Outer Banks Relief Foundation Inc

Analysis

Outer Banks Relief Foundation Inc is a registered charity in United States, based in Nags Head, NC. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Outer Banks Relief Foundation Inc reported income of $759k and spending of $722k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $932k to $759k (-19%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Outer Banks Relief Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include His Grace Foundation ($759k), Down Syndrome Association of Jacksonville Inc ($759k) and Allies Against Slavery ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 2.4% of the total. Other salaries and wages came to $104k. At year end it held assets of $1.9m against liabilities of $68k, net assets of $1.8m. It reported 3 employees.