Caring House Inc

Analysis

Caring House Inc is a registered charity in United States, based in Iron Mountain, MI. It received its IRS tax-exemption ruling in February 1984, 42 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 September 2023, Caring House Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $943k to $1.3m (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring House Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Berean Community Development Corporation ($1.3m), Developmental Disabilities Management Assistance Inc ($1.3m) and Health Alliance for the Uninsured Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (5.2% of expenses). Other salaries and wages came to $683k. At year end it held assets of $947k against liabilities of $239k, net assets of $708k. It reported 20 employees.