Cape Fear Studios Incorporated

Analysis

Cape Fear Studios Incorporated is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in May 1990, 36 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 June 2024, Cape Fear Studios Incorporated reported income of $77k and spending of $65k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $55k to $77k (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cape Fear Studios Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Grace Episcopal Church Foundation ($77k), The Salem High School Performing Arts Music Club Inc ($77k) and Galena Education Foundation ($77k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 61% of the total. At year end it held assets of $42k against liabilities of $809, net assets of $42k.