Carey Services Inc

Analysis

Carey Services Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in August 1955, 71 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 2024, Carey Services Inc reported income of $13.1m and spending of $13.1m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $12.5m to $13.1m (+4.9%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carey Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Wood Lane Residential Services ($13.1m), Progress Inc ($13.1m) and Hospice Care in the Berkshires Inc ($13.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $180k (1.4% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $17.3m against liabilities of $1.4m, net assets of $15.9m. It reported 394 employees.