GC Cares Inc

Analysis

GC Cares Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 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, GC Cares Inc reported income of $173k and spending of $107k, leaving 38% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $347k to $173k (-50%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GC Cares Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include York County Human Services Fund ($173k), House of Helping Hands ($173k) and Rachs Hope Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $744k against liabilities of $382, net assets of $744k.