Carefirst Carolina Foundation Inc

Analysis

Carefirst Carolina Foundation Inc is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Carefirst Carolina Foundation Inc reported income of $360k and spending of $356k, spending 99% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $189k to $360k (+91%), an average of +18% a year. The sharpest change came in the year to May 2020, when income rose by 72%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carefirst Carolina Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Aspire Foundation ($359k), Asc Quality Collaboration Inc ($360k) and Tender Care Pregnancy Centers Inc ($359k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $391k against liabilities of $0, net assets of $391k.