Carolina Public Press Inc

Analysis

Carolina Public Press Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Public Press Inc reported income of $404k and spending of $643k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $397k to $404k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Public Press Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Gujarati Samaj Inc ($404k), Tahoe School of Music ($404k) and Heritage Museum of Big Spring ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (21% of expenses). Other salaries and wages came to $251k. At year end it held assets of $163k against liabilities of $6,408, net assets of $157k. It reported 11 employees.