Carolina Meadows Foundation Inc

Analysis

Carolina Meadows Foundation Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 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 ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carolina Meadows Foundation Inc reported income of $1.3m and spending of $630k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $1.3m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Meadows Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Variety the Childrens Charity of Texas ($1.3m), Assistance League of Boise Idaho Inc ($1.3m) and Windsor County Youth Services ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.3m against liabilities of $83k, net assets of $2.2m.