Carolina Federation Fund

Analysis

Carolina Federation Fund is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Carolina Federation Fund reported income of $1.3m and spending of $773k, leaving 40% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $366k to $1.3m (+253%), an average of +88% a year. The sharpest change came in the year to June 2022, when income rose by 248%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carolina Federation Fund sits at the 78th percentile: it is larger than about 78% 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 Food Recovery Network Inc ($1.3m), His Little Feet ($1.3m) and Episcopal Kyle Home Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $420k. At year end it held assets of $1.3m against liabilities of $5,039, net assets of $1.3m.