Carolina Cross Connection Inc

Analysis

Carolina Cross Connection Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carolina Cross Connection Inc reported income of $861k and spending of $837k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $953k to $861k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to September 2021, when income rose by 83%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carolina Cross Connection Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Hip Housing Affordable Ventures Inc Hhav ($861k), Plaza View Inc ($861k) and Epworth Housing Foundation Cpe ($861k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $272k. At year end it held assets of $35k against liabilities of $162k, net assets of -$127k. It reported 30 employees.