Carc Inc

Analysis

Carc Inc is a registered charity in United States, based in Carlsbad, NM. It received its IRS tax-exemption ruling in August 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Carc Inc reported income of $11.9m and spending of $12.3m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.3m to $11.9m (-3.4%), an average of -1.1% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carc Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NM. Charities of a similar size with the same main cause include Help Inc ($11.9m), Aloha Harvest ($11.9m) and Society of St Vincent de Paul Council of Seattle-King County ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 84% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $11.5m against liabilities of $2.4m, net assets of $9.1m. It reported 310 employees.