Maggies Outreach Community Economic Development Center

Analysis

Maggies Outreach Community Economic Development Center is a registered charity in United States, based in Raeford, NC. It received its IRS tax-exemption ruling in July 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, Maggies Outreach Community Economic Development Center reported income of $1.0m and spending of $1.2m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $326k to $1.0m (+219%), an average of +47% a year. The sharpest change came in the year to June 2022, when income rose by 118%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maggies Outreach Community Economic Development Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Murray-Calloway County Senior Citizens Inc ($1.0m), Hospice Home of Johnson County ($1.0m) and Hrca Senior Housing Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $619k. At year end it held assets of $223k against liabilities of $19k, net assets of $204k. It reported 45 employees.