Friends Foundation of the Carolinas
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO CREATE AND MAINTAIN A COMMUNITY SUPPORT SYSTEM TO HELP ENHANCE THE LIFE EXPERIENCE OF THOSE LIVING WITH NEUROMUSCULAR DISEASE.
- Income
- $679,527
- Spending
- $585,185
- Spent on programs
- 95%
- Reserves
- 7.8 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 1
- Volunteers
- 30
- Highest pay
- $57,500, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 83 out of 100. Higher than 63% of charities in its peer group (human services, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 7.8 months of spending.
Debt
10 of 20It owes 46% of what it owns.
Living within its means
15 of 15Income exceeded spending by 14% of income.
Income trend
15 of 15Income rose 15% on the year before.
Spending floor
15 of 1595% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 76 out of 100. Higher than 56% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, 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 (4)
- $377,561 spent. RECEIVED 17 APPLICATIONS REQUESTING ASSISTANCE, ALONG WITH 1 EMERGENCY REQUEST. THANKS TO THE GENEROSITY OF OUR SUPPORTERS, WE WERE ABLE TO FULFILL 8 OF THOSE 17 APPLICATIONS AND RESPOND TO THE EMERGENCY REQUEST AWARDING A TOTAL OF 9 GRANTS IN 2025.IN ALL, WE DISTRIBUTED $377,561 TO PROVIDE WHEELCHAIR-ACCESSIBLE VANS AND OTHER UNINSURED ACCESSIBILITY-RELATED SOLUTIONS FOR FAMILIES AND INDIVIDUALS LIVING WITH NEUROMUSCULAR DISEASE.
- $54,015 spent. WE HOSTED 5 FUN SOCIAL EVENTS FOR LOCAL FAMILIES LIVING WITH NEUROMUSCULAR DISEASE TO MAKE FRIENDS, AND FORM BONDS WITH OTHERS WHO ARE NAVIGATING SIMILAR CHALLENGES. EVENTS INCLUDED MUSIC TRIVIA, CHARLOTTE KNIGHTS BASEBALL, ACTIVITIES DAY AT CAMP BETHELWOODS, CAROLINA PANTHERS WATCH PARTY AND A HOLIDAY PARTY. 1K+ EVENT ATTENDEES.
- $63,753 spent. WE HOSTED A FAMILY CAMP WEEKEND FOR FAMILIES LIVING WITH NEUROMUSCULAR DISEASE AT VICTORY JUNCTION CAMP, OCT 10TH - 12TH. FAMILY CAMP WEEKEND, ALLOWS FAMILIES TO ENGAGE IN CAMP ACTIVITIES, SUCH AS HORSEBACK RIDING, BOWLING, FISHING, ARTS & CRAFTS, ZIPLINING, SWIMMING, ETC. WITHIN A MEDICALLY SAFE, STATE-OF-THE-ART FACILITY AND JUST HAVE FUN! LEAVING RESTRICTIONS THEY FACE BEHIND AS THE IMPOSSIBLE BECOMES POSSIBLE IN A FULLY ACCESSIBLE AND ADAPTIVELY EQUIPPED ENVIRONMENT. IN PARTNERSHIP WITH VICTORY JUNCTION, WE OFFER OPPORTUNITIES FOR PEOPLE LIVING WITH NEUROMUSCULAR DISEASE AND THEIR FAMILIES TO ATTEND A FREE FAMILY CAMP EXPERIENCE. 100 CAMP ATTENDEES
- $61,942 spent. OTHER RELATED PROGRAMS.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 October 13, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2022.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Foundation for the Carolinas (Charlotte, NC), EIN 56-6047886. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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.