Ida and Asset Building Collaborative of North Carolina

Analysis

Ida and Asset Building Collaborative of North Carolina is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ida and Asset Building Collaborative of North Carolina reported income of $181k and spending of $178k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $181k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ida and Asset Building Collaborative of North Carolina sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Narratives QC Inc NFP ($181k), Seeds of Hope Nigeria ($181k) and Goldberg Charitable Corporation to Improve the Food System Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $102k (57% of expenses). Other salaries and wages came to $996. At year end it held assets of $257k against liabilities of $27k, net assets of $230k. It reported 1 employees.