North Carolina · Public charity
Rural Economic Development Center Inc
We champion rural north carolina by investing in people, communities and potentialand envision a rural north carolina where every rural voice matters and every ruralcommunity thrives.
- $2.5M
- Granted FY2025(still arriving)
- 26
- Grants FY2025
- 10
- Organizations funded FY2024
- 40%
- First-time grantees FY2024
- Median grant, FY2025
- $10,000
- Largest grant, FY2025
- $1,826,647
- Organizations funded a year
- 1 to 10
- FY2019 to FY2024
- States reached, FY2025
- 2
- Total assets, FY2025
- $309M
How open it is to new grantees
In FY2024, 40% of the organizations Rural Economic Development Center Inc funded were first-time grantees, receiving 35% of its grant dollars.
New vs renewed · share of each year
In FY2024, 65% of grant dollars renewed an existing relationship; $797k went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 26 | $2.5M | 100% |
| FY2024 | 10 | $2.3M | 40% |
| FY2023 | 9 | $3.9M | 89% |
| FY2022 | 1 | $115k | 0% |
| FY2021 | 1 | $64k | 0% |
| FY2019 | 2 | $37k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2025.
Top grantees
Largest recipients by total granted, FY2019 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Nc State University | $1,826,647 | 1 | n/a |
| Partner Community Capital Inc | $975,000 | 2 | 4% |
| Institute Capital Inc | $775,000 | 1 | 13% |
| Mountain Bizcapital Inc | $736,000 | 1 | 11% |
| Array Community Development Corp | $726,747 | 2 | 77% |
| Carolina Community Impact Inc | $665,150 | 2 | 31% |
| Business Expansion Funding Corp | $550,000 | 2 | 13% |
| Up Community Fund LLC | $475,000 | 2 | n/a |
| General Council on Finance & Admins of the United | $451,015 | 5 | n/a |
| Carolina Small Business Development Fund | $400,000 | 1 | 5% |
Show all 40 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Nc State University | $1,826,647 | 1 | n/a |
| Partner Community Capital Inc | $975,000 | 2 | 4% |
| Institute Capital Inc | $775,000 | 1 | 13% |
| Mountain Bizcapital Inc | $736,000 | 1 | 11% |
| Array Community Development Corp | $726,747 | 2 | 77% |
| Carolina Community Impact Inc | $665,150 | 2 | 31% |
| Business Expansion Funding Corp | $550,000 | 2 | 13% |
| Up Community Fund LLC | $475,000 | 2 | n/a |
| General Council on Finance & Admins of the United | $451,015 | 5 | n/a |
| Carolina Small Business Development Fund | $400,000 | 1 | 5% |
| Mountain Bizworks-Cdfi | $250,000 | 1 | n/a |
| Thread Capital Inc | $250,000 | 1 | 8% |
| Mdc Inc | $218,412 | 1 | 2% |
| Piedmont Business Capital | $100,000 | 1 | 22% |
| Tennessee Cooperative Baptist Fellowship | $95,000 | 1 | n/a |
| Boone United Methodist Church | $50,000 | 1 | n/a |
| The Sequoyah Fund Inc | $47,000 | 1 | 1% |
| Bethesda United Methodist Church | $30,000 | 1 | n/a |
| First Umc (Franklin) | $30,000 | 1 | n/a |
| Calvary Presbyterian Church | $30,000 | 1 | n/a |
| First Umc (Murphy) | $20,000 | 1 | n/a |
| F I R S T | $13,401 | 1 | 0% |
| Central Umc | $10,000 | 1 | n/a |
| Laurel Hill Umc | $10,000 | 1 | n/a |
| Carthage United Methodist Church | $10,000 | 1 | n/a |
| Fairview Umc | $10,000 | 1 | n/a |
| Oak Hill Umc | $10,000 | 1 | n/a |
| Bluestone Missionary Baptist Church | $10,000 | 1 | n/a |
| Abundant Life Miracle Center | $10,000 | 1 | n/a |
| Chadbourn Umc | $10,000 | 1 | n/a |
| Chatham Umc | $10,000 | 1 | n/a |
| New Saint Paul Missionary Baptist Church | $10,000 | 1 | n/a |
| Plank Chapel Umc | $10,000 | 1 | n/a |
| True Experiences | $10,000 | 1 | n/a |
| Sharon Missionary Baptist Church | $10,000 | 1 | n/a |
| Abernethy Memorial Rutherford College United Methodist Church | $10,000 | 1 | n/a |
| Pilmoor Memorial Umc | $10,000 | 1 | n/a |
| United Methodist Church and Its Affiliated Organizations North Car | $10,000 | 1 | n/a |
| Lc Graves Memorial Presbyterian | $10,000 | 1 | n/a |
| Annie Penn Memorial Hospital Foundation | $5,000 | 1 | 1% |
Where it is load-bearing
Rural Economic Development Center Inc supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 13 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Nc Idea · Dogwood Health Trust · Appalachian Community Capital Corporation · The Golden Leaf Inc · Truist Foundation Inc · National Philanthropic Trust · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation
How this is measured
Compare Rural Economic Development Center Inc with peer funders
About Rural Economic Development Center Inc
- How much does Rural Economic Development Center Inc give?
- Rural Economic Development Center Inc reported 26 grants totaling $2,509,353 in its FY2025 IRS filing. It funded between 1 and 10 organizations a year over FY2019 to FY2024.
- What does Rural Economic Development Center Inc fund?
- By grant dollars over FY2019 to FY2025, its largest causes are Community Improvement (82%), Food & Nutrition (11%), Religion (7%).
- Who are Rural Economic Development Center Inc's largest grantees?
- By total granted over FY2019 to FY2025: Nc State University ($1.8M), Partner Community Capital Inc ($975k), Institute Capital Inc ($775k).
- Does Rural Economic Development Center Inc fund new organizations?
- In FY2024, 40% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Rural Economic Development Center Inc?
- Its strongest co-funders, measured against what their size predicts, include Nc Idea, Dogwood Health Trust, Appalachian Community Capital Corporation.
- Where is Rural Economic Development Center Inc based?
- Rural Economic Development Center Inc is based in NC.
Play a game based on Rural Economic Development Center’s filings →