Mansfield Cares Inc

Analysis

Mansfield Cares Inc is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Mansfield Cares Inc reported income of $257k and spending of $233k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $257k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 121% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mansfield Cares Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Community Investment Corporation of Decatur Inc ($257k), Executive Alliance Inc ($257k) and Bay Area Community Law Foundation ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $527k against liabilities of $0, net assets of $527k.