Authoracare Collective

Analysis

Authoracare Collective is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1980, 46 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 September 2023, Authoracare Collective reported income of $46.6m and spending of $44.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $24.4m to $46.6m (+91%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Authoracare Collective sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include United Methodist Memorial Home ($46.5m), Four Oaks Family and Childrens Services ($46.6m) and Hospice Care of Southwest Michigan ($46.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.6m (8.1% of expenses). Other salaries and wages came to $24.5m. At year end it held assets of $25.0m against liabilities of $6.5m, net assets of $18.4m. It reported 556 employees.