Conetoe Family Life Center Inc

Analysis

Conetoe Family Life Center Inc is a registered charity in United States, based in Conetoe, NC. It received its IRS tax-exemption ruling in May 2006, 20 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 December 2023, Conetoe Family Life Center Inc reported income of $647k and spending of $851k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $647k (+174%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 194%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Conetoe Family Life Center Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Albuquerque Youth Symphony Program Inc ($647k), The Red Lake Nation Boys and Girls Club of America ($648k) and Forest Hills Youth Athletic Association Inc ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $55k (6.5% of expenses). Other salaries and wages came to $190k. At year end it held assets of $266k against liabilities of $0, net assets of $266k. It reported 30 employees.