Charity Search / CAPE FEAR MEMORIAL FOUNDATION
Philanthropy & Grantmaking (T22Z) 990 on File

CAPE FEAR MEMORIAL FOUNDATION

EIN: 56-1974747 · WILMINGTON, NC 28403-8703 · United States · FY 2024 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 92/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2024
$3.4M
Total Revenue
$4.2M
Total Expenses
$68.5M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 84.5%
Fundraising Efficiency N/A
Operating Reserve 193.55x
Liability-to-Asset 1.2%
Revenue Diversification 93.2%
Executive Compensation $160K
Compared with Peers
FY 2024
Compared with 5,337 similar organizations (United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
84.5% 90.9%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
193.6 mo 80.9 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
1.2% 0.0%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
93.2% 89.7%
P10P90
Below median
Revenue growth
Year over year revenue growth
82.8% 21.6%
P10P90
Expense growth
Year over year expense growth
38.5% 9.6%
P10P90
Surplus margin
Surplus as a share of revenue
-26.7% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.4M $4.2M $68.5M 84.5% —
2023 $1.8M $3.1M $63.3M 113.0% —
2022 $3.7M $3.3M $59.9M 96.2% —
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Organization Details
EIN
56-1974747
State
NC
City
WILMINGTON
ZIP
28403-8703
Classification
T22Z
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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