Carolina Breast Friends Inc
Carolina Breast Friends Inc consistently generates revenue surpluses and maintains strong asset growth with no reported officer compensation.
EIN: 202460400 · Charlotte, NC · NTEE: G99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $593K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.5M |
| Transparency Score | 88/100 |
Is Carolina Breast Friends Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolina Breast Friends Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Breast Friends Inc
Carolina Breast Friends Inc (EIN: 202460400) is a nonprofit organization based in Charlotte, NC, classified under NTEE code G99. The organization reported total revenue of $1.0M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Breast Friends Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Breast Friends Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $743K |
| Total Expenses | $593K |
| Surplus / Deficit | +$151K |
| Total Assets | $1.5M |
| Total Liabilities | $15K |
| Net Assets | $1.5M |
| Operating Margin | 20.3% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 30.1 months |
Financial Health Grade: A
In 2023, Carolina Breast Friends Inc reported a surplus of $151K with revenue exceeding expenses, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carolina Breast Friends Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.2% | -16.1% | +11.2% |
| 2022 | +166.4% | +4.9% | -6.5% |
| 2021 | -59.1% | +18.3% | -5.9% |
| 2020 | +95.5% | +52.8% | +29.2% |
| 2019 | -37.5% | -38.3% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carolina Breast Friends Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Carolina Breast Friends Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $151K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer categories, which is highly unusual for an organization with over $1 million in annual revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Carolina Breast Friends Inc's IRS 990 filings:
- Unusually low reported liabilities in recent years compared to assets, which could warrant further investigation into financial reporting practices.
- Consistent 0% officer compensation for an organization of this size could indicate compensation is reported under other categories, or a highly unusual volunteer-led executive structure.
Strengths
The following positive indicators were identified for Carolina Breast Friends Inc:
- Consistent revenue generation and positive net income in most years, such as $743,446 revenue vs. $592,718 expenses in 2023.
- Strong asset growth from $1,028,548 in 2014 to $1,488,467 in 2023, indicating financial stability and reserves.
- Low liabilities, particularly in recent years (e.g., $14,727 in 2023), suggesting good debt management.
- Reported 0% officer compensation across all filings, potentially maximizing funds for program services.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and accountability.
Frequently Asked Questions about Carolina Breast Friends Inc
Is Carolina Breast Friends Inc a legitimate charity?
Carolina Breast Friends Inc (EIN: 202460400) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Carolina Breast Friends Inc spend its money?
Carolina Breast Friends Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Carolina Breast Friends Inc tax-deductible?
Carolina Breast Friends Inc is registered as a tax-exempt nonprofit (EIN: 202460400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carolina Breast Friends Inc CEO make?
Carolina Breast Friends Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carolina Breast Friends Inc's spending goes to programs?
Carolina Breast Friends Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carolina Breast Friends Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Carolina Breast Friends Inc is above average for NTEE category G99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carolina Breast Friends Inc located?
Carolina Breast Friends Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 202460400. It is classified under NTEE code G99.
How many years of IRS 990 filings does Carolina Breast Friends Inc have?
Carolina Breast Friends Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Carolina Breast Friends Inc a good charity?
Based on the financial data, Carolina Breast Friends Inc appears to be a good charity. It consistently generates revenue surpluses, has growing assets, and reports 0% officer compensation, indicating a strong focus on program efficiency and financial health.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Assets have grown from $1,028,548 in 2014 to $1,488,467 in 2023, and it has generally maintained a positive revenue-to-expense ratio, indicating healthy operations.
What is the significance of 0% officer compensation?
The reported 0% officer compensation across all filings is significant as it suggests that the organization's top leadership may be entirely volunteer, or compensated in ways not classified as officer compensation, potentially allowing more funds to be directed towards programs.
Filing History
IRS 990 filing history for Carolina Breast Friends Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carolina Breast Friends Inc's revenue has grown by 196.5%, moving from $251K to $743K. Total assets increased by 43.7% over the same period, from $1.0M to $1.5M. Total functional expenses rose by 265.6%, from $162K to $593K. In its most recent filing year (2023), Carolina Breast Friends Inc reported a surplus of $151K, with revenue exceeding expenses. The organization holds $15K in liabilities against $1.5M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $743K | $593K | $1.5M | $15K | — | — |
| 2022 | $944K | $707K | $1.3M | $16K | — | View 990 |
| 2021 | $354K | $674K | $1.4M | $346K | — | View 990 |
| 2020 | $867K | $569K | $1.5M | $116K | — | View 990 |
| 2019 | $444K | $373K | $1.2M | $70K | — | View 990 |
| 2018 | $710K | $604K | $1.1M | $87K | — | View 990 |
| 2017 | $813K | $528K | $1.2M | $229K | — | View 990 |
| 2016 | $548K | $431K | $1.1M | $469K | — | View 990 |
| 2015 | $296K | $280K | $1.0M | $498K | — | View 990 |
| 2014 | $221K | $207K | $1.0M | $517K | — | View 990 |
| 2013 | $253K | $218K | $1.0M | $542K | — | View 990 |
| 2012 | $196K | $196K | $1.0M | $557K | — | View 990 |
| 2011 | $251K | $162K | $1.0M | $572K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $743K, expenses of $593K, and assets of $1.5M (revenue -21.2% year-over-year).
- 2022: Revenue of $944K, expenses of $707K, and assets of $1.3M (revenue +166.4% year-over-year).
- 2021: Revenue of $354K, expenses of $674K, and assets of $1.4M (revenue -59.1% year-over-year).
- 2020: Revenue of $867K, expenses of $569K, and assets of $1.5M (revenue +95.5% year-over-year).
- 2019: Revenue of $444K, expenses of $373K, and assets of $1.2M (revenue -37.5% year-over-year).
- 2018: Revenue of $710K, expenses of $604K, and assets of $1.1M (revenue -12.7% year-over-year).
- 2017: Revenue of $813K, expenses of $528K, and assets of $1.2M (revenue +48.5% year-over-year).
- 2016: Revenue of $548K, expenses of $431K, and assets of $1.1M (revenue +84.8% year-over-year).
- 2015: Revenue of $296K, expenses of $280K, and assets of $1.0M (revenue +34.0% year-over-year).
- 2014: Revenue of $221K, expenses of $207K, and assets of $1.0M (revenue -12.5% year-over-year).
- 2013: Revenue of $253K, expenses of $218K, and assets of $1.0M (revenue +29.0% year-over-year).
- 2012: Revenue of $196K, expenses of $196K, and assets of $1.0M (revenue -21.9% year-over-year).
- 2011: Revenue of $251K, expenses of $162K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Breast Friends Inc:
Data Sources and Methodology
This transparency report for Carolina Breast Friends Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.