North Carolina Quarter Midget Association

Analysis

North Carolina Quarter Midget Association is a registered charity in United States, based in Trinity, NC. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Carolina Quarter Midget Association reported income of $92k and spending of $120k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $92k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Carolina Quarter Midget Association sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Shelby Foundation Inc ($92k), Benaiah Ministries Group Inc ($92k) and Refugee and Migrant Women S Initiative ($92k).

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 $690k against liabilities of $0, net assets of $690k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.