Wilmington Carenet Counseling Center Inc
Wilmington Carenet Counseling Center Inc maintains stable finances with no reported officer compensation.
EIN: 203220796 · Wilmington, NC · NTEE: F30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $185K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $194,387 |
| Net Assets | $244K |
| Transparency Score | 90/100 |
Is Wilmington Carenet Counseling Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilmington Carenet Counseling Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilmington Carenet Counseling Center Inc
Wilmington Carenet Counseling Center Inc (EIN: 203220796) is a nonprofit organization based in Wilmington, NC, classified under NTEE code F30. The organization reported total revenue of $194K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmington Carenet Counseling Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmington Carenet Counseling Center Inc is a small 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 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $184K |
| Total Expenses | $185K |
| Surplus / Deficit | $-1,321 |
| Total Assets | $249K |
| Total Liabilities | $5K |
| Net Assets | $244K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 16.2 months |
Financial Health Grade: B
In 2023, Wilmington Carenet Counseling Center Inc reported a deficit of $1K with expenses exceeding revenue, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilmington Carenet Counseling Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.1% | +54.8% | -0.4% |
| 2022 | +31.1% | -22.6% | +64.2% |
| 2021 | -10.6% | -0.8% | +8.3% |
| 2020 | +13.9% | +5.2% | +26.5% |
| 2019 | +17.3% | +26.0% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| 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 Wilmington Carenet Counseling Center Inc with a Mission Score of 90 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, Wilmington Carenet Counseling Center 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 deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size (latest revenue $194,387).
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 Wilmington Carenet Counseling Center Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Healthy growth in assets from $63,706 in 2015 to $249,494 in 2023, demonstrating financial stability.
- Low liabilities relative to assets, indicating strong financial management and solvency.
- Consistent revenue generation over the past decade, showing stable donor support or service demand.
Frequently Asked Questions about Wilmington Carenet Counseling Center Inc
Is Wilmington Carenet Counseling Center Inc a legitimate charity?
Wilmington Carenet Counseling Center Inc (EIN: 203220796) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Wilmington Carenet Counseling Center Inc spend its money?
Wilmington Carenet Counseling Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wilmington Carenet Counseling Center Inc tax-deductible?
Wilmington Carenet Counseling Center Inc is registered as a tax-exempt nonprofit (EIN: 203220796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wilmington Carenet Counseling Center Inc CEO make?
Wilmington Carenet Counseling Center Inc's highest-compensated officer earns $194,387 annually. The organization reported $194K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wilmington Carenet Counseling Center Inc's spending goes to programs?
Wilmington Carenet Counseling Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilmington Carenet Counseling Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Wilmington Carenet Counseling Center Inc is above average for NTEE category F30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wilmington Carenet Counseling Center Inc located?
Wilmington Carenet Counseling Center Inc is headquartered in Wilmington, North Carolina and files with the IRS under EIN 203220796. It is classified under NTEE code F30.
How many years of IRS 990 filings does Wilmington Carenet Counseling Center Inc have?
Wilmington Carenet Counseling Center 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 $194K in total revenue.
Is Wilmington Carenet Counseling Center Inc a good charity?
Based on the available financial data, Wilmington Carenet Counseling Center Inc appears to be a well-managed charity. It consistently reports zero officer compensation, maintains a healthy asset base, and generally operates with revenues covering expenses, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent growth in both revenue and assets over the past decade. Revenue increased from $118,607 in 2015 to $183,793 in 2023, and assets grew significantly from $63,706 to $249,494 in the same period, indicating improving financial health and capacity.
What is the organization's approach to executive compensation?
Wilmington Carenet Counseling Center Inc reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This demonstrates a strong commitment to directing all available funds towards program services and operational needs rather than executive salaries.
Filing History
IRS 990 filing history for Wilmington Carenet Counseling Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilmington Carenet Counseling Center Inc's revenue has grown by 63.1%, moving from $113K to $184K. Total assets increased by 343.5% over the same period, from $56K to $249K. Total functional expenses rose by 71.7%, from $108K to $185K. In its most recent filing year (2023), Wilmington Carenet Counseling Center Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $5K in liabilities against $249K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $244K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $184K | $185K | $249K | $5K | — | — |
| 2022 | $217K | $120K | $251K | $5K | — | View 990 |
| 2021 | $165K | $155K | $153K | $4K | — | View 990 |
| 2020 | $185K | $156K | $141K | $3K | — | View 990 |
| 2019 | $162K | $148K | $111K | $2K | — | View 990 |
| 2018 | $138K | $118K | $100K | $5K | — | View 990 |
| 2017 | $139K | $125K | $92K | $17K | — | View 990 |
| 2016 | $126K | $125K | $69K | $8K | — | View 990 |
| 2015 | $119K | $120K | $64K | $4K | — | View 990 |
| 2014 | $123K | $119K | $66K | $4K | — | View 990 |
| 2013 | $120K | $119K | $58K | $1K | — | View 990 |
| 2012 | $123K | $119K | $57K | $1K | — | View 990 |
| 2011 | $113K | $108K | $56K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $184K, expenses of $185K, and assets of $249K (revenue -15.1% year-over-year).
- 2022: Revenue of $217K, expenses of $120K, and assets of $251K (revenue +31.1% year-over-year).
- 2021: Revenue of $165K, expenses of $155K, and assets of $153K (revenue -10.6% year-over-year).
- 2020: Revenue of $185K, expenses of $156K, and assets of $141K (revenue +13.9% year-over-year).
- 2019: Revenue of $162K, expenses of $148K, and assets of $111K (revenue +17.3% year-over-year).
- 2018: Revenue of $138K, expenses of $118K, and assets of $100K (revenue -0.4% year-over-year).
- 2017: Revenue of $139K, expenses of $125K, and assets of $92K (revenue +9.9% year-over-year).
- 2016: Revenue of $126K, expenses of $125K, and assets of $69K (revenue +6.5% year-over-year).
- 2015: Revenue of $119K, expenses of $120K, and assets of $64K (revenue -3.9% year-over-year).
- 2014: Revenue of $123K, expenses of $119K, and assets of $66K (revenue +2.8% year-over-year).
- 2013: Revenue of $120K, expenses of $119K, and assets of $58K (revenue -2.0% year-over-year).
- 2012: Revenue of $123K, expenses of $119K, and assets of $57K (revenue +8.7% year-over-year).
- 2011: Revenue of $113K, expenses of $108K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmington Carenet Counseling Center Inc:
Data Sources and Methodology
This transparency report for Wilmington Carenet Counseling Center 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.