Platinum Care Inc

Analysis

Platinum Care Inc is a registered charity in United States, based in Saline, MI. It received its IRS tax-exemption ruling in January 2007, 19 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, Platinum Care Inc reported income of $1.2m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $1.2m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Platinum Care Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Lovepacs ($1.2m), Big League Impact Inc ($1.2m) and Hope Street Food Pantry Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $170k (16% of expenses). Other salaries and wages came to $454k. At year end it held assets of $566k against liabilities of $0, net assets of $566k. It reported 18 employees.