Caring for Others Inc

Analysis

Caring for Others Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2003, 23 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 December 2023, Caring for Others Inc reported income of $15.1m and spending of $15.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $15.1m (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring for Others Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Services by Design Inc ($15.1m), Mamba and Mambacita Sports Foundation ($15.1m) and Overland Missions Inc ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $172k. At year end it held assets of $5.8m against liabilities of $1.8m, net assets of $4.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.