Verdecares Inc

Analysis

Verdecares Inc is a registered charity in United States, based in Rio Verde, AZ. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Verdecares Inc reported income of $374k and spending of $299k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $374k (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Verdecares Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within AZ. Charities of a similar size with the same main cause include Bluewater Babes Charitable TR ($374k), John Clem Recovery House ($374k) and JBS Keys to DMD Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). Other salaries and wages came to $97k. At year end it held assets of $589k against liabilities of $52k, net assets of $536k. It reported 6 employees.