Caring Place Incorporated

Analysis

Caring Place Incorporated is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in November 1978, 48 years ago. 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, Caring Place Incorporated reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caring Place Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Santa Fe Desert Chorale ($1.5m), Meramec Hockey Club ($1.5m) and San Diego Nice Guys ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $108k (7.3% of expenses). Other salaries and wages came to $654k. At year end it held assets of $3.2m against liabilities of $13k, net assets of $3.2m. It reported 29 employees.