Diaper Bank of North Carolina

Analysis

Diaper Bank of North Carolina is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in December 2013, 13 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, Diaper Bank of North Carolina reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $2.3m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diaper Bank of North Carolina sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include National Runaway Switchboard ($2.3m), Children Today a California Non Profit Public Benefit Corporation ($2.3m) and Feeding Kentucky Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $97k (4.0% of expenses). Other salaries and wages came to $393k. At year end it held assets of $2.8m against liabilities of $81k, net assets of $2.7m. It reported 10 employees.