Chicares Assisted Living Ltd

Analysis

Chicares Assisted Living Ltd is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, 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 December 2023, Chicares Assisted Living Ltd reported income of $388k and spending of $485k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $514k to $388k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicares Assisted Living Ltd sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Daily Bread - an Ecumenical Food Pantry Inc ($388k), Texas Pride Impact Funds ($388k) and Share Food Share Love Food Pantry ($388k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $292k. At year end it held assets of $92k against liabilities of $22k, net assets of $70k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.