Caritas Foundation

Analysis

Caritas Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 2015, 11 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, Caritas Foundation reported income of $191k and spending of $196k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $307k to $191k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caritas Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Plannet Cares Foundation Inc ($191k), Womens Housing Coalition Inc ($191k) and Break the Silence Against Domestic Violence Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,179 against liabilities of $1,603, net assets of $3,576.