The North Carolina Writers Network Inc

Analysis

The North Carolina Writers Network Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 June 2023, The North Carolina Writers Network Inc reported income of $332k and spending of $329k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $295k to $332k (+12%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The North Carolina Writers Network Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($332k), Ormond Beach Soccer Club Inc ($332k) and Areawide Business Council Incorporated ($332k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $69k (21% of expenses). Other salaries and wages came to $77k. At year end it held assets of $339k against liabilities of $1,482, net assets of $338k. It reported 5 employees.