The Caring Place

Analysis

The Caring Place is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Caring Place reported income of $2.3m and spending of $1.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $861k to $2.3m (+162%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Caring Place sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Eagle Condor Foundation ($2.3m), Cambridge Economic Opportunity Committee Inc ($2.3m) and Women S Care Center of Milwaukee Corporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $467k. At year end it held assets of $5.4m against liabilities of $2.5m, net assets of $2.9m. It reported 19 employees.