Carolina Seniorcare

Analysis

Carolina Seniorcare is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carolina Seniorcare reported income of $16.9m and spending of $16.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.4m to $16.9m (+2.7%), an average of +0.7% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carolina Seniorcare sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Plantation Village Inc ($16.9m), Wraparound Services of the Hudson Valley Inc ($16.9m) and Volunteers of America Inc ($16.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 102% of the total. Compensation of current officers, directors and key employees was $225k (1.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $10.2m against liabilities of $3.6m, net assets of $6.7m. It reported 112 employees.