CAROLINA SMALL BUSINESS DEVELOPMENT FUND
AI Summary
The Carolina Small Business Development Fund (EIN: 58-1903219) 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 2025 filing year, the organization operates without reliance on any single funder for 50% or more of its revenue. More information can be found on their website at 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.