Caring Services Inc

Analysis

Caring Services Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in September 1995, 31 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, Caring Services Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+52%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Siskiyou Community Resource Collaborative ($1.6m), Project Bee ($1.6m) and Have Haven Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $681k. At year end it held assets of $1.8m against liabilities of $222k, net assets of $1.5m. It reported 20 employees.