Carenet

Analysis

Carenet is a registered charity in United States, based in Lansdowne, VA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Carenet reported income of $9.7m and spending of $9.2m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.2m to $9.7m (+86%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Carenet sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Northwest Regional Re-Entry Center NWRRC ($9.7m), Texas Legal Services Center Inc ($9.7m) and Public Justice Foundation ($9.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $322k (3.5% of expenses). Other salaries and wages came to $3.2m. It paid $196k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $1.7m, net assets of $3.8m. It reported 65 employees.