Compound Cares Inc

Analysis

Compound Cares Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Compound Cares Inc reported income of $57k and spending of $58k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $57k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 69% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Compound Cares Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Because for Hope ($57k), Little Hands of Hope Inc ($57k) and One Peace Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $196k against liabilities of $850, net assets of $195k.