Cara Program

Analysis

Cara Program is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Cara Program reported income of $22.8m and spending of $15.4m, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.6m to $22.8m (+136%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cara Program sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Detroit Belle Isle Grand Prix Inc ($22.8m), Impact Seven Incorporated ($22.9m) and Benson House Inc ($22.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $610k (4.0% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $22.7m against liabilities of $4.9m, net assets of $17.8m. It reported 696 employees.