Refugee Support Services of Thecarolinas Inc

Analysis

Refugee Support Services of Thecarolinas Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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 December 2023, Refugee Support Services of Thecarolinas Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $1.2m (+145%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Refugee Support Services of Thecarolinas Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Greater Maple Valley Community Center ($1.2m), Partners for Progress NFP ($1.2m) and Society of St Vincent de Paul Diocesan Council of El Paso ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $70k (6.0% of expenses). Other salaries and wages came to $418k. At year end it held assets of $666k against liabilities of $44k, net assets of $621k. It reported 18 employees.