North Carolina African Services Coalition Inc

Analysis

North Carolina African Services Coalition Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Carolina African Services Coalition Inc reported income of $3.5m and spending of $2.8m, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $3.5m (+185%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 143%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Carolina African Services Coalition Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Food Bank of Lower Fairfield County Inc ($3.5m), Miss Major and Alexander L Lees Tgijp ($3.5m) and Master Cares Foundation Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (3.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.6m against liabilities of $88k, net assets of $1.5m. It reported 40 employees.