GFWC of North Carolina Inc

Analysis

GFWC of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, GFWC of North Carolina Inc reported income of $165k and spending of $223k, spending 135% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $370k to $165k (-56%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, GFWC of North Carolina Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Manatee Justice Ministry ($165k), Flats Forward Inc ($165k) and Leadership Carlisle ($165k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $32k (14% of expenses). Other salaries and wages came to $23k. At year end it held assets of $1.4m against liabilities of $30k, net assets of $1.4m. It reported 2 employees.