Costs of Care

Analysis

Costs of Care is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in September 2011, 15 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, Costs of Care reported income of $183k and spending of $150k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $83k to $183k (+122%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Costs of Care sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Fundacion Huntington PR ($183k), East Feliciana Drug and Alcohol Awareness Council ($184k) and Above and Beyond Children & Community Services Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (37% of expenses). Other salaries and wages came to $25k. At year end it held assets of $164k against liabilities of $0, net assets of $164k.