Carolina Foothills Foundation

Analysis

Carolina Foothills Foundation is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in January 1983, 43 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 December 2023, Carolina Foothills Foundation reported income of $2.4m and spending of $5.3m, spending 218% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.4m to $2.4m (-84%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Foothills Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Polk Burnett Payee Inc ($2.4m), Northeast Native Network of Kinship and Healing Incorporated ($2.4m) and Kent Food Bank and Emergency Services ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $216k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $63.5m against liabilities of $154k, net assets of $63.4m. It reported 64 employees.