Caring Partners Inc

Analysis

Caring Partners Inc is a registered charity in United States, based in Tewksbury, MA. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Caring Partners Inc reported income of $258k and spending of $324k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $366k to $258k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caring Partners Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include United Way of Johnson County Inc ($258k), Cedar Hill Cemetery Foundation Inc ($258k) and United Way of Maury County ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $311k against liabilities of $0, net assets of $311k.