Paul Kares Inc

Analysis

Paul Kares Inc is a registered charity in United States, based in Lewes, DE. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Paul Kares Inc reported income of $474k and spending of $455k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $12k to $474k (+3693%), an average of +516% a year. The sharpest change came in the year to December 2022, when income rose by 2037%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Paul Kares Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Preservation Dallas ($474k), Clarksville Volunteer Fire Department Inc ($474k) and South Texas Alliance for Orphans ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $41k (9.0% of expenses). Other salaries and wages came to $27k. At year end it held assets of $31k against liabilities of $4,000, net assets of $27k. It reported 10 employees.