Cabarrus County Group Homes Inc

Analysis

Cabarrus County Group Homes Inc is a registered charity in United States, based in China Grove, NC. It received its IRS tax-exemption ruling in August 1977, 49 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, Cabarrus County Group Homes Inc reported income of $2.6m and spending of $2.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.6m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cabarrus County Group Homes Inc sits at the 86th percentile: it is larger than about 86% 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 Telespond Senior Services Inc ($2.6m), Cross-Lines Community Outreach Inc ($2.6m) and United Methodist Childrens Services of Wisconsin Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.9m against liabilities of $183k, net assets of $1.7m. It reported 39 employees.