McNc
3021 E Cornwallis Road Bldg 3, R Triangle Park, NC · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $74,135,271 | $66,051,698 | $120,111,789 |
| FY2024 | $68,456,573 | $61,769,274 | $112,028,216 |
| FY2023 | $64,330,012 | $60,483,730 | $105,496,536 |
| FY2022 | $60,168,737 | $60,050,067 | $101,650,256 |
| FY2021 | $51,582,521 | $54,420,215 | $101,531,586 |
| FY2020 | $48,024,442 | $48,273,155 | $104,369,280 |
| FY2019 | $44,400,805 | $50,737,174 | $106,587,451 |
| FY2018 | $44,775,800 | $50,671,789 | $112,923,820 |
| FY2017 | $50,132,105 | $62,379,109 | $118,819,809 |
| FY2016 | $41,153,555 | $40,149,761 | $131,049,076 |
| FY2015 | $34,603,845 | $35,846,169 | $129,629,019 |
| FY2014 | $36,822,361 | $40,962,209 | $129,847,999 |
| FY2013 | $75,557,683 | $29,067,614 | $132,806,507 |
| FY2012 | $82,271,748 | $22,528,009 | $85,138,199 |
Form 990 filings
The returns filed by McNc (EIN 58-1406628), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,165,108 | 11% |
| Program service revenue | $65,656,828 | 89% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $55,820,217 | 85% |
| Management & general | $10,231,481 | 15% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 89% of total revenue in FY2025.
- Program services accounted for 85% of functional expenses, management & general 15%, and fundraising 0%.
- 85% of functional expenses went to program services in FY2025. That is higher than 60.8% of 171 Science & Technology organizations nationwide (too few in NC for a state comparison).
- Net assets covered about 21.8 months of expenses at the end of the reporting year. That puts it in the 60th percentile among 40 Science & Technology organizations in NC.
- Total revenue was the highest among 40 Science & Technology organizations in NC.
- Total revenue fell from $82,271,748 in FY2012 to $74,135,271 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2014, FY2015, FY2017, FY2018, FY2019, FY2020, FY2021).
- The highest revenue on record here is $82,271,748 in FY2012.
- Net assets grew from $85,138,199 to $120,111,789 between FY2012 and FY2025.
- Contributions and grants made up 79% of revenue in FY2012 and 11% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE ADVANCED ELECTRONIC AND INFORMATION TECHNOLOGIES TO THE NC EDUCATION COMMUNITY, PUBLIC HEALTH, AND GOVERNMENT AGENCIES AND TO BENEFIT ECONOMIC DEVELOPMENT IN NC.
IRS status
| Ruling year | 1980 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | U400 — Science & Technology |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Research Triangle Institute — Rtp, NC · $1,254,259,534
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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