The Carolina Civic Center Foundation Inc

Analysis

The Carolina Civic Center Foundation Inc is a registered charity in United States, based in Lumberton, NC. It received its IRS tax-exemption ruling in August 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2024, The Carolina Civic Center Foundation Inc reported income of $1.2m and spending of $628k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $565k to $1.2m (+107%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Carolina Civic Center Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Southern Colorado Economic Development District Inc ($1.2m), Florida Governors Council on Indian ($1.2m) and In Her Presence ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $209k (33% of expenses). Other salaries and wages came to $17k. At year end it held assets of $3.0m against liabilities of $15k, net assets of $3.0m. It reported 7 employees.