Carolina Wren Press Inc

Analysis

Carolina Wren Press Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Carolina Wren Press Inc reported income of $448k and spending of $435k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $354k to $448k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Wren Press Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include The Museum of Indigenous People Inc ($448k), Balanced Almond Inc ($448k) and S Cool Sounds Inc ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $90k. At year end it held assets of $368k against liabilities of $164k, net assets of $205k. It reported 5 employees.