Carolina for the Kids Foundation

Analysis

Carolina for the Kids Foundation is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in September 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 2023, Carolina for the Kids Foundation reported income of $119k and spending of $155k, spending 129% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $244k to $119k (-51%), an average of -30% a year. The sharpest change came in the year to June 2022, when income dropped by 51%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina for the Kids Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include CCS Connect Community Services ($119k), Sussex Seniors Urban Renewal Affordable Housing Non-Profit ($119k) and Triangle Community Ministry Inc ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.

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.