Carearc Inc

Analysis

Carearc Inc is a registered charity in United States, based in Emporia, KS. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Carearc Inc reported income of $12.1m and spending of $10.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $12.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carearc Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Unehealth ($12.1m), Skaalen Nursing and Rehabilitation Center Inc ($12.1m) and Community Health & Emergency Services Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $335k (3.3% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $9.7m against liabilities of $766k, net assets of $8.9m. It reported 112 employees.