Care Center Ministries Inc

Analysis

Care Center Ministries Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Care Center Ministries Inc reported income of $1.6m and spending of $2.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Care Center Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Trinity Broadcasting of Washington ($1.6m), Gurudwara Singh Sabha ($1.6m) and Greater Reach Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $209k (10% of expenses). Other salaries and wages came to $280k. At year end it held assets of $1.9m against liabilities of $341k, net assets of $1.6m. It reported 16 employees.