Carenow Foundation

Analysis

Carenow Foundation is a registered charity in United States, based in Jasper, TN. It received its IRS tax-exemption ruling in January 2006, 20 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, Carenow Foundation reported income of $102k and spending of $98k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $96k to $102k (+6.0%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carenow Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Friends of Hampshire County Homeless Individuals Inc ($102k), We Care We Share Ministries ($102k) and Good Grief Group ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $125k against liabilities of $2,073, net assets of $123k.