North Carolina · Nonprofit
CARENET INC
CARENET INC (North Carolina) receives grants from 4 organizations whose IRS filings report $150,855 to it, the largest being NORTH CAROLINA ASSOCIATION OF FREE AND CHARITABLE CLINICS INC ($127,105). 1 of them have funded it in more than one year.
- Revenue FY2024
- $5.7M
- Funders on record
- 4
- Grants received
- $151k
- Net assets
- $-1630323
What Carenet Inc does
Mission
Our dedication to elevating health care for every individual, every teammate and every community is unwavering. We won't stop until everyone - no matter who they are or where they come - from has the possibility to live well. And because of this, we are redefining why we exist, our purpose as an organization and how we make it happen together as one.our purpose: from discovery to everyday moments, we're redefining care.our commitments are the promises our teammates make to fulfill our purpose.-lift everyone up: we believe everyone matters and create spaces where all belong and can thrive.-lead the way: we chart new paths to achieve the extraordinary.-think boldly together: we collaborate with humility, turning the best ideas into new possibilities.-embrace the unknown: we drive change through fearless curiosity and unshakeable optimism.
As stated on its FY2024 Form 990.
Program
Carenet is a statewide, client-centered counseling network comprised of highly skilled and compassionate mental health therapists. The organization provided 42,841 sessions of mental health counseling through approximately 9 locations across the state of north carolina during the tax year ending december 31, 2023. Carenet's state-licensed therapists and residents offer a wide range of evidence-based counseling services to individuals, families, and groups. The organization's work is designed around caring, nurturing, healing, and restoring individuals, families, and couples.
$5,705,006 spent$5,126,445 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $5,705,006.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $2.0M to $3.0M (+53%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 10%. Grants only. Government contracts and fees sit inside program revenue.
3% of CARENET INC’s revenue is contributions — about as donation-reliant as the typical peer (16% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Terry G Williams
Chair (to 2/1/24)
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $1k → $36k.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $463k from 3 payers (the payer shares this organization's board, largest North Carolina Baptist Hospital). These are real filings, and they are not money CARENET INC raised.
From the IRS filings of CARENET INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
CARENET INC leans on a few funders — its largest provides 84% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CARENET INC.
Largest funder’s share by year: 2018 100% · 2020 100% · 2022 100% · 2023 86% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of CARENET INC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $5k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CARENET INC's funding base is broadening — from 1 funders to 2 as grant income climbed.
this organization peer median middle 50% of peers· 1,551 employment nonprofits $1M–$10M, FY2024
Organizations like CARENET INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 4 related entities
- Wake Wellq LLC · disregarded
- North Carolina Baptist Hospital · exempt
- North Carolina Baptist Hospital Foundation · exempt
- Cornerstone Health Enablement Strategic Solutions LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for CARENET INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CARENET INC?
- CARENET INC (North Carolina) receives grants from 4 organizations whose IRS filings report $150,855 to it, the largest being NORTH CAROLINA ASSOCIATION OF FREE AND CHARITABLE CLINICS INC ($127,105). 1 of them have funded it in more than one year.
- How many funders does CARENET INC have?
- IRS filings report 4 organizations giving $150,855 in grants to CARENET INC, 1 of which have funded it in more than one year.
- Who is the largest funder of CARENET INC?
- NORTH CAROLINA ASSOCIATION OF FREE AND CHARITABLE CLINICS INC is the largest funder on record, with $127,105 in grants. The full list of funders is on this page.
- How can an organization like CARENET INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Carenet →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing