Carrolls Kitchen Inc

Analysis

Carrolls Kitchen Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Carrolls Kitchen Inc reported income of $748k and spending of $734k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $418k to $748k (+79%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carrolls Kitchen 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 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Jobs4interns ($748k), Gestalt International Study Center Ltd ($748k) and Lincoln Heights Benefit Assoc of Los Angeles ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 80% of the total. Other salaries and wages came to $301k. At year end it held assets of $445k against liabilities of $144k, net assets of $300k. It reported 21 employees.