Careity Foundation

Analysis

Careity Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Careity Foundation reported income of $1.2m and spending of $670k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $942k to $1.2m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Careity Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Brem Foundation to Defeat Breast Cancer Inc ($1.2m), Aunt Ritas Foundation ($1.2m) and Turning Point Advocacy Services ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $3.5m against liabilities of $24k, net assets of $3.5m.