Church of God Childrens Home of North Carolina Inc

Analysis

Church of God Childrens Home of North Carolina Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in September 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 September 2023, Church of God Childrens Home of North Carolina Inc reported income of $2.5m and spending of $2.0m, leaving 22% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.3m to $2.5m (+97%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 244%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Church of God Childrens Home of North Carolina Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Fairfax-San Anselmo Childrens Center ($2.5m), Homeward ($2.5m) and Steps ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $179k (9.2% of expenses). Other salaries and wages came to $739k. At year end it held assets of $5.1m against liabilities of $39k, net assets of $5.1m. It reported 27 employees.