Caroline Center Inc

Analysis

Caroline Center Inc is a registered charity in United States, based in Ridgely, MD. It received its IRS tax-exemption ruling in September 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 2024, Caroline Center Inc reported income of $7.1m and spending of $6.8m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.0m to $7.1m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caroline Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Marshall-Starke Development Center Inc ($7.1m), Maryland Philanthropy Network Inc ($7.1m) and Kalamazoo Foundation for Excellence ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $233k (3.4% of expenses). At year end it held assets of $6.0m against liabilities of $2.1m, net assets of $3.9m. It reported 143 employees.