Carolina Catholic Radio Network

Analysis

Carolina Catholic Radio Network is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Carolina Catholic Radio Network reported income of $54k and spending of $70k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $54k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Catholic Radio Network sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Kiwanis Club of Manhasset-Port Washington Foundation Inc ($54k), Samaritan Foundation ($54k) and Greater Things Outreach Center ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,288 against liabilities of $78k, net assets of -$69k.