Craven 100 Alliance

Analysis

Craven 100 Alliance is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Craven 100 Alliance reported income of $194k and spending of $267k, spending 137% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $78k to $194k (+148%), an average of +26% a year. The sharpest change came in the year to March 2022, when income rose by 1291%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Craven 100 Alliance sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($194k), Enterprise Development & Management Corporation ($194k) and Upper Arlington Rotary Charitable Foundation ($194k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 79% of the total. At year end it held assets of $2.1m against liabilities of $1,349, net assets of $2.1m.