Cape Fear Valley Medical Foundation Inc

Analysis

Cape Fear Valley Medical Foundation Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in June 1996, 30 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 September 2022, Cape Fear Valley Medical Foundation Inc reported income of $3.3m and spending of $1.1m, leaving 68% of income unspent that year. Across the 4 years on record, from September 2019 to September 2022, income grew from $1.5m to $3.3m (+122%), an average of +30% a year. The sharpest change came in the year to September 2020, when income rose by 105%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cape Fear Valley Medical Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Young Mens Christian Association of Sumter S C ($3.3m), Northeast Kingdom Council on Aging ($3.3m) and Meals on Wheels of Greenville Inc ($3.3m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 80% of the total. At year end it held assets of $12.2m against liabilities of $16k, net assets of $12.2m.