Caring Foundation Incorporated

Analysis

Caring Foundation Incorporated is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Caring Foundation Incorporated reported income of $125k and spending of $24k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $125k (+239%), an average of +239% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caring Foundation Incorporated sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within IN. Charities of a similar size with the same main cause include Renaissance Newark Foundation Inc ($125k), Autograph Basketballs for Community Service Inc ($125k) and American State Bank Endowed Scholarship Funds for Nursing ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.