Dare to Care Inc

Analysis

Dare to Care Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Dare to Care Inc reported income of $45.6m and spending of $47.1m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $54.5m to $45.6m (-16%), an average of -5.8% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dare to Care Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within KY. Charities of a similar size with the same main cause include Meadowood Corporation ($45.5m), Maryville Academy ($45.6m) and Asian Counseling and Referral Service ($45.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $525k (1.1% of expenses). Other salaries and wages came to $4.1m. It paid $535k in professional fundraising fees. At year end it held assets of $30.9m against liabilities of $1.6m, net assets of $29.3m. It reported 92 employees.