Carteret County Partnership for Children

Analysis

Carteret County Partnership for Children is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in April 2002, 24 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, Carteret County Partnership for Children reported income of $794k and spending of $807k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $752k to $794k (+5.6%), an average of +1.4% a year. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Carteret County Partnership for Children sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Boy Scouts of America ($794k), Friends of the Boys and Girls Clubs of Toledo ($794k) and Trips for Kids Marin ($794k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (8.6% of expenses). Other salaries and wages came to $186k. At year end it held assets of $99k against liabilities of $3,194, net assets of $96k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.