Caring and Sharing Inc

Analysis

Caring and Sharing Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caring and Sharing Inc reported income of $331k and spending of $269k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $331k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring and Sharing Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Great Oak Equine Assisted Programs ($331k), Delaware Multicultural and Civic Organization ($331k) and Family Service Corporation ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $56k. At year end it held assets of $330k against liabilities of $507, net assets of $330k. It reported 6 employees.