Cancare Inc

Analysis

Cancare Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1991, 35 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, Cancare Inc reported income of $1.3m and spending of $932k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $943k to $1.3m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cancare Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Bbyo Fund for the Future Inc ($1.3m), Victory Latin American Outreach Inc ($1.3m) and Redemption House Ministry Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $138k (15% of expenses). Other salaries and wages came to $332k. It paid $70k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $99k, net assets of $1.4m. It reported 9 employees.