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North Carolina · Nonprofit

North Carolina Health News Inc

North Carolina Health News Inc (North Carolina) receives grants from 12 organizations whose IRS filings report $718,845 to it, the largest being THE MIAMI FOUNDATION INC ($292,415). 7 of them have funded it in more than one year, and 62% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$736k
Funders on record
12
Grants received
$719k
Net assets
$685k
7/12 repeat funderspeak grant-dependency 26%
01What it does

What North Carolina Health News Inc does

Mission

Independent, statewide news organization dedicated to covering health care in North Carolina.

As stated on its FY2025 Form 990.

Program

  1. Employing the highest journalistic standards of fairness, accuracy, and extensive research to ensure the coverage of health care issues in North Carolina.

    $607,990 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $607,990.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($79k) Expenses 100 ($94k) Net assets 100 ($75k)2018 Revenue 273 ($217k) Expenses 182 ($171k) Net assets 162 ($121k)2019 Revenue 434 ($345k) Expenses 269 ($251k) Net assets 286 ($214k)2020 Revenue 609 ($484k) Expenses 419 ($393k) Net assets 436 ($327k)2021 Revenue 537 ($427k) Expenses 463 ($433k) Net assets 472 ($354k)2022 Revenue 632 ($502k) Expenses 495 ($463k) Net assets 524 ($393k)2023 Revenue 728 ($579k) Expenses 490 ($459k) Net assets 685 ($513k)2024 Revenue 723 ($575k) Expenses 567 ($531k) Net assets 743 ($557k)2025 Revenue 926 ($736k) Expenses 649 ($608k) Net assets 915 ($685k)
'17'18'19'20'21'22'23'24'25
Revenue (926)Expenses (649)Net assets (915)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $559k to $688k (+23%).

$76k
$125k
$233k
$329k
$362k
$397k
$516k
$559k
$688k
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

71% of North Carolina Health News Inc’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).

This organization
Typical peer · 19,618 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

−$14k
’17
$46k
’18
$93k
’19
$92k
’20
−$6k
’21
$39k
’22
$120k
’23
$44k
’24
$128k
’25
13
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Rose Hoban

Executive Director

Board chair

Kevin Spears

Chair

As listed on its FY2025 Form 990.

'18'19'20'21'22'23'24'25
Listed679910887
Joined·+2+2+2+1+3+0+2
No longer listed·1020503
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $2k → $140k.

4 of 12 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 62% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of North Carolina Health News Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

North Carolina Health News Inc leans on a few funders — its largest provides 41% of grant income and the top three 75%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund North Carolina Health News Inc.

41%
largest funder
75%
top three
~4
effective funders

Largest funder’s share by year: 2017 100% · 2018 50% · 2019 49% · 2020 49% · 2021 31% · 2022 41% · 2023 39% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

80% of North Carolina Health News Inc's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

62% of North Carolina Health News Inc's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $271k that is directly attributable, 50% of it comes from funders outside North Carolina, across 7 states.

NY
MA
NJ
CA
DE
AR
NC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $448k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

North Carolina Health News Inc holds deeper cash reserves than three-quarters of the 12,262 arts & culture nonprofits its size.

Operating margin17% · above the median
Months of reserve13.2mo · top quartile
Revenue growth (annualized)32% · top quartile

this organization peer median middle 50% of peers· 12,262 arts & culture nonprofits $100k–$1M, FY2025

Organizations like North Carolina Health News Inc

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

81% of spending goes to programs.

Program 81%Management 12%Fundraising 6%

Governance

7
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

83%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for North Carolina Health News Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds North Carolina Health News Inc?
North Carolina Health News Inc (North Carolina) receives grants from 12 organizations whose IRS filings report $718,845 to it, the largest being THE MIAMI FOUNDATION INC ($292,415). 7 of them have funded it in more than one year, and 62% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does North Carolina Health News Inc have?
IRS filings report 12 organizations giving $718,845 in grants to North Carolina Health News Inc, 7 of which have funded it in more than one year.
Who is the largest funder of North Carolina Health News Inc?
THE MIAMI FOUNDATION INC is the largest funder on record, with $292,415 in grants. The full list of funders is on this page.
How can an organization like North Carolina Health News Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds North Carolina Health News →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 12 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing