Carolina Refugee Resettlement Agency Inc

Analysis

Carolina Refugee Resettlement Agency Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2010, 16 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, Carolina Refugee Resettlement Agency Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.6m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Refugee Resettlement Agency Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Food for Life Network Inc ($2.6m), The YWCA of Western New York Inc ($2.6m) and Columbia Urban League Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $219k (8.5% of expenses). Other salaries and wages came to $815k. At year end it held assets of $1.7m against liabilities of $50k, net assets of $1.6m. It reported 31 employees.