Careteam Plus Inc

Analysis

Careteam Plus Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in April 1995, 31 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 March 2023, Careteam Plus Inc reported income of $16.1m and spending of $15.5m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $10.6m to $16.1m (+52%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Careteam Plus Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Startcare Inc ($16.1m), Asian Human Services Family Health Center Inc ($16.1m) and American Academy of Allergy ($16.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $456k (2.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $10.4m against liabilities of $2.4m, net assets of $8.0m. It reported 74 employees.