Family Care Center of Catawba Valley Inc

Analysis

Family Care Center of Catawba Valley Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Care Center of Catawba Valley Inc reported income of $751k and spending of $493k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $751k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 165%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Care Center of Catawba Valley Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Sam Day Foundation ($751k), Simply Smiles Inc ($751k) and Progressive Alternative Living Inc ($750k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $56k (11% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.5m against liabilities of $423k, net assets of $2.0m. It reported 7 employees.