Figs of Wake County Inc

Analysis

Figs of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1982, 44 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, Figs of Wake County Inc reported income of $270k and spending of $265k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $270k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Figs of Wake County Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Community Mediation Center ($270k), CSB Youth Hockey Association Inc ($270k) and Village Thrift Shop Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $24k (9.0% of expenses). At year end it held assets of $179k against liabilities of $5,764, net assets of $173k.