North Carolina Business Group on Health Inc

Analysis

North Carolina Business Group on Health Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Business Group on Health Inc reported income of $241k and spending of $202k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $241k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, North Carolina Business Group on Health 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 Wheel to Walk Foundation ($241k), Freedom House for the Carolinas Inc ($241k) and Association of Black Women Physicians ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $102k (50% of expenses). Other salaries and wages came to $7,822. At year end it held assets of $106k against liabilities of $71, net assets of $106k. It reported 2 employees.