Carolina Caring Foundation Inc

Analysis

Carolina Caring Foundation Inc is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in November 2025. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carolina Caring Foundation Inc reported income of $2.4m and spending of $1.1m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Caring Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Angel Guardians Inc ($2.4m), Jewish Family Service of San Antonio Texas Inc ($2.4m) and Outreach Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $16.2m against liabilities of $1.2m, net assets of $15.0m.