Caring House Inc

Analysis

Caring House Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2024, Caring House Inc reported income of $2.5m and spending of $1.0m, leaving 59% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $763k to $2.5m (+232%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring House Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Town of Newburgh Emergency Medical Services Inc ($2.5m), Living Free Ministries Inc ($2.5m) and Unlimited Visions Aftercare Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $140k (13% of expenses). Other salaries and wages came to $334k. At year end it held assets of $11.5m against liabilities of $60k, net assets of $11.4m. It reported 13 employees.