Cary Imp Club Incorporated

Analysis

Cary Imp Club Incorporated is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 June 2024, Cary Imp Club Incorporated reported income of $296k and spending of $352k, spending 119% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $307k to $296k (-3.5%), an average of -0.7% a year. The sharpest change came in the year to June 2023, when income rose by 140%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cary Imp Club Incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include West Valley Symphony Association ($296k), California Association of Social Rehabilitation Agencies Inc ($296k) and Falls City Volunteer Fire Department ($296k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 64% of the total. At year end it held assets of $100k against liabilities of $2,664, net assets of $97k.