Raise a Child Carolinas

Analysis

Raise a Child Carolinas is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2019, 7 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 September 2023, Raise a Child Carolinas reported income of $389k and spending of $381k, spending 98% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $17k to $389k (+2231%), an average of +186% a year. The sharpest change came in the year to September 2021, when income rose by 724%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raise a Child Carolinas sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Public Education Foundation Inc ($389k), Memakon Inc ($389k) and Rhinelander Area Scholarship Foundation Inc ($389k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). Other salaries and wages came to $217k. At year end it held assets of $6,708 against liabilities of $11k, net assets of -$4,251. It reported 33 employees.