Carenet Pregnancy Center of Southern Maryland Inc

Analysis

Carenet Pregnancy Center of Southern Maryland Inc is a registered charity in United States, based in Lexington PK, MD. It received its IRS tax-exemption ruling in March 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, Carenet Pregnancy Center of Southern Maryland Inc reported income of $849k and spending of $878k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $849k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carenet Pregnancy Center of Southern Maryland Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Bloomfield Emergency Medical Services Inc ($849k), Malmonides Research and Development Foundation ($850k) and Foundation for Children with Neuroimmune Disorders Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $472k. At year end it held assets of $1.1m against liabilities of $97k, net assets of $987k. It reported 20 employees.