Caring Incorporated

Analysis

Caring Incorporated is a registered charity in United States, based in Pleasantville, NJ. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Caring Incorporated reported income of $12.6m and spending of $6.8m, leaving 46% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $9.4m to $12.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to March 2023, when income rose by 20%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caring Incorporated 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 NJ. Charities of a similar size with the same main cause include Our Lady of Peace Inc ($12.6m), PHS Apple Valley Senior Housing Inc ($12.7m) and Affordable Housing Alliance Inc ($12.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.0% and program service revenue 89% of the total. Other salaries and wages came to $7.2m. At year end it held assets of $58.2m against liabilities of $31.5m, net assets of $26.6m. It reported 251 employees.