Carolina Family Connections
Carolina Family Connections consistently operates with strong program spending and no reported officer compensation.
EIN: 205541568 · Charlotte, NC · NTEE: P32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $767K |
| Total Expenses | $734K |
| Program Spending | 90% |
| Net Assets | $213K |
| Transparency Score | 92/100 |
Is Carolina Family Connections Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolina Family Connections directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Family Connections
Carolina Family Connections (EIN: 205541568) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P32. The organization reported total revenue of $767K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Family Connections's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Family Connections is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $814K |
| Total Expenses | $734K |
| Surplus / Deficit | +$80K |
| Total Assets | $218K |
| Total Liabilities | $5K |
| Net Assets | $213K |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2024, Carolina Family Connections reported a surplus of $80K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Carolina Family Connections's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +38.9% | +26.2% | +133.3% |
| 2022 | -100.0% | -100.0% | -100.0% |
| 2021 | +0.0% | -10.5% | +14.4% |
| 2020 | -25.4% | -30.0% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Family Connections with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Carolina Family Connections allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Carolina Family Connections consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led or very lean leadership structure.
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 Family Connections's IRS 990 filings:
- Anomaly of $0 revenue and expenses reported in Period 202206 filing.
Strengths
The following positive indicators were identified for Carolina Family Connections:
- Consistent reporting of 0% officer compensation, indicating high dedication of funds to mission.
- Strong program spending efficiency, with expenses closely tracking revenue.
- Healthy asset growth and low liabilities in recent periods (e.g., Assets $217,925, Liabilities $4,525 in 202406).
- Consistent revenue generation over multiple years, demonstrating financial stability.
Frequently Asked Questions about Carolina Family Connections
Is Carolina Family Connections a legitimate charity?
Carolina Family Connections (EIN: 205541568) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $767K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Carolina Family Connections spend its money?
Carolina Family Connections directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Carolina Family Connections tax-deductible?
Carolina Family Connections is registered as a tax-exempt nonprofit (EIN: 205541568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carolina Family Connections's spending goes to programs?
Carolina Family Connections directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carolina Family Connections compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Carolina Family Connections is above average for NTEE category P32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carolina Family Connections located?
Carolina Family Connections is headquartered in Charlotte, North Carolina and files with the IRS under EIN 205541568. It is classified under NTEE code P32.
How many years of IRS 990 filings does Carolina Family Connections have?
Carolina Family Connections has 14 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 $767K in total revenue.
How does Carolina Family Connections manage to operate without any reported officer compensation?
The filings consistently show 0% officer compensation, which could indicate a fully volunteer-led executive team or that executive functions are covered by staff salaries not categorized as 'officer compensation' in the 990, or through other means. This is a notable aspect of their financial structure.
What caused the $0 revenue and expenses reported in Period 202206?
The filing for Period 202206 shows $0 revenue and expenses, and only $1 in assets. This is an anomaly in their filing history and could be due to a reporting error, a temporary dormancy, or a specific filing requirement that resulted in a blank return for that period. It deviates significantly from their typical financial activity.
What is the organization's strategy for managing liabilities, which have fluctuated?
Liabilities have varied, from $0 in 201506 to $41,721 in 201806, and are currently low at $4,525 in 202406. The organization appears to manage its liabilities effectively, keeping them at a manageable level relative to its assets and revenue, indicating good financial stewardship.
Filing History
IRS 990 filing history for Carolina Family Connections showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Carolina Family Connections's revenue has grown by 133.2%, moving from $349K to $814K. Total assets increased by 2487.6% over the same period, from $8K to $218K. Total functional expenses rose by 96%, from $374K to $734K. In its most recent filing year (2024), Carolina Family Connections reported a surplus of $80K, with revenue exceeding expenses. The organization holds $5K in liabilities against $218K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $213K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $814K | $734K | $218K | $5K | — | View 990 |
| 2023 | $586K | $581K | $93K | $13K | — | View 990 |
| 2022 | $0 | $0 | $1 | $0 | — | View 990 |
| 2021 | $586K | $504K | $93K | $13K | — | View 990 |
| 2020 | $586K | $563K | $82K | $13K | — | View 990 |
| 2019 | $785K | $804K | $76K | $31K | — | View 990 |
| 2018 | $787K | $865K | $105K | $42K | — | View 990 |
| 2017 | $893K | $852K | $149K | $18K | — | View 990 |
| 2016 | $861K | $818K | $114K | $23K | — | View 990 |
| 2015 | $719K | $733K | $45K | $0 | — | View 990 |
| 2014 | $596K | $529K | $72K | $0 | — | View 990 |
| 2013 | $589K | $450K | $76K | $32K | — | View 990 |
| 2012 | $353K | $336K | $22K | $109K | — | View 990 |
| 2011 | $349K | $374K | $8K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $814K, expenses of $734K, and assets of $218K (revenue +38.9% year-over-year).
- 2023: Revenue of $586K, expenses of $581K, and assets of $93K.
- 2022: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2021: Revenue of $586K, expenses of $504K, and assets of $93K (revenue +0.0% year-over-year).
- 2020: Revenue of $586K, expenses of $563K, and assets of $82K (revenue -25.4% year-over-year).
- 2019: Revenue of $785K, expenses of $804K, and assets of $76K (revenue -0.2% year-over-year).
- 2018: Revenue of $787K, expenses of $865K, and assets of $105K (revenue -11.8% year-over-year).
- 2017: Revenue of $893K, expenses of $852K, and assets of $149K (revenue +3.7% year-over-year).
- 2016: Revenue of $861K, expenses of $818K, and assets of $114K (revenue +19.6% year-over-year).
- 2015: Revenue of $719K, expenses of $733K, and assets of $45K (revenue +20.7% year-over-year).
- 2014: Revenue of $596K, expenses of $529K, and assets of $72K (revenue +1.2% year-over-year).
- 2013: Revenue of $589K, expenses of $450K, and assets of $76K (revenue +66.9% year-over-year).
- 2012: Revenue of $353K, expenses of $336K, and assets of $22K (revenue +1.1% year-over-year).
- 2011: Revenue of $349K, expenses of $374K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Family Connections:
Data Sources and Methodology
This transparency report for Carolina Family Connections 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.