Eastcare III Inc

Analysis

Eastcare III Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eastcare III Inc reported income of $93k and spending of $140k, spending 150% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $96k to $93k (-2.3%), an average of -0.8% a year. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastcare III Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Hazard Library Association ($93k), Jack & Jill Playschool ($93k) and Comunidad Cristiana Agape Inc ($93k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $455k against liabilities of $171k, net assets of $284k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.