Wilmington Carenet Counseling Center Inc

Analysis

Wilmington Carenet Counseling Center Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wilmington Carenet Counseling Center Inc reported income of $184k and spending of $185k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $217k to $184k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wilmington Carenet Counseling Center Inc sits at the 39th percentile: it is larger than about 39% 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 Team Sanfilippo Foundation ($184k), Your Fathers House Inc ($184k) and Expresarte Cultural Wellness Collective ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $71k. At year end it held assets of $249k against liabilities of $5,328, net assets of $244k.