Caramore Community Inc

Analysis

Caramore Community Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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, Caramore Community Inc reported income of $2.6m and spending of $2.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.6m (-8.8%), an average of -2.3% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caramore Community Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Alk Positive Incorporated ($2.6m), North Country Library System ($2.6m) and Terrace Gardens Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $144k (5.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $943k against liabilities of $125k, net assets of $818k. It reported 67 employees.