Casting Carolinas Inc

Analysis

Casting Carolinas Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Casting Carolinas Inc reported income of $95k and spending of $76k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $95k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Casting Carolinas Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Africa Schools of Kenya ($95k), Knit the Rainbow Inc ($95k) and St Joseph Conference Marinette Wi ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $154k against liabilities of $27k, net assets of $126k.