Caring and Sharing Inc

Analysis

Caring and Sharing Inc is a registered charity in United States, based in Hemingway, SC. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Caring and Sharing Inc reported income of $150k and spending of $190k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $150k (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring and Sharing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Project Angel Hugs ($150k), A Grateful Mind International Inc ($150k) and Angel Works Foundation ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (11% of expenses). Other salaries and wages came to $7,364. At year end it held assets of $200k against liabilities of $9,044, net assets of $191k. It reported 2 employees.