Childrens Council of Watauga County Inc

Analysis

Childrens Council of Watauga County Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in April 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Council of Watauga County Inc reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.2m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Council of Watauga County Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include African American Christian Foundation ($2.2m), Ephrata Recreation Center ($2.2m) and Firebird Community Arts ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $78k (3.4% of expenses). Other salaries and wages came to $683k. At year end it held assets of $435k against liabilities of $19k, net assets of $416k. It reported 30 employees.