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 $77k, spending 131% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $59k to $59k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 126% 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 Fishing for the Mission 22 Inc ($59k), Columbians Inc ($59k) and Association of Fundraising Professionals ($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 $1.1m against liabilities of $155k, net assets of $977k.

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.