Master Cares Foundation Inc

Analysis

Master Cares Foundation Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Master Cares Foundation Inc reported income of $3.5m and spending of $4.3m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.5m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Master Cares Foundation 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 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include DN Associates Residential Care ($3.5m), Food Bank of Lower Fairfield County Inc ($3.5m) and Child Care Network Washtenaw Regional 4c ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $2.3m against liabilities of $447k, net assets of $1.8m. It reported 50 employees.