Regroup Carolinas

Analysis

Regroup Carolinas is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Regroup Carolinas reported income of $121k and spending of $120k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $121k (+162%), an average of +162% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Regroup Carolinas sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Mobile Supported Living Inc ($121k), Crawford Commons Apartments Inc ($121k) and Heritage Village of Paris Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.9% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.