Care Project

Analysis

Care Project is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Care Project reported income of $145k and spending of $187k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $145k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Care Project sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Erhs PTA Inc ($145k), Saint Sebastian Project Denver ($145k) and Magic Foundation ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.