Carolina for Kibera Inc

Analysis

Carolina for Kibera Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Carolina for Kibera Inc reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $931k to $1.1m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 856%. Over the whole period it spent 75% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Carolina for Kibera Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Ethiopia Health Aid Inc ($1.1m), World Harvest Missions Outreach Inc ($1.1m) and Us-Mexico Border Philanthropy Partnership ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $155k (15% of expenses). Other salaries and wages came to $125k. At year end it held assets of $5.5m against liabilities of $47k, net assets of $5.4m. It reported 6 employees.