Carenet Counseling of Wilkes Inc

Analysis

Carenet Counseling of Wilkes Inc is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Carenet Counseling of Wilkes Inc reported income of $52k and spending of $83k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $52k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 133% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carenet Counseling of Wilkes Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Interactive Media Institute ($52k), Helmt Medical Center Inc ($52k) and Costumes for a Cause ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.