Carc Inc

Analysis

Carc Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in December 1982, 44 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, Carc Inc reported income of $6.9m and spending of $6.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.8m to $6.9m (-22%), an average of -6.0% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carc Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include Covenant House Washington DC ($6.9m), Kirkland Crossings Inc ($6.9m) and Goodness Village ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $181k (2.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $11.5m against liabilities of $563k, net assets of $10.9m. It reported 230 employees.