Childrens Home Society of North Carolina Inc

Analysis

Childrens Home Society of North Carolina Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1951, 75 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Childrens Home Society of North Carolina Inc reported income of $34.2m and spending of $36.0m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $30.5m to $34.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home Society of North Carolina Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Homesura Inc ($34.2m), Inter-Faith Food Shuttle ($34.2m) and Braille Institute of America Inc ($34.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.2m (3.3% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $21.4m against liabilities of $7.3m, net assets of $14.1m. It reported 378 employees.