Cars IV Inc

Analysis

Cars IV Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in May 1988, 38 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 IV Inc reported income of $184k and spending of $149k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $171k to $184k (+7.3%), an average of +7.3% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cars IV Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include The Pearl Group Inc ($184k), Worthy Purpose Inc ($184k) and Amshera ($184k).

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 $133k against liabilities of $167k, net assets of -$35k.