Carolina Family Connections

Analysis

Carolina Family Connections is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2007, 19 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 June 2024, Carolina Family Connections reported income of $814k and spending of $734k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $785k to $814k (+3.6%), an average of +0.7% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Family Connections sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include St Vincent de Paul at Our Lady of the Assumption ($814k), Hill Country Senior Citizens Activity Center ($814k) and North Country Workforce Partnership Inc ($814k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $69k (9.5% of expenses). Other salaries and wages came to $156k. At year end it held assets of $218k against liabilities of $4,525, net assets of $213k. It reported 9 employees.