I Care Inc

Analysis

I Care Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2024, I Care Inc reported income of $152k and spending of $110k, leaving 27% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $241k to $152k (-37%), an average of -11% a year. The sharpest change came in the year to March 2023, when income dropped by 38%. Over the whole period it spent 72% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, I Care Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include Brothers of St Charles Lwanga Foundation ($152k), Sister Cities of Nashville Inc ($152k) and Consider the Cause Inc ($152k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 43% of the total. At year end it held assets of $3.0m against liabilities of $100k, net assets of $2.9m.