Carpet America Recovery Effort Care Inc

Analysis

Carpet America Recovery Effort Care Inc is a registered charity in United States, based in Dalton, GA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carpet America Recovery Effort Care Inc reported income of $1.6m and spending of $1.8m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Carpet America Recovery Effort Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include The Vermont Center for Ecostudies Inc ($1.6m), Legacy Land Conservancy ($1.6m) and Appalachian Mountain Advocates Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $632k (36% of expenses). Other salaries and wages came to $430k. At year end it held assets of $510k against liabilities of $113k, net assets of $397k. It reported 7 employees.