YWCA of the Lower Cape Fear Inc

Analysis

YWCA of the Lower Cape Fear Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in February 1972, 54 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 December 2023, YWCA of the Lower Cape Fear Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.1m (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, YWCA of the Lower Cape Fear Inc sits at the 83rd percentile: it is larger than about 83% 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 Ubuntu Inc ($2.1m), United Methodist Neighborhood Centers Inc ($2.1m) and Compassion Planet ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $994k. At year end it held assets of $3.1m against liabilities of $1.0m, net assets of $2.0m. It reported 103 employees.