Bare Essentials Home Care Inc

Analysis

Bare Essentials Home Care Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Bare Essentials Home Care Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bare Essentials Home Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MO. Charities of a similar size with the same main cause include Merkaz Torani Oraita Inc ($1.4m), Lev Lalev Inc ($1.4m) and Yvonneka Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $280k (21% of expenses). Other salaries and wages came to $454k. At year end it held assets of $1.4m against liabilities of $132k, net assets of $1.2m.