Crescentcare Holdings Inc

Analysis

Crescentcare Holdings Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2023, Crescentcare Holdings Inc reported income of $278k and spending of $1.5m, spending 542% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $224k to $278k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 571% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Crescentcare Holdings Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include Naomi House Inc ($278k), Mankato Clinic Foundation Inc ($278k) and Unmasked Expressive Therapies ($278k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14.7m against liabilities of $20.2m, net assets of -$5.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.