Caritas Center Inc

Analysis

Caritas Center Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Caritas Center Inc reported income of $757k and spending of $773k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $757k (+72%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caritas Center Inc 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 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Mountain Parks Foundation of Santa Cruz ($757k), Carle Auxiliary Inc ($757k) and Black Hawk College Foundation ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (5.6% of expenses). Other salaries and wages came to $7,389. At year end it held assets of $160k against liabilities of $2,450, net assets of $158k. It reported 2 employees.