Community Improvement
(S30)
990 on File
ECONOMIC DEVELOPMENT PARTNERSHIP OF NORTH CAROLINA INC
Financial strength (30%)
65/100
Reliability (20%)
50/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$52.3M
Total Revenue
$51.5M
Total Expenses
$9.2M
Net Assets
80
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.3%
Fundraising Efficiency
N/A
Operating Reserve
2.15x
Liability-to-Asset
92.9%
Revenue Diversification
92.2%
Executive Compensation
$722K
Compared with Peers
FY 2025
Compared with 112 similar organizations
(United States, Community Improvement, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.3% | 91.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.0% | 8.0% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.7% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.2 mo | 6.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
92.9% | 32.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.2% | 92.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
24.2% | 5.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
26.4% | 4.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.6% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $52.3M | $51.5M | $9.2M | 94.3% | 80 |
| 2024 | $42.1M | $40.7M | $8.4M | 94.4% | 83 |
| 2023 | $52.5M | $51.3M | $7.0M | 96.3% | 87 |
| 2022 | $25.9M | $25.1M | $5.7M | 92.9% | 77 |
| 2021 | $39.9M | $38.5M | N/A | — | 73 |
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