Wake County Continuum of Care

Analysis

Wake County Continuum of Care is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wake County Continuum of Care reported income of $843k and spending of $1.1m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $538k to $843k (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wake County Continuum of Care sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Cleveland Manor II Inc ($843k), Goldenrod Regional Housing Agency ($843k) and Homeless Engagement & Lift Partnership ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $467k. At year end it held assets of $274k against liabilities of $64k, net assets of $210k. It reported 17 employees.