Central Cares Inc

Analysis

Central Cares Inc is a registered charity in United States, based in Coralville, IA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Central Cares Inc reported income of $227k and spending of $227k, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2024, income fell from $229k to $227k (-1.3%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Cares Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Kara Lota Foundation Inc ($227k), Life Choices Medical Center ($227k) and Kettering Backpack Inc ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $155k. At year end it held assets of $226k against liabilities of $7,458, net assets of $219k. It reported 17 employees.