FC Carolinas

Analysis

FC Carolinas is a registered charity in United States, based in Hertford, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. 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, FC Carolinas reported income of $517k and spending of $497k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $327k to $517k (+58%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FC Carolinas 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 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Mo Hock Ke Lock Bo Mun Lun School ($517k), Ashaway Ambulance Association Inc ($517k) and Steamboat Springs Council of the Arts and Humanities ($517k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (2.9% of expenses). Other salaries and wages came to $177k. At year end it held assets of $188k against liabilities of $0, net assets of $188k. It reported 5 employees.