Immacare Inc

Analysis

Immacare Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1991, 35 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 September 2023, Immacare Inc reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2020, when income rose by 128%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Immacare Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Sepp Inc ($3.5m), 239 East 115th Street Housing Development Fund Corporation ($3.5m) and Augusta Affordable Housingcorporation ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $118k (3.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $13.8m against liabilities of $440k, net assets of $13.4m. It reported 42 employees.