Orthocarolina Research Institute Inc

Analysis

Orthocarolina Research Institute Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Orthocarolina Research Institute Inc reported income of $1.8m and spending of $2.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.8m (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Orthocarolina Research Institute Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Southeastern Regional Medical Center Foundation ($1.8m), Northern Metropolitan Foundation for Health Care Inc ($1.8m) and Island Autism Group Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 27% of the total. It paid $52k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $667k, net assets of $3.0m.