Neighborhood Care Center Inc

Analysis

Neighborhood Care Center Inc is a registered charity in United States, based in Cornelius, NC. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Neighborhood Care Center Inc reported income of $524k and spending of $493k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $524k (+340%), an average of +340% a year. The sharpest change came in the year to December 2023, when income rose by 340%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Neighborhood Care Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Tzdaka Foundation Inc ($524k), Lyles Foundation ($525k) and Heart of Cabi Foundation Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $60k (12% of expenses). Other salaries and wages came to $25k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 1 employees.