Central Piedmont Community Action Inc

Analysis

Central Piedmont Community Action Inc is a registered charity in United States, based in Siler City, NC. It received its IRS tax-exemption ruling in May 1967, 59 years ago. 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 2022, Central Piedmont Community Action Inc reported income of $2.6m and spending of $2.6m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.6m to $2.6m (+58%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Piedmont Community Action Inc sits at the 87th percentile: it is larger than about 87% 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 Montessori School for Shreveport ($2.6m), Appalachian Hospice Care Inc ($2.6m) and Art Students League of Denver ($2.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $109k (4.1% of expenses). Other salaries and wages came to $940k. At year end it held assets of $399k against liabilities of $654k, net assets of -$256k. It reported 34 employees.