Caring Incorporated

Analysis

Caring Incorporated is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in July 2008, 18 years ago. 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 March 2023, Caring Incorporated reported income of $59k and spending of $71k, spending 120% of what it took in. Across the 3 years on record, from March 2021 to March 2023, income fell from $65k to $59k (-8.8%), an average of -4.5% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caring Incorporated sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include PTA Colorado Congress ($59k), Association of Fundraising Professionals ($59k) and PTA California Congress of Parents Teachers & Students Inc ($59k).

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 $15k. At year end it held assets of $926k against liabilities of $69k, net assets of $857k.

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.