Southeastern Wake Adult Day Care Center

Analysis

Southeastern Wake Adult Day Care Center is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Southeastern Wake Adult Day Care Center reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.5m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeastern Wake Adult Day Care Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Dakota County Agricultural Society ($1.5m), Isuroon ($1.5m) and Mercy Support Services ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $11k (0.9% of expenses). Other salaries and wages came to $843k. At year end it held assets of $416k against liabilities of $6,724, net assets of $410k. It reported 42 employees.