Caring Unlimited Corp

Analysis

Caring Unlimited Corp is a registered charity in United States, based in Sanford, ME. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Caring Unlimited Corp reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.8m (+59%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Unlimited Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ME. Charities of a similar size with the same main cause include Community Action Service of Morgan County ($2.8m), Paige Company Inc ($2.8m) and Community Help in Park Slope Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $127k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.6m against liabilities of $753k, net assets of $1.8m. It reported 31 employees.