USA Cares Inc

Analysis

USA Cares Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, USA Cares Inc reported income of $3.0m and spending of $3.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.0m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, USA Cares Inc 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 89th percentile within KY. Charities of a similar size with the same main cause include Love Home Inc ($3.0m), New Hope Shelter Inc ($3.0m) and Our Community Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $103k (3.1% of expenses). Other salaries and wages came to $954k. At year end it held assets of $3.1m against liabilities of $862k, net assets of $2.3m. It reported 26 employees.