Carolina Family Health Centers Inc

Analysis

Carolina Family Health Centers Inc is a registered charity in United States, based in Wilson, NC. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carolina Family Health Centers Inc reported income of $55.5m and spending of $37.8m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $31.0m to $55.5m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Family Health Centers Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Dominican University New York ($55.3m), Neighborhood Health Center of Wny Inc ($55.7m) and Sixteenth Street Community Health Centers Inc ($55.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $1.5m (3.9% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $79.8m against liabilities of $2.9m, net assets of $76.9m. It reported 280 employees.