Futurecare of North Carolina Inc

Analysis

Futurecare of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Futurecare of North Carolina Inc reported income of $719k and spending of $750k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $922k to $719k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Futurecare of North Carolina Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include The Academy of Coastal Carolina Inc ($719k), Aequitas Education ($719k) and Alice King Community School Foundation ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $337k against liabilities of $239k, net assets of $98k.