Cape Fear Center for Inquiry

Analysis

Cape Fear Center for Inquiry is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cape Fear Center for Inquiry reported income of $5.1m and spending of $4.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.1m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape Fear Center for Inquiry sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Kappa Delta Foundation Inc ($5.1m), Seall Inc ($5.1m) and Austin International School Association ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $395k (8.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $9.6m against liabilities of $10.7m, net assets of -$1.1m. It reported 85 employees.