Carolina Country Club Foundation Inc

Analysis

Carolina Country Club Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Country Club Foundation Inc reported income of $432k and spending of $55k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $432k (+581%), an average of +580% a year. The sharpest change came in the year to December 2023, when income rose by 581%. Over the whole period it spent 11% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Carolina Country Club Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Common Good ($432k), Manna International Inc ($432k) and The Friendship Paddle ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $440k against liabilities of $0, net assets of $440k.