Associa Cares Inc

Analysis

Associa Cares Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Associa Cares Inc reported income of $1.1m and spending of $816k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $1.1m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Associa Cares Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Wta Foundation Inc ($1.1m), Gemma Foundation ($1.1m) and Sportsmen for Charity ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $140k. At year end it held assets of $3.2m against liabilities of $455k, net assets of $2.8m. It reported 2 employees.