Big Brothers-Big Sisters of Western North Carolina Inc

Analysis

Big Brothers-Big Sisters of Western North Carolina Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in November 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 June 2023, Big Brothers-Big Sisters of Western North Carolina Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers-Big Sisters of Western North Carolina Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Key Largo Volunteer Fire Department Inc ($1.9m), Habitat for Humanity International Inc ($1.9m) and S W Pitts Hose Company of Latham Ny Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $91k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $444k against liabilities of $110k, net assets of $334k. It reported 68 employees.