Carlorene House Inc

Analysis

Carlorene House Inc is a registered charity in United States, based in Prattville, AL. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 April 2024, Carlorene House Inc reported income of $258k and spending of $262k, spending 101% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $195k to $258k (+32%), an average of +5.7% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carlorene House Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Faithworks Inc ($258k), Habitat for Humanity International ($258k) and National Church Residences of Shelby ($258k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $130k. At year end it held assets of $2,128 against liabilities of $1,027, net assets of $1,101. It reported 7 employees.