Carying Place Incorporated

Analysis

Carying Place Incorporated is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Carying Place Incorporated reported income of $980k and spending of $732k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $617k to $980k (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carying Place Incorporated sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Colonial View Ltd ($980k), Domestic Abuse Support Center of Shawano County Inc ($980k) and Marbury Terrace Inc ($978k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $108k (15% of expenses). Other salaries and wages came to $266k. At year end it held assets of $3.6m against liabilities of $364k, net assets of $3.2m. It reported 12 employees.