Georgetown Caring Place

Analysis

Georgetown Caring Place is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Georgetown Caring Place reported income of $3.4m and spending of $3.9m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $3.5m to $3.4m (-1.0%), an average of -0.3% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgetown Caring Place sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include McKinleyville Community Collaborative ($3.4m), Union Square Partnership District Management Association Inc ($3.4m) and Hockanum Valley Community Council Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $130k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.7m against liabilities of $210k, net assets of $5.5m. It reported 42 employees.