Irving Cares Inc

Analysis

Irving Cares Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in November 1977, 49 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 March 2024, Irving Cares Inc reported income of $2.5m and spending of $2.6m, spending 102% of its income. Across the 4 years on record, from March 2021 to March 2024, income grew from $2.0m to $2.5m (+25%), an average of +7.7% a year. The sharpest change came in the year to March 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Irving Cares Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Wild Iris Family Counseling & Crisis Center ($2.5m), Wow In-Sync ($2.5m) and Companeros Del Barrio ($2.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $759k. At year end it held assets of $217k against liabilities of $73k, net assets of $143k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.