Caring Incorporated

Analysis

Caring Incorporated is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in July 2008, 18 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 March 2023, Caring Incorporated reported income of $66k and spending of $102k, spending 154% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $63k to $66k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to March 2020, when income rose by 52%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caring Incorporated sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($66k), Little League Baseball Inc ($66k) and Santa Cruz High School Alumni Association ($66k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $1.3m against liabilities of $244k, net assets of $1.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.