Care for Real

Analysis

Care for Real is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, 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 March 2023, Care for Real reported income of $6.0m and spending of $5.9m, spending 98% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $6.7m to $6.0m (-10.0%), an average of -3.4% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Care for Real sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Ircs Center for Economic Opportunity Inc ($6.0m), International Crisis Aid Inc ($6.0m) and Turning Point Inc ($6.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (2.0% of expenses). Other salaries and wages came to $500k. At year end it held assets of $2.4m against liabilities of $50k, net assets of $2.3m. It reported 16 employees.