Toledo-Lucas County Carenet Inc

Analysis

Toledo-Lucas County Carenet Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Toledo-Lucas County Carenet Inc reported income of $992k and spending of $942k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $992k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Toledo-Lucas County Carenet Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Head & Neck Cancer Alliance Inc ($991k), Bristol Hospital Development Foundation Inc ($993k) and True Directions Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 78% of the total. At year end it held assets of $1.4m against liabilities of $85k, net assets of $1.3m.