Nc Student Aid Association Inc
Only null% goes to programs Strong reserves Growing revenue
Nc Student Aid Association Inc is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 1955, with $58,813,112 in FY2024 revenue. CharityIndex grades it B.
Po Box 37100, Raleigh, NC, 27627 EIN 56-0650623 Since 1955
Revenue (FY2024)
$58.8M
▲ 80.5% vs prior year
Education median: $200K
Expenses (FY2024)
$46.2M
Net assets
$100.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Nc Student Aid Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Nc Student Aid Association Inc: 26 mo reserves · +21% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Nc Student Aid Association Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Nc Student Aid Association Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 37100, Raleigh, NC, 27627
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $24.5M (FY2013) to $58.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32.1MNet assets $100.5M
Operating margin
21.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$132.6M
Total liabilities
$32.1M
Net assets
$100.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $58,813,112▲80.5% | $46,242,679▲51.4% | $100,488,415▲18.3% | $132,636,503▲7.3% | 990 |
| 2023 | $32,577,617▼6.8% | $30,536,223▼23.7% | $84,936,688▲7.2% | $123,651,935▲8.3% | 990 |
| 2022 | $34,945,207▼2.8% | $40,016,949▲88.6% | $79,224,595▼6.1% | $114,223,350▼3.1% | 990 |
| 2021 | $35,950,194▲50.6% | $21,214,461▼55.9% | $84,390,710▲23.0% | $117,853,351▲15.2% | 990 |
| 2020 | $23,877,668▼14.8% | $48,072,419▲83.8% | $68,592,511▼17.7% | $102,296,557▲2.7% | 990 |
| 2019 | $28,033,591▲2.2% | $26,155,453▲3.0% | $83,388,126▼0.6% | $99,629,389▼1.8% | 990 |
| 2018 | $27,417,708▲12.0% | $25,392,103▲3.2% | $83,917,691▲4.0% | $101,491,567▲2.2% | 990 |
| 2017 | $24,477,858▲7.0% | $24,607,401▲4.1% | $80,725,479▼0.5% | $99,305,678▼6.2% | 990 |
| 2016 | $22,883,868▼3.6% | $23,648,439▼3.9% | $81,136,114▲0.4% | $105,897,253▼2.4% | 990 |
| 2015 | $23,739,146▲14.1% | $24,620,225▼26.7% | $80,847,560▼4.1% | $108,476,754▼4.5% | 990 |
| 2014 | $20,812,068▼15.0% | $33,585,341▲70.7% | $84,339,965▼13.9% | $113,601,330▼2.9% | 990 |
| 2013 | $24,494,372 | $19,678,664▼10.0% | $97,987,784▲8.5% | $116,935,104▲9.4% | 990 |
| 2012 | — | $21,868,072▲16.3% | $90,286,037▼1.2% | $106,931,774▼2.9% | 990 |
| 2011 | — | $18,803,486▲1.7% | $91,408,132▲8.5% | $110,179,804▼18.6% | 990 |
| 2010 | — | $18,482,034▲17.6% | $84,276,552▲5.9% | $135,403,302▼0.7% | 990 |
| 2009 | — | $15,709,911 | $79,605,143 | $136,330,277 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $18.2M total
92 grants to Nc Student Aid Association Inc totaling $18.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $141,140 |
| Winston-salem Foundation | 5 grant(s) for varying purposes | 2024 | $120,640 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $106,500 |
| American Online Giving Foundation Inc | General support | 2024 | $103,424 |
| Foundation For the Carolinas | Charitable gift | 2024 | $46,000 |
| American Endowment Foundation | Educational | 2024 | $43,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $36,572 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $30,250 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $25,880 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $25,100 |
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2024 | $14,275 |
| Ayco Charitable Foundation | Education | 2024 | $10,000 |
| Nc State Investment Fund Inc | Scholarships, faculty support, departmental support and facility support | 2023 | $2,284,748 |
| Donor Advised Charitable Giving | Education | 2023 | $712,300 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $605,905 |
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Frequently asked questions
- Is Nc Student Aid Association Inc a legitimate nonprofit?
- Yes. Nc Student Aid Association Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0650623, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Nc Student Aid Association Inc's EIN?
- Nc Student Aid Association Inc's Employer Identification Number (EIN) is 56-0650623.
- How much revenue does Nc Student Aid Association Inc report?
- Nc Student Aid Association Inc reported $58,813,112 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nc Student Aid Association Inc have?
- CharityIndex grades Nc Student Aid Association Inc B, based on financial health (reserves and operating margin).
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Data for Nc Student Aid Association Inc (EIN 56-0650623) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.