Carol Woods Charitable Fund Inc

Analysis

Carol Woods Charitable Fund Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carol Woods Charitable Fund Inc reported income of $397k and spending of $143k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $397k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carol Woods Charitable Fund Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Parshall 2000 Inc ($397k), Zeeland Non-Profit Senior Housing Corporation Haven Huis Apartments ($397k) and 3250 Sacramento Housing Inc ($396k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.5m against liabilities of $2,700, net assets of $2.5m.