Care Store

Analysis

Care Store is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Care Store reported income of $172k and spending of $119k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $172k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Care Store 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 50th percentile within MI. Charities of a similar size with the same main cause include Operation Military Matters Corp ($172k), Travelers Rest Farmers Market ($172k) and Little Bees Daycare ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $57k. At year end it held assets of $205k against liabilities of $0, net assets of $205k. It reported 4 employees.