Cabarrus Healthcare Foundation

Analysis

Cabarrus Healthcare Foundation is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover health care, 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 December 2023, Cabarrus Healthcare Foundation reported income of $2.7m and spending of $1.1m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 55% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cabarrus Healthcare Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include New Futures Inc ($2.7m), Childrens Health Investment Program Inc ($2.7m) and Greater Baltimore Medical Center Land Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $26.9m against liabilities of $0, net assets of $26.9m.