Caritas Corporation

Analysis

Caritas Corporation is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Caritas Corporation reported income of $1.2m and spending of $1.3m, spending 111% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.1m to $1.2m (+0.5%), an average of +0.2% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caritas Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Rise Community Development ($1.2m), Housing Development Corporation ($1.2m) and Mount Carmel Housing Inc ($1.2m).

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 $484k. At year end it held assets of $3.0m against liabilities of $47k, net assets of $2.9m. It reported 9 employees.