Big Brothers Big Sisters of Central Carolinas

Analysis

Big Brothers Big Sisters of Central Carolinas is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Big Brothers Big Sisters of Central Carolinas reported income of $1.6m and spending of $2.2m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.6m (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Brothers Big Sisters of Central Carolinas sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Keystone Sports & Enrichment Group ($1.6m), Boys & Girls Club of Watertown Inc ($1.6m) and Literacy for Environmental Justice ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $193k (8.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.1m against liabilities of $813k, net assets of $3.3m. It reported 35 employees.