C2life Foundation

Analysis

C2life Foundation is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, C2life Foundation reported income of $688k and spending of $197k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $688k (+871%), an average of +212% a year. The sharpest change came in the year to December 2023, when income rose by 502%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, C2life Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Red Barn Nursery School Inc ($688k), Four Seasons Villas Inc ($688k) and Watertown Christian School ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. At year end it held assets of $618k against liabilities of $94k, net assets of $524k.