Carelink Corporation

Analysis

Carelink Corporation is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in July 1999, 27 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 September 2023, Carelink Corporation reported income of $5.3m and spending of $4.7m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $5.3m (+47%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carelink Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Project Rescue Foundation ($5.3m), Children Now ($5.3m) and Care Plus Workforce Solutions Inc ($5.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $133k (2.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $3.3m against liabilities of $303k, net assets of $3.0m. It reported 57 employees.