Kare Inc

Analysis

Kare Inc is a registered charity in United States, based in Waynesville, NC. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kare Inc reported income of $573k and spending of $515k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $307k to $573k (+87%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 39%. 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, Kare Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Pioneer Memorial Home ($573k), Peaceful Family Solutions Inc ($573k) and Rights Behind Bars Inc ($573k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $245k. At year end it held assets of $1.1m against liabilities of $622k, net assets of $522k. It reported 7 employees.