Historic Carson House

Analysis

Historic Carson House is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in March 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Historic Carson House reported income of $101k and spending of $127k, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $123k to $101k (-18%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Carson House sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Arc 4th Housing Corporation ($101k), Oregon Mycological Society Inc ($101k) and Aberdeen Area Community Foundation Inc ($101k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $39k. At year end it held assets of $762k against liabilities of $0, net assets of $762k. It reported 3 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.