Ourcare Inc

Analysis

Ourcare Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in July 2019, 7 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, Ourcare Inc reported income of $17.7m and spending of $13.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $17.7m (+284%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ourcare Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Magee Benevolent Association ($17.7m), Saint Thomas Hickman Hospital ($17.7m) and Meadows at Westfall Inc ($17.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $17.9m against liabilities of $9.4m, net assets of $8.5m. It reported 199 employees.