Sheets Adult Care Center

Analysis

Sheets Adult Care Center is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sheets Adult Care Center reported income of $428k and spending of $454k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $428k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheets Adult Care Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($428k), Whidbey Island Womens Clinic ($428k) and Hundred Club of N H Inc ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $362k against liabilities of $395k, net assets of -$33k. It reported 8 employees.