Precious Care Group Inc

Analysis

Precious Care Group Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 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 (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, Precious Care Group Inc reported income of $1.2m and spending of $978k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $1.2m (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Precious Care Group Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Sealkids Inc ($1.2m), Ohio County & Independent Agricultural Societies ($1.2m) and St Vincent de Paul Society of Oshkosh Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $383k. At year end it held assets of $902k against liabilities of $219k, net assets of $684k. It reported 49 employees.