Cape Fear Group Homes Inc

Analysis

Cape Fear Group Homes Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Cape Fear Group Homes Inc reported income of $5.1m and spending of $4.5m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $5.1m (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cape Fear Group Homes Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Prevention Action Alliance ($5.1m), Childrens Harbor Inc ($5.1m) and Mercy Hospital Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $128k (2.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $3.5m against liabilities of $1.0m, net assets of $2.5m. It reported 134 employees.