North Carolina Community Carenetworks Inc

Analysis

North Carolina Community Carenetworks Inc is a registered charity in United States, based in Garner, NC. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover health care, 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 June 2023, North Carolina Community Carenetworks Inc reported income of $45.5m and spending of $29.5m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $85.0m to $45.5m (-47%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 56%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Community Carenetworks Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Stony Brook Radiology University Faculty Practice Corporation ($45.4m), Horizon Home Care & Hospice Inc ($45.5m) and Apalachee Center Inc ($45.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $346k (1.2% of expenses). At year end it held assets of $101.4m against liabilities of $12.2m, net assets of $89.2m.