Carolina Meadows Home Care Inc

Analysis

Carolina Meadows Home Care Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carolina Meadows Home Care Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.5m (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carolina Meadows Home Care Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Albert Lea Healthcare Coalition ($1.5m), Healthcare Ready ($1.5m) and Midwest Geriatrics Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $350k against liabilities of $129k, net assets of $221k. It reported 69 employees.