CAROLINA SMALL BUSINESS DEVELOPMENT FUND
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The Carolina Small Business Development Fund is a nonprofit organization dedicated to fostering economic development in underserved communities by providing capital, business services, and policy research to support small businesses. With an operating budget of $7.5 million and total revenue of $7.9 million for the filing year 2025, the organization actively works to enhance economic opportunities in its focus areas. It does not rely on a single funder for 50% or more of its revenue, ensuring diverse funding sources for its initiatives. For more information, visit www.carolinasmallbusiness.org.
Mission Statement
OUR MISSION IS TO FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES BY PROVIDING CAPITAL, BUSINESS SERVICES, AND POLICY RESEARCH TO SUPPORT SMALL BUSINESSES.
Cause Areas
2
Economic development
Credit unions
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is CAROLINA SMALL BUSINESS DEVELOPMENT FUND’s budget?
In 2025, CAROLINA SMALL BUSINESS DEVELOPMENT FUND reported an annual operating budget of around $7.5 million. More detailed financial information is available to registered users.
What causes does CAROLINA SMALL BUSINESS DEVELOPMENT FUND support?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND supports work in Economic development and Credit unions.
Where does CAROLINA SMALL BUSINESS DEVELOPMENT FUND operate?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND is headquartered in Raleigh, NC.
Who funded CAROLINA SMALL BUSINESS DEVELOPMENT FUND recently?
In 2024, CAROLINA SMALL BUSINESS DEVELOPMENT FUND received grants from RURAL ECONOMIC DEVELOPMENT CENTER INC, DOGWOOD HEALTH TRUST, and NATIONAL ASSOCIATION FOR LATINO COMMUNITY ASSET BUILDERS. More information on this organization’s funders is available to registered users.
What is the largest grant CAROLINA SMALL BUSINESS DEVELOPMENT FUND received in 2024?
The largest grant to CAROLINA SMALL BUSINESS DEVELOPMENT FUND in 2024 exceeds $400 thousand.
What is CAROLINA SMALL BUSINESS DEVELOPMENT FUND’s reliance on government grants?
CAROLINA SMALL BUSINESS DEVELOPMENT FUND relied on government grants for more than 60% of their total revenue in 2025.
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