Cape Fear Healthnet Inc

Analysis

Cape Fear Healthnet Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 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 2024, Cape Fear Healthnet Inc reported income of $572k and spending of $613k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $671k to $572k (-15%), an average of -3.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cape Fear Healthnet Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Healing Heroes Ministries ($572k), The Foundation for Living Beauty ($572k) and Alagille Syndrome Alliance ($572k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (6.0% of expenses). Other salaries and wages came to $161k. At year end it held assets of $187k against liabilities of $74k, net assets of $113k. It reported 9 employees.

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.