Group Cares

Analysis

Group Cares is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Group Cares reported income of $3.4m and spending of $3.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $3.4m (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Group Cares sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include First Fruit Ministries ($3.4m), Mosdos Rabbainu Nachum Meshadyk ($3.4m) and Keren Yom-Tov Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $293k (8.8% of expenses). Other salaries and wages came to $783k. At year end it held assets of $1.8m against liabilities of $4.0m, net assets of -$2.2m. It reported 9 employees.