Carolina Meadows Inc

Analysis

Carolina Meadows Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Carolina Meadows Inc reported income of $48.7m and spending of $46.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $39.3m to $48.7m (+24%), an average of +5.5% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Meadows Inc 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 CDS Life Transitions Inc ($48.7m), Otterbein Lebanon ($48.8m) and The Riverwoods Company at Exeter New Hampshire ($48.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $891k (1.9% of expenses). Other salaries and wages came to $19.4m. At year end it held assets of $155.7m against liabilities of $207.2m, net assets of -$51.5m. It reported 643 employees.