Carolina Therapeutic Services Community Development Inc

Analysis

Carolina Therapeutic Services Community Development Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Carolina Therapeutic Services Community Development Inc reported income of $1.4m and spending of $274k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $696k to $1.4m (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Therapeutic Services Community Development Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Abc Toon Town II Educational Center ($1.4m), Lincoln Freed ($1.4m) and Friends Life Community ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Other salaries and wages came to $209k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.