Childrens Home of Cleveland County Inc

Analysis

Childrens Home of Cleveland County Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in February 1989, 37 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 2023, Childrens Home of Cleveland County Inc reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.3m (-17%), an average of -4.6% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home of Cleveland County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Golf Fore Life Skills ($1.3m), Hollys House Inc ($1.3m) and Thrive Chicago NFP ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $101k (7.4% of expenses). Other salaries and wages came to $657k. At year end it held assets of $2.1m against liabilities of $244k, net assets of $1.9m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.