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Regroup Carolinas

EIN 85-3371659 · Charlotte, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceWeak48 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION'S CHARITABLE PURPOSE IS TO RAISE MONEY FOR PUBLIC CHARITIES THAT OPERATE IN COMMUNITIES THROUGHOUT THE CAROLINAS. TO THAT END, THE ORGANIZATION WILL ENGAGE IN A VARIETY OF FUNDRAISING ACTIVITIES FOR THE BENEFIT OF LOCAL CHARITIES.

Income
$468,310
Spending
$223,452
Spent on programs
97%
Reserves
15.7 months of spending
Largest source of income
donations and private grants, 76%
Employees
0
Volunteers
7

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 94% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 15.7 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 52% of income.

  • Income trend

    15 of 15

    Income rose 288% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 48 out of 100. Higher than 7% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $110,543 spent. TO RAISE FUNDS THROUGH CONTRIBUTIONS AND FUNDRAISING EVENTS TO SUPPORT OTHER LOCAL 501(C)3 ORGANIZATIONS IN THE CAROLINAS WHICH DURING THE TAX YEAR INCLUDED CONTRIBUTING SUPPORT TO THE ROC CHARLOTTE, A NONPROFIT WHOSE MISSION IS TO EDUCATE AND MENTOR STUDENTS FOR TECHNICAL EDUCATION AND CAREER OPPORUNITIES IN THE CONSTRUCTION INDUSTRY IN THE AMOUNT OF 110,000.
  2. $10,000 spent. TO RAISE FUNDS THROUGH CONTRIBUTIONS AND FUNDRAISING EVENTS TO SUPPORT OTHER LOCAL 501(C)3 ORGANIZATIONS IN THE CAROLINAS WHICH DURING THE TAX YEAR INCLUDED CONTRIBUTING SUPPORT TO THE GOOD FELLOWS, AN ORGANIZATION WHICH PROVIDES EMERGENCY ASSISTANCE TO FAMILIES IN NEED IN THE AMOUNTS OF 10,000.
  3. $97,156 spent. TO RAISE FUNDS THROUGH CONTRIBUTIONS AND FUNDRAISING EVENTS TO SUPPORT OTHER LOCAL 501(C)3 ORGANIZATIONS IN THE CAROLINAS WHICH DURING THE TAX YEAR INCLUDED CONTRIBUTING SUPPORT FOR RELIEF EFFORT TO ASSIST SURVIVORS OF THE HURRICANE HELEN DISASTER IN THE AMOUNTS OF 97,156.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.