Caribou Cares Inc

Analysis

Caribou Cares Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Caribou Cares Inc reported income of $68k and spending of $41k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $43k to $68k (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caribou Cares Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include One Bright Star ($68k), Santas Toy Shoppe Inc ($68k) and Bridge International ($68k).

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 $231k against liabilities of $0, net assets of $231k.