Staples Cause for Caring Inc

Analysis

Staples Cause for Caring Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 January 2024, Staples Cause for Caring Inc reported income of $730k and spending of $638k, spending 87% of its income. Across the 4 years on record, from January 2021 to January 2024, income fell from $1.2m to $730k (-41%), an average of -16% a year. The sharpest change came in the year to January 2024, when income rose by 93%. Over the whole period it spent 60% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Staples Cause for Caring Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Shallotte Point Volunteer Fire Department Inc ($728k), Wind Gap Fire Co ($730k) and Sunshine Safety Council Inc ($728k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m.