Carina

Analysis

Carina is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2018, 8 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 June 2023, Carina reported income of $5.7m and spending of $5.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $5.7m (+217%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carina 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 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Echo of Brandon Inc ($5.7m), Stoneridge Retirement Living Communities Inc ($5.7m) and Allied Human Services ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $3.8m against liabilities of $590k, net assets of $3.2m. It reported 25 employees.