Caraway Foundation

Analysis

Caraway Foundation is a registered charity in United States, based in Wadesboro, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Caraway Foundation reported income of $82k and spending of $67k, spending 81% of its income. Across the 4 years on record, from December 2018 to December 2022, income grew from $8,638 to $82k (+850%), an average of +112% a year. The sharpest change came in the year to December 2019, when income dropped by 100%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caraway Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Grosse Pointe Woods Foundation ($82k), Hall of Fame Foundation Inc ($82k) and Miss Kentucky Scholarship Foundation Inc ($82k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.