Carelink Inc

Analysis

Carelink Inc is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carelink Inc reported income of $8.3m and spending of $8.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $8.3m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carelink Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Delta Dental of Oklahoma Foundation ($8.3m), St Lukes Ambulatory Services Inc ($8.3m) and Simpson Memorial Home Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $414k (4.7% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $3.2m against liabilities of $654k, net assets of $2.6m. It reported 197 employees.