Caringplace of the Shoals Inc

Analysis

Caringplace of the Shoals Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in December 2007, 19 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 June 2024, Caringplace of the Shoals Inc reported income of $261k and spending of $402k, spending 154% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $66k to $261k (+297%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 1173%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caringplace of the Shoals Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Assistance League of San Bernardino ($261k), Shelter Inc ($261k) and Agape Hope ($261k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 22% of the total. At year end it held assets of $450k against liabilities of $2,854, net assets of $447k. It reported 7 employees.