Carolina Adoption Services Inc

Analysis

Carolina Adoption Services Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1994, 32 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, Carolina Adoption Services Inc reported income of $275k and spending of $423k, spending 154% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $779k to $275k (-65%), an average of -19% a year. The sharpest change came in the year to August 2023, when income rose by 107%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Adoption Services Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Rains County Good Samaritans ($275k), Culinary Angels ($275k) and Anuja Sa Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 77% of the total. Other salaries and wages came to $281k. At year end it held assets of $286k against liabilities of $563k, net assets of -$277k. It reported 59 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.