Care Corps Inc

Analysis

Care Corps Inc is a registered charity in United States, based in Fremont, NE. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 July 2023, Care Corps Inc reported income of $4.2m and spending of $3.3m, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.2m to $4.2m (+244%), an average of +36% a year. The sharpest change came in the year to July 2021, when income rose by 193%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Care Corps Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Community Action Region VI ($4.2m), Thistle Community Housing ($4.2m) and Habitat for Humanity International Inc ($4.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $119k (3.7% of expenses). Other salaries and wages came to $911k. At year end it held assets of $8.2m against liabilities of $471k, net assets of $7.7m.