George Washington Carver College Inc

Analysis

George Washington Carver College Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in October 2014, 12 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, George Washington Carver College Inc reported income of $114k and spending of $121k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $114k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income rose by 320%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, George Washington Carver College Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Escondido Senior Enterprises ($114k), Sounding Joy Inc ($114k) and Iron River Senior Citizens Council ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 9.3% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.

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.