Freedom House for the Carolinas Inc

Analysis

Freedom House for the Carolinas Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover mental health and crisis intervention, 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 2023, Freedom House for the Carolinas Inc reported income of $241k and spending of $240k, spending 99% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $142k to $241k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Freedom House for the Carolinas Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include North Carolina Business Group on Health Inc ($241k), Methodist Medical Center Foundation ($241k) and Wheel to Walk Foundation ($241k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (17% of expenses). At year end it held assets of $65k against liabilities of $13k, net assets of $52k. It reported 1 employees.