Carti Foundation Inc

Analysis

Carti Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Carti Foundation Inc reported income of $3.5m and spending of $2.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $3.5m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carti Foundation Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AR. Charities of a similar size with the same main cause include Health Net of West Michigan ($3.5m), Protez Foundation ($3.5m) and Vincentian Collaborative System Rehabilitation Services Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $245k. At year end it held assets of $9.3m against liabilities of $766k, net assets of $8.6m.