Caremax International

Analysis

Caremax International is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 1998, 28 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 2022, Caremax International reported income of $649k and spending of $466k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $337k to $649k (+93%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caremax International sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Social Innovation Laboratory Inc ($649k), Junior Junction Inc ($649k) and Shelby County Agricultural and Mechanical ($649k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $91k (20% of expenses). Other salaries and wages came to $229k. At year end it held assets of $2.0m against liabilities of $7,916, net assets of $2.0m.