Oldsmar Cares Inc

Analysis

Oldsmar Cares Inc is a registered charity in United States, based in Oldsmar, FL. It received its IRS tax-exemption ruling in September 2009, 17 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 2024, Oldsmar Cares Inc reported income of $282k and spending of $267k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $264k to $282k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oldsmar Cares Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Community Counseling Associates ($282k), Arms of Love ($282k) and Family Investment Foundation Inc ($282k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.1m.