Ink Cares

Analysis

Ink Cares is a registered charity in United States, based in Carnegie, PA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ink Cares reported income of $418k and spending of $425k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $418k (+268%), an average of +268% a year. The sharpest change came in the year to December 2023, when income rose by 268%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ink Cares sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Music Theatre Philly LLC ($418k), Black Mountain-Swannanoa Art Center ($418k) and Hiawatha Music Non-Profit Corp ($418k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $149k. At year end it held assets of $25k against liabilities of $6,538, net assets of $19k. It reported 21 employees.