Shore Icare

Analysis

Shore Icare is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Shore Icare reported income of $692k and spending of $487k, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $161k to $692k (+330%), an average of +44% a year. The sharpest change came in the year to August 2021, when income rose by 93%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shore Icare sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Liberty County Senior Citizens Association Inc ($692k), Manvel-Iowa Colony Lions Club ($692k) and Cody Council on Aging Inc ($692k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $39k (8.1% of expenses). Other salaries and wages came to $68k. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m. It reported 4 employees.