Care-Net of Lancaster

Analysis

Care-Net of Lancaster is a registered charity in United States, based in Kershaw, SC. It received its IRS tax-exemption ruling in October 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Care-Net of Lancaster reported income of $4.8m and spending of $4.9m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.4m to $4.8m (+42%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Care-Net of Lancaster sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Community AIDS Resource & Education Services of Southwest Michigan ($4.8m), Instituto Prevocacional E Industrial de Puerto Rico ($4.8m) and Your Health Clinic ($4.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $895k (18% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.0m against liabilities of $900k, net assets of $2.1m. It reported 42 employees.