The Cart Fund Inc

Analysis

The Cart Fund Inc is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, The Cart Fund Inc reported income of $1.9m and spending of $899k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 141%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Cart Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Hospice Foundation of Acadiana ($1.9m), The Burke Foundation Inc ($1.9m) and Cape Cod Times Neighbors Fund Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.