Caritas Creek

Analysis

Caritas Creek is a registered charity in United States, based in Occidental, CA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Caritas Creek reported income of $55k and spending of $62k, spending 112% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $88k to $55k (-37%), an average of -37% a year. The sharpest change came in the year to October 2023, when income dropped by 37%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas Creek sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Medford Lakes Lions Charities Inc ($55k), Lancaster Band Boosters Inc ($55k) and PTA Colorado Congress ($55k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 45% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.