Carearc Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,935,972 | 5,848,801 | 87,171 | 5.6 | 54% |
| 2012 | 7,450,550 | 6,329,384 | 1,121,166 | 7.3 | 51% |
| 2013 | 6,290,214 | 6,137,266 | 152,948 | 7.8 | 51% |
| 2014 | 8,026,264 | 7,872,136 | 154,128 | 6.3 | 51% |
| 2015 | 9,192,642 | 10,015,674 | −823,032 | 4.0 | 50% |
| 2016 | 9,998,410 | 10,158,507 | −160,097 | 3.7 | 54% |
| 2017 | 9,863,031 | 10,184,531 | −321,500 | 3.4 | 57% |
| 2018 | 9,192,251 | 9,388,969 | −196,718 | 3.4 | 57% |
| 2019 | 9,243,746 | 9,164,935 | 78,811 | 3.6 | 56% |
| 2020 | 11,180,466 | 9,083,580 | 2,096,886 | 6.4 | 59% |
| 2021 | 10,015,494 | 9,151,593 | 863,901 | 7.5 | 57% |
| 2022 | 10,535,828 | 9,275,614 | 1,260,214 | 9.0 | 54% |
| 2023 | 12,066,275 | 10,119,809 | 1,946,466 | 10.5 | 51% |
In its most recent public year (2023), this organization brought in $1,946,466 more than it spent. Its reserves stood at about 10.5 months of spending, up from 5.6 in 2011. Staff pay was 51% of spending. $96,177 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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