Caring Communities Inc

Analysis

Caring Communities Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Caring Communities Inc reported income of $85k and spending of $73k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $42k to $85k (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 159%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Caring Communities Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Academy of Homiletics ($85k), Buena High School Music Association ($85k) and Hampshire Christian Academy ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 61% of the total. At year end it held assets of $77k against liabilities of $23k, net assets of $54k.