Care and Share Inc

Analysis

Care and Share Inc is a registered charity in United States, based in Crookston, MN. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Care and Share Inc reported income of $554k and spending of $612k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $353k to $554k (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Care and Share Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Academy of Political Science ($554k), Volunteers of America Inc ($554k) and Dimond Alumni Foundation ($554k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $55k (9.0% of expenses). Other salaries and wages came to $292k. At year end it held assets of $664k against liabilities of $15k, net assets of $649k. It reported 21 employees.