Nonprofit screen
Screen a listCarenet Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- Supporting organization, type not stated
$5.7Mrevenue
FY2024 · +115% in 3 yrs8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−17.6%
Months of reserve2.7mo
Revenue growth (annualized)+5.1%
Middle half of peersMedianCarenet
Where the money goes FY2024 · $6.7M spent
Programs$6.2M93%Management and general$483k7%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 3 of the last 3 years
−$108k in FY2022, −$1.1M in FY2023 and −$1.0M in FY2024. Cash covers 2.7 months, under the peer median of 4.2.
990 Part I and balance sheetIn its favor1
Strong governance
8 of 9 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI4funders
$44ka year, last 3 years
96%from its largest funder
Funder’18’19’20’21’22’23North Carolina Association of Free and Charitable Clinics IncSince FY2022$96k$31kFaithhealthinnovations IncOn and off$18kFoundation for Science Art Life and TechnolgyOn and off$1kDonor-advised giftsDonors not disclosed$5k
FundedThrough a donor-advised fund