Cape Fear Tutoring Inc

Analysis

Cape Fear Tutoring Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 1985, 41 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 September 2023, Cape Fear Tutoring Inc reported income of $18.2m and spending of $18.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.8m to $18.2m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to September 2020, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Fear Tutoring Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Benedictine Living Communities - Bismarck Inc ($18.2m), YMCA of Greater Flint ($18.2m) and Garvey Manor Nursing Home ($18.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $427k (2.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $2.0m, net assets of $498k. It reported 31 employees.