North Carolina Coastal Federation Inc

Analysis

North Carolina Coastal Federation Inc is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in January 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, North Carolina Coastal Federation Inc reported income of $13.6m and spending of $12.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $13.6m (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Coastal Federation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Precision Ocular Network ($13.6m), St Pauls School ($13.6m) and Community Action Partnership of Mid-Nebraska ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $187k (1.5% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $45.5m against liabilities of $966k, net assets of $44.5m. It reported 38 employees.