914 Cares Inc

Analysis

914 Cares Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 914 Cares Inc reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $1.9m (+340%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 914 Cares Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include United Way of the Black Hills ($1.9m), Hedge Funds Care Inc ($1.9m) and Alabama Symphony Endowment ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $253k. At year end it held assets of $925k against liabilities of $40k, net assets of $886k. It reported 12 employees.