Carestar Foundation

Analysis

Carestar Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Carestar Foundation reported income of $5.1m and spending of $3.5m, leaving 30% of income unspent that year. Across the 4 years on record, from December 2018 to December 2021, income fell from $65.4m to $5.1m (-92%), an average of -57% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 19% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Carestar Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Iron Recovery and Wellness Center Inc ($5.1m), Pediatric Brain Tumor Foundation of the United States Inc ($5.1m) and DMH Real Estate Holdings Inc ($5.1m).

Compensation of current officers, directors and key employees was $519k (15% of expenses). Other salaries and wages came to $194k. At year end it held assets of $77.0m against liabilities of $1.4m, net assets of $75.6m. It reported 4 employees.