Tarboro Community Outreach Inc

Analysis

Tarboro Community Outreach Inc is a registered charity in United States, based in Tarboro, NC. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Tarboro Community Outreach Inc reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tarboro Community Outreach Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Senior Isle Inn Inc ($2.0m) and Castle Cares Community Ministries ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $121k. At year end it held assets of $1.0m against liabilities of $2,637, net assets of $1.0m. It reported 7 employees.