Caringhouse Projects Incorporated

Analysis

Caringhouse Projects Incorporated is a registered charity in United States, based in Pleasantville, NJ. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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, Caringhouse Projects Incorporated reported income of $48.1m and spending of $43.7m, spending 91% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $33.0m to $48.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to March 2021, when income rose by 29%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caringhouse Projects Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Florida Community Health Centers Inc ($48.1m), Missouri Coalition for Primary Health Care ($48.1m) and Lifeshare Blood Center ($48.0m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28.6m. At year end it held assets of $40.6m against liabilities of $3.1m, net assets of $37.6m. It reported 858 employees.