The Caring Community Foundation Inc
The Caring Community Foundation Inc shows strong program spending and no officer compensation.
EIN: 200036976 · Cary, NC · NTEE: E86 · Updated: 2026-03-28
Is The Caring Community Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Caring Community Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Caring Community Foundation Inc
The Caring Community Foundation Inc (EIN: 200036976) is a nonprofit organization based in Cary, NC, classified under NTEE code E86. The organization reported total revenue of $378K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Caring Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Caring Community Foundation Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $177K |
| Surplus / Deficit | +$139K |
| Total Assets | $224K |
| Total Liabilities | $139 |
| Net Assets | $224K |
| Operating Margin | 44.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, The Caring Community Foundation Inc reported a surplus of $139K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Caring Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.4% | -37.7% | +161.5% |
| 2022 | -28.7% | +34.2% | -57.9% |
| 2021 | +28.2% | +2.9% | +10.6% |
| 2020 | -40.9% | -27.1% | -12.1% |
| 2019 | -17.2% | -9.9% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Caring Community Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Caring Community Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $139K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Caring Community Foundation Inc's IRS 990 filings:
- None identified based on the provided financial data.
Strengths
The following positive indicators were identified for The Caring Community Foundation Inc:
- Strong program spending ratio (estimated 85%)
- Zero officer compensation reported across all filings
- Consistent positive net assets and low liabilities
- Positive net income in the most recent filing period (202312)
- Good financial stability with assets consistently exceeding liabilities
Frequently Asked Questions about The Caring Community Foundation Inc
Is The Caring Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Caring Community Foundation Inc (EIN: 200036976) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does The Caring Community Foundation Inc spend its money?
The Caring Community Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Caring Community Foundation Inc tax-deductible?
The Caring Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200036976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Caring Community Foundation Inc a good charity?
Based on its financial data, particularly its high program spending ratio, absence of officer compensation, and consistent positive net assets, The Caring Community Foundation Inc appears to be a very good charity.
How does The Caring Community Foundation Inc manage its expenses?
The organization manages its expenses efficiently, with a significant majority (estimated 85%) directed towards program services and minimal spending on administrative and fundraising costs.
What is the trend in The Caring Community Foundation Inc's revenue and expenses?
Revenue and expenses have fluctuated over the years, but the organization generally maintains a positive net income, with a strong recovery in 202312 where revenue ($316,012) significantly exceeded expenses ($176,759).
Filing History
IRS 990 filing history for The Caring Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Caring Community Foundation Inc's revenue has grown by 43.6%, moving from $220K to $316K. Total assets increased by 76.1% over the same period, from $127K to $224K. Total functional expenses fell by 11.7%, from $200K to $177K. In its most recent filing year (2023), The Caring Community Foundation Inc reported a surplus of $139K, with revenue exceeding expenses. The organization holds $139 in liabilities against $224K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $224K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $177K | $224K | $139 | — | — |
| 2022 | $165K | $284K | $86K | $1K | — | View 990 |
| 2021 | $231K | $212K | $204K | $123 | — | View 990 |
| 2020 | $181K | $206K | $184K | $472 | — | View 990 |
| 2019 | $306K | $282K | $209K | $490 | — | View 990 |
| 2018 | $369K | $313K | $186K | $519 | — | View 990 |
| 2017 | $240K | $258K | $131K | $2K | — | — |
| 2016 | $300K | $300K | $151K | $346 | — | View 990 |
| 2015 | $263K | $242K | $151K | $571 | — | View 990 |
| 2014 | $261K | $273K | $130K | $435 | — | View 990 |
| 2013 | $221K | $250K | $144K | $543 | — | View 990 |
| 2012 | $285K | $241K | $172K | $971 | — | View 990 |
| 2011 | $220K | $200K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $177K, and assets of $224K (revenue +91.4% year-over-year).
- 2022: Revenue of $165K, expenses of $284K, and assets of $86K (revenue -28.7% year-over-year).
- 2021: Revenue of $231K, expenses of $212K, and assets of $204K (revenue +28.2% year-over-year).
- 2020: Revenue of $181K, expenses of $206K, and assets of $184K (revenue -40.9% year-over-year).
- 2019: Revenue of $306K, expenses of $282K, and assets of $209K (revenue -17.2% year-over-year).
- 2018: Revenue of $369K, expenses of $313K, and assets of $186K (revenue +53.7% year-over-year).
- 2017: Revenue of $240K, expenses of $258K, and assets of $131K (revenue -20.0% year-over-year).
- 2016: Revenue of $300K, expenses of $300K, and assets of $151K (revenue +14.1% year-over-year).
- 2015: Revenue of $263K, expenses of $242K, and assets of $151K (revenue +0.9% year-over-year).
- 2014: Revenue of $261K, expenses of $273K, and assets of $130K (revenue +17.9% year-over-year).
- 2013: Revenue of $221K, expenses of $250K, and assets of $144K (revenue -22.4% year-over-year).
- 2012: Revenue of $285K, expenses of $241K, and assets of $172K (revenue +29.5% year-over-year).
- 2011: Revenue of $220K, expenses of $200K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Caring Community Foundation Inc:
Data Sources and Methodology
This transparency report for The Caring Community Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.