Sipes Orchard Home

Analysis

Sipes Orchard Home is a registered charity in United States, based in Conover, NC. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Sipes Orchard Home reported income of $2.1m and spending of $2.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.7m to $2.1m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2024, when income rose by 77%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sipes Orchard Home sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Greene County Fish Pantry ($2.1m), Ayni Institute Inc ($2.1m) and Clare County Transit Corporation ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $97k (4.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $8.3m against liabilities of $79k, net assets of $8.2m. It reported 49 employees.