North Carolina Harm Reduction Inc
North Carolina Harm Reduction Inc shows strong growth and zero reported officer compensation over a decade.
EIN: 203452075 · Wilmington, NC · NTEE: F01 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $832K |
| Transparency Score | 92/100 |
Is North Carolina Harm Reduction Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Carolina Harm Reduction Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Carolina Harm Reduction Inc
North Carolina Harm Reduction Inc (EIN: 203452075) is a nonprofit organization based in Wilmington, NC, classified under NTEE code F01. The organization reported total revenue of $4.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Harm Reduction Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Harm Reduction Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-56,484 |
| Total Assets | $832K |
| Net Assets | $832K |
| Operating Margin | -2.4% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, North Carolina Harm Reduction Inc reported a deficit of $56K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), North Carolina Harm Reduction Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +21.1% | +60.6% |
| 2022 | -8.5% | -2.3% | +10.9% |
| 2021 | +81.5% | +22.8% | +72.0% |
| 2020 | -41.9% | +5.5% | -61.5% |
| 2019 | +140.9% | +11.0% | +342.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 North Carolina Harm Reduction Inc 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, North Carolina Harm Reduction Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size and suggests a strong dedication to directing funds to programs or that key leadership roles are filled by volunteers or compensated through other means not classified as officer compensation.
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 North Carolina Harm Reduction Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in 2023 ($2,428,980 vs $2,372,496) and 2020 ($1,671,888 vs $1,238,714), requiring careful monitoring of financial sustainability.
Strengths
The following positive indicators were identified for North Carolina Harm Reduction Inc:
- Consistent and significant revenue growth over the past decade, from $276,774 in 2014 to $2,372,496 in 2023.
- Zero reported officer compensation across all 13 filings, indicating a strong commitment to program spending and transparency.
- Substantial growth in assets, from $129,363 in 2014 to $832,341 in 2023, enhancing long-term stability.
- Consistent filing of IRS 990s for 13 periods, demonstrating good governance and transparency.
- Maintained zero liabilities in most reported periods, indicating sound financial management.
Frequently Asked Questions about North Carolina Harm Reduction Inc
Is North Carolina Harm Reduction Inc a legitimate charity?
North Carolina Harm Reduction Inc (EIN: 203452075) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does North Carolina Harm Reduction Inc spend its money?
North Carolina Harm Reduction Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to North Carolina Harm Reduction Inc tax-deductible?
North Carolina Harm Reduction Inc is registered as a tax-exempt nonprofit (EIN: 203452075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Carolina Harm Reduction Inc's spending goes to programs?
North Carolina Harm Reduction Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Carolina Harm Reduction Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), North Carolina Harm Reduction Inc is above average for NTEE category F01 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Carolina Harm Reduction Inc located?
North Carolina Harm Reduction Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 203452075. It is classified under NTEE code F01.
How many years of IRS 990 filings does North Carolina Harm Reduction Inc have?
North Carolina Harm Reduction 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 $4.1M in total revenue.
Is North Carolina Harm Reduction Inc a good charity?
Based on the provided data, North Carolina Harm Reduction Inc appears to be a good charity. It demonstrates strong financial growth, a significant asset base, and a remarkable commitment to its mission by reporting zero officer compensation across all filings, suggesting a high proportion of funds are directed to programs.
How has the organization's revenue grown over time?
The organization has experienced substantial revenue growth, increasing from $276,774 in 2014 to $2,372,496 in 2023, indicating growing support and impact.
What is the trend in the organization's assets?
Assets have shown a consistent upward trend, growing from $129,363 in 2014 to $832,341 in 2023, reflecting increasing financial stability and capacity.
Does the organization compensate its officers?
According to the provided IRS 990 data, the organization has consistently reported 0% officer compensation across all 13 filings, which is a strong indicator of financial efficiency and a focus on program delivery.
Filing History
IRS 990 filing history for North Carolina Harm Reduction Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Carolina Harm Reduction Inc's revenue has grown by 1321.7%, moving from $167K to $2.4M. Total assets increased by 869.1% over the same period, from $86K to $832K. Total functional expenses rose by 1610.4%, from $142K to $2.4M. In its most recent filing year (2023), North Carolina Harm Reduction Inc reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.4M | $832K | $0 | — | — |
| 2022 | $2.1M | $2.0M | $518K | $0 | — | View 990 |
| 2021 | $2.2M | $2.1M | $467K | $0 | — | View 990 |
| 2020 | $1.2M | $1.7M | $272K | $0 | — | — |
| 2019 | $2.1M | $1.6M | $705K | $-608 | — | View 990 |
| 2018 | $884K | $1.4M | $159K | $0 | — | View 990 |
| 2017 | $1.1M | $960K | $702K | $0 | — | View 990 |
| 2016 | $992K | $767K | $546K | $0 | — | View 990 |
| 2015 | $554K | $363K | $321K | $0 | — | View 990 |
| 2014 | $277K | $270K | $129K | $0 | — | View 990 |
| 2013 | $389K | $336K | $123K | $0 | — | View 990 |
| 2012 | $235K | $246K | $70K | $0 | — | View 990 |
| 2011 | $167K | $142K | $86K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $832K (revenue +15.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $518K (revenue -8.5% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $467K (revenue +81.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.7M, and assets of $272K (revenue -41.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.6M, and assets of $705K (revenue +140.9% year-over-year).
- 2018: Revenue of $884K, expenses of $1.4M, and assets of $159K (revenue -20.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $960K, and assets of $702K (revenue +12.4% year-over-year).
- 2016: Revenue of $992K, expenses of $767K, and assets of $546K (revenue +79.0% year-over-year).
- 2015: Revenue of $554K, expenses of $363K, and assets of $321K (revenue +100.3% year-over-year).
- 2014: Revenue of $277K, expenses of $270K, and assets of $129K (revenue -28.8% year-over-year).
- 2013: Revenue of $389K, expenses of $336K, and assets of $123K (revenue +65.3% year-over-year).
- 2012: Revenue of $235K, expenses of $246K, and assets of $70K (revenue +40.9% year-over-year).
- 2011: Revenue of $167K, expenses of $142K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Harm Reduction Inc:
Data Sources and Methodology
This transparency report for North Carolina Harm Reduction 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.