Chosen Care Inc

Analysis

Chosen Care Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Chosen Care Inc reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $899k to $2.2m (+144%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chosen Care Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Kramden Institute Inc ($2.2m), Presbyterian Community Center Inc ($2.2m) and Alexandria House ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $252k (9.8% of expenses). Other salaries and wages came to $1.3m. It paid $32k in professional fundraising fees. At year end it held assets of $772k against liabilities of $144k, net assets of $628k. It reported 36 employees.