Cumberland Healthnet

Analysis

Cumberland Healthnet is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in October 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 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 2024, Cumberland Healthnet reported income of $885k and spending of $950k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $552k to $885k (+60%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cumberland Healthnet sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Black Directors Health Equity Agenda Inc ($885k), Center for Disease Analysis Foundation Inc ($885k) and Berkeley Addiction Treatment Services ($884k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $414k. At year end it held assets of $235k against liabilities of $42k, net assets of $193k. It reported 30 employees.