Cabarrus Victims Assistance Network

Analysis

Cabarrus Victims Assistance Network is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Cabarrus Victims Assistance Network reported income of $2.5m and spending of $1.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cabarrus Victims Assistance Network sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Volunteers of America Inc ($2.5m), Jersey Cares Inc ($2.5m) and Young Mens Christian Association Inc-Randolp-Asheboro ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $119k (6.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.9m against liabilities of $44k, net assets of $5.9m. It reported 39 employees.