Multicare Foundation Inc

Analysis

Multicare Foundation Inc is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in November 1996, 30 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Multicare Foundation Inc reported income of $151k and spending of $160k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $151k (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multicare Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Emmaus Correspondence School-St Louis ($151k), Humboldt Youth Soccer League Inc ($151k) and Bellevue Fish and Loaves ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.