Caring and Sharing Inc

Analysis

Caring and Sharing Inc is a registered charity in United States, based in Elizabethtown, NC. It received its IRS tax-exemption ruling in February 2013, 13 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, Caring and Sharing Inc reported income of $894k and spending of $907k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $894k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring and Sharing Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Mental Health Programs Inc - X ($894k), RSK Enterprises Inc ($894k) and Huntingdon House a Program for Victims of Domestic Violence ($894k).

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 $155k (17% of expenses). Other salaries and wages came to $436k. At year end it held assets of $55k against liabilities of $76k, net assets of -$21k.