Cars III Inc

Analysis

Cars III Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cars III Inc reported income of $67k and spending of $62k, spending 92% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $64k to $67k (+5.5%), an average of +5.5% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cars III Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Beallsville Rally for Life Inc ($67k), Handi-Crafters Foundation ($67k) and Wear Yellow Nebraska ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $44k against liabilities of $47k, net assets of -$2,431.