Refugee Support Services Of Thecarolinas Inc
Refugee Support Services Of Thecarolinas Inc shows strong revenue growth and no reported officer compensation.
EIN: 205972063 · Charlotte, NC · NTEE: P99 · Updated: 2026-03-28
Is Refugee Support Services Of Thecarolinas Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Refugee Support Services Of Thecarolinas Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Refugee Support Services Of Thecarolinas Inc
Refugee Support Services Of Thecarolinas Inc (EIN: 205972063) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P99. The organization reported total revenue of $1.5M and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Refugee Support Services Of Thecarolinas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Refugee Support Services Of Thecarolinas Inc is a mid-size nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 26.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$3K |
| Total Assets | $666K |
| Total Liabilities | $44K |
| Net Assets | $621K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Refugee Support Services Of Thecarolinas Inc reported a surplus of $3K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Refugee Support Services Of Thecarolinas Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.2% | +52.8% | +6.2% |
| 2022 | +11.4% | +23.4% | +11.4% |
| 2021 | -24.6% | -12.9% | +23.3% |
| 2020 | +95.5% | +56.8% | +121.6% |
| 2019 | +2.5% | -7.7% | +32.1% |
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 Refugee Support Services Of Thecarolinas 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Refugee Support Services Of Thecarolinas Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are being used for executive salaries, which is highly favorable for program efficiency.
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.
Strengths
The following positive indicators were identified for Refugee Support Services Of Thecarolinas Inc:
- Strong and consistent revenue growth (from $223,258 in 2016 to $1,171,704 in 2023).
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Healthy asset growth over time (from $87,074 in 2016 to $665,661 in 2023).
- Low liabilities relative to assets, suggesting financial stability.
- Expenses generally track closely with revenue, indicating sound financial management.
Frequently Asked Questions about Refugee Support Services Of Thecarolinas Inc
Is Refugee Support Services Of Thecarolinas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Refugee Support Services Of Thecarolinas Inc (EIN: 205972063) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Refugee Support Services Of Thecarolinas Inc spend its money?
Refugee Support Services Of Thecarolinas Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Refugee Support Services Of Thecarolinas Inc tax-deductible?
Refugee Support Services Of Thecarolinas Inc is registered as a tax-exempt nonprofit (EIN: 205972063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Refugee Support Services Of Thecarolinas Inc a good charity?
Based on the provided data, Refugee Support Services Of Thecarolinas Inc appears to be a good charity. It demonstrates strong financial growth, maintains low liabilities, and consistently reports 0% officer compensation, suggesting a high dedication to its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, increasing from $223,258 in 2016 to $1,171,704 in 2023, representing over a 400% increase.
What is the trend in the organization's assets?
Assets have shown a strong upward trend, growing from $87,074 in 2016 to $665,661 in 2023, indicating increasing financial capacity and stability.
Filing History
IRS 990 filing history for Refugee Support Services Of Thecarolinas Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Refugee Support Services Of Thecarolinas Inc's revenue has grown by 424.8%, moving from $223K to $1.2M. Total assets increased by 664.5% over the same period, from $87K to $666K. Total functional expenses rose by 515.6%, from $190K to $1.2M. In its most recent filing year (2023), Refugee Support Services Of Thecarolinas Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $44K in liabilities against $666K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $621K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $666K | $44K | — | View 990 |
| 2022 | $785K | $765K | $627K | $36K | — | View 990 |
| 2021 | $705K | $620K | $563K | $21K | — | View 990 |
| 2020 | $935K | $711K | $456K | $0 | — | View 990 |
| 2019 | $478K | $454K | $206K | $333 | — | View 990 |
| 2018 | $466K | $492K | $156K | $2K | — | View 990 |
| 2017 | $451K | $369K | $168K | $-97 | — | View 990 |
| 2016 | $223K | $190K | $87K | $580 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $666K (revenue +49.2% year-over-year).
- 2022: Revenue of $785K, expenses of $765K, and assets of $627K (revenue +11.4% year-over-year).
- 2021: Revenue of $705K, expenses of $620K, and assets of $563K (revenue -24.6% year-over-year).
- 2020: Revenue of $935K, expenses of $711K, and assets of $456K (revenue +95.5% year-over-year).
- 2019: Revenue of $478K, expenses of $454K, and assets of $206K (revenue +2.5% year-over-year).
- 2018: Revenue of $466K, expenses of $492K, and assets of $156K (revenue +3.5% year-over-year).
- 2017: Revenue of $451K, expenses of $369K, and assets of $168K (revenue +101.9% year-over-year).
- 2016: Revenue of $223K, expenses of $190K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Refugee Support Services Of Thecarolinas Inc:
Data Sources and Methodology
This transparency report for Refugee Support Services Of Thecarolinas 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.