Childrens Homes of Iredell County Inc

Analysis

Childrens Homes of Iredell County Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in December 1973, 53 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 Homes of Iredell County Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Homes of Iredell County Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Excellent Community Services Inc ($1.2m), Lakeridge Village Inc ($1.2m) and Tift Area Young Mens Christian Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 78% of the total. Other salaries and wages came to $715k. At year end it held assets of $1.3m against liabilities of $147k, net assets of $1.2m. It reported 29 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.