U Care Inc

Analysis

U Care Inc is a registered charity in United States, based in Clinton, NC. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, U Care Inc reported income of $737k and spending of $755k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $562k to $737k (+31%), an average of +7.0% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, U Care Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include For-M Foundation Inc ($737k), Impact Africa Network Inc ($738k) and Grid110 Inc ($737k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (8.5% of expenses). Other salaries and wages came to $236k. At year end it held assets of $153k against liabilities of $67k, net assets of $86k. It reported 26 employees.