Care and Share of East Lyme

Analysis

Care and Share of East Lyme is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Care and Share of East Lyme reported income of $397k and spending of $415k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $233k to $397k (+70%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Care and Share of East Lyme sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Safe Routes to School National Partnership ($397k), Missionaries of Compassion Inc ($398k) and Go Store ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $326k against liabilities of $0, net assets of $326k.