Carolinaeast Foundation

Analysis

Carolinaeast Foundation is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover health care, 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 June 2023, Carolinaeast Foundation reported income of $1.3m and spending of $1.7m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to June 2023, income fell from $1.8m to $1.3m (-27%), an average of -7.7% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carolinaeast Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Northeast Florida Area Health ($1.3m), Cornerstone Counseling Center of Ames Inc ($1.3m) and Crestmont Loft ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. At year end it held assets of $4.2m against liabilities of $279k, net assets of $3.9m.