The North Carolina Community Action Association

Analysis

The North Carolina Community Action Association is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 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 December 2023, The North Carolina Community Action Association reported income of $6.3m and spending of $7.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The North Carolina Community Action Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Licking County Aging Program Inc ($6.3m), Public Policy and Education Fund of New York Inc ($6.3m) and Cayuga Counseling Services Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $224k (3.1% of expenses). Other salaries and wages came to $460k. At year end it held assets of $6.3m against liabilities of $5.5m, net assets of $790k. It reported 14 employees.