Carolinas Club Foundation Inc

Analysis

Carolinas Club Foundation Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Carolinas Club Foundation Inc reported income of $56k and spending of $87k, spending 156% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $73k to $56k (-24%), an average of -24% a year. The sharpest change came in the year to October 2023, when income dropped by 24%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolinas Club Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Millersburg Area School District PTO Inc ($56k), Forest View PTA 7 3 7 ($56k) and Whole Learners ($56k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $332k against liabilities of $130, net assets of $332k.