Gocare Inc

Analysis

Gocare Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gocare Inc reported income of $303k and spending of $1.7m, spending 548% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $234k to $303k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 680%. Over the whole period it spent 376% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gocare Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Global One Foundation ($302k), Rescue Pink Inc ($303k) and World Partnerships Inc ($302k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 0.6% of the total. Other salaries and wages came to $95k. At year end it held assets of $7.9m against liabilities of $37k, net assets of $7.8m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.