The Carousel Center Inc

Analysis

The Carousel Center Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 1998, 28 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 2024, The Carousel Center Inc reported income of $2.6m and spending of $2.9m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Carousel Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include The Georgia Wellness Group Inc ($2.6m), Anmed Health Foundation ($2.6m) and International Society for Advancement of Cytometry ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 14% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $597k, net assets of $1.6m. It reported 31 employees.