Carolina Serves Inc

Analysis

Carolina Serves Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Carolina Serves Inc reported income of $152k and spending of $238k, spending 156% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $350k to $152k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolina Serves Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Fbcha ($152k), Inter Youth Soccer Club ($153k) and Central Chesterfield Little League ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.