Care for Life Inc

Analysis

Care for Life Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Care for Life Inc reported income of $569k and spending of $745k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $935k to $569k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 107%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Care for Life Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Down Syndrome Alliance of the Midlands ($569k), Sima Environmental Fund ($569k) and Variety-The Childrens Charity of the United States Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (8.7% of expenses). Other salaries and wages came to $208k. At year end it held assets of $407k against liabilities of $3,264, net assets of $403k.