The Friends of Carl Sandburg at Connemara Inc

Analysis

The Friends of Carl Sandburg at Connemara Inc is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Friends of Carl Sandburg at Connemara Inc reported income of $111k and spending of $106k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $639k to $111k (-83%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Friends of Carl Sandburg at Connemara Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Choose Tallahassee Inc ($111k), Excelsior Christkindslmarkt ($111k) and Shalom Community Development Corporation of Greater Scranton ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $722k against liabilities of $0, net assets of $722k.