Carm Inc

Analysis

Carm Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Carm Inc reported income of $259k and spending of $239k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $305k to $259k (-15%), an average of -15% a year. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Carm Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within ID. Charities of a similar size with the same main cause include Apocalypse Ministries Inc ($259k), Mishkan Hatorah Inc ($259k) and Ocala United Inc ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $80k (33% of expenses). Other salaries and wages came to $25k. At year end it held assets of $43k against liabilities of -$94, net assets of $43k. It reported 3 employees.