Fearrington Cares

Analysis

Fearrington Cares is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in September 1991, 35 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 December 2023, Fearrington Cares reported income of $266k and spending of $159k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $266k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fearrington Cares sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Where Grace Abounds Inc ($265k), Lake Region Hockey Association ($266k) and Friends of Guatemalan Children Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $50k (32% of expenses). Other salaries and wages came to $35k. At year end it held assets of $361k against liabilities of $0, net assets of $361k. It reported 6 employees.