Care Resources

Analysis

Care Resources is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Care Resources reported income of $33.9m and spending of $33.1m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.5m to $33.9m (+94%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Care Resources sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Prymed Medical Care Inc ($33.9m), Brooks Skilled Nursing Facility a Inc ($33.9m) and Abilis Inc ($33.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $12.8m against liabilities of $4.4m, net assets of $8.4m.