Cara Estates Inc

Analysis

Cara Estates Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in January 1995, 31 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 June 2024, Cara Estates Inc reported income of $137k and spending of $183k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $136k to $137k (+0.7%), an average of +0.2% a year. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cara Estates Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within RI. Charities of a similar size with the same main cause include Childrens Center of Cos Cob Inc ($137k), The Interfaith Community Dire Emergency Fund ($137k) and Conscious World Initiative ($137k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $640k against liabilities of $76k, net assets of $563k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.