Carnegie Adult Foster Care Home Inc

Analysis

Carnegie Adult Foster Care Home Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1990, 36 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, Carnegie Adult Foster Care Home Inc reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2022, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carnegie Adult Foster Care Home 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 Adult Client Training Service ($1.3m), Senior Connections Inc ($1.3m) and Maps Community Foundation ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $917k. At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 43 employees.