Caresparc Community Connections Inc

Analysis

Caresparc Community Connections Inc is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Caresparc Community Connections Inc reported income of $326k and spending of $318k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $246k to $326k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caresparc Community Connections Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Next Step Resources Center Inc ($326k), Schleicher County Volunteer Emergency Medical Service ($326k) and Urban Restoration Counseling Center ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $133k against liabilities of $121k, net assets of $12k. It reported 1 employees.