Carolina Community Impact Inc

Analysis

Carolina Community Impact Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Carolina Community Impact Inc reported income of $1.5m and spending of $595k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $267k to $1.5m (+451%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 879%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Community Impact Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Weston Wing Inc ($1.5m), Scarlet Hope Inc ($1.5m) and Uplift Afghanistan ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 8.4% of the total. Other salaries and wages came to $440k. At year end it held assets of $3.2m against liabilities of $1.6m, net assets of $1.5m.