Stanly Adult Care Center Inc

Analysis

Stanly Adult Care Center Inc is a registered charity in United States, based in Albemarle, NC. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stanly Adult Care Center Inc reported income of $339k and spending of $183k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $339k (+989%), an average of +989% a year. The sharpest change came in the year to December 2023, when income rose by 989%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stanly Adult Care Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Jackson Center for Conductive Education ($339k), Love for Kids Inc ($339k) and Senior Services Consortium of Ramsey County ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (36% of expenses). At year end it held assets of $1.3m against liabilities of $922k, net assets of $410k. It reported 1 employees.