Care Initiatives

Analysis

Care Initiatives is a registered charity in United States, based in WDM, IA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Care Initiatives reported income of $261.1m and spending of $261.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192.7m to $261.1m (+35%), an average of +7.9% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Care Initiatives sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within IA. Charities of a similar size with the same main cause include Hospital Auxilio Mutuo Inc ($260.7m), Baptist Memorial Hospital - Jonesboro Inc ($261.9m) and Family Healthcare Network ($260.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.2m (0.8% of expenses). Other salaries and wages came to $134.3m. At year end it held assets of $173.4m against liabilities of $106.4m, net assets of $67.0m. It reported 5,819 employees.