Care Plus Foundation Inc

Analysis

Care Plus Foundation Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Care Plus Foundation Inc reported income of $497k and spending of $439k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $326k to $497k (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Care Plus Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Wat Lao Xayabhoummaram ($497k), Jim Hockaday Ministries Inc ($497k) and Bread of Life International Inc ($497k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $1.5m against liabilities of $375k, net assets of $1.2m.