Care Free Medical Inc is a 501(c)(3) organization based in Lansing, Michigan, registered in 2004, with $2,015,156 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$2.0M
▼ 7.7% vs prior year
Health median: $840K
Expenses (FY2024)
$2.1M
Net assets
$214K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Care Free Medical Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Care Free Medical Inc: 1 mo reserves · -5% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Care Free Medical Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Care Free Medical Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $1.7M (FY2013) to $2.0M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
-5.3%
Spent more than it raised in the latest fiscal year.
Total assets
$701K
Total liabilities
$487K
Net assets
$214K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,015,156▼7.7% | $2,121,176▼2.7% | $214,403▼33.1% | $701,219▲16.7% | 990 |
| 2023 | $2,182,903▼0.9% | $2,179,229▲3.9% | $320,423▼16.5% | $601,044▲18.2% | 990 |
| 2022 | $2,202,206▲28.1% | $2,097,519▲18.7% | $383,938▲35.6% | $508,669▼30.3% | 990 |
| 2021 | $1,719,049▼0.4% | $1,767,151▲1.6% | $283,042▼14.0% | $730,059▲29.4% | 990 |
| 2020 | $1,726,689▲34.9% | $1,738,882▲1.2% | $329,090▼2.7% | $564,064▲15.9% | 990 |
| 2019 | $1,280,411▼22.6% | $1,718,423▲17.9% | $338,072▼56.3% | $486,522▼48.8% | 990 |
| 2018 | $1,654,856▼3.6% | $1,457,211▼3.5% | $773,920▲29.4% | $950,375▲26.4% | 990 |
| 2017 | $1,716,972▲28.1% | $1,510,620▲5.4% | $597,985▲124% | $752,129▲55.7% | 990 |
| 2015 | $1,340,531▼9.9% | $1,433,872▼3.7% | $266,746▼25.9% | $482,997▼15.9% | 990 |
| 2014 | $1,487,674▼13.4% | $1,488,776▼16.8% | $360,087▼0.3% | $574,443▲3.3% | 990 |
| 2013 | $1,717,608 | $1,788,635▲24.7% | $361,189▼16.4% | $555,981▼12.8% | 990 |
| 2012 | — | $1,434,333▲16.4% | $432,216▲2.8% | $637,713▼0.5% | 990 |
| 2011 | — | $1,232,238▲12.4% | $420,358▼1.3% | $640,800▼2.1% | 990 |
| 2010 | — | $1,096,785 | $426,052 | $654,833 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
26 grants to Care Free Medical Inc totaling $691K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Health Endowment Fund | Technology improvements for care free medical and optometry | 2024 | $56,900 |
| American Online Giving Foundation Inc | General support | 2024 | $20,742 |
| Mclaren Greater Lansing | Golf outing sponsor, dancing with the stars | 2023 | $55,500 |
| American Online Giving Foundation Inc | General support | 2023 | $13,200 |
| Donor Advised Charitable Giving | Health | 2023 | $6,900 |
| Tides Foundation | Healthy individuals and communities | 2022 | $52,000 |
| Tides Foundation | Healthy individuals and communities | 2022 | $52,000 |
| Donor Advised Charitable Giving | Health | 2022 | $7,850 |
| American Online Giving Foundation Inc | General support | 2022 | $7,543 |
| Mclaren Greater Lansing | Golf outing sponsor | 2022 | $5,500 |
| Mclaren Greater Lansing | Golf outing sponsor | 2022 | $5,500 |
| Community Foundation For Southeast Michigan | Care free medical fund the move | 2021 | $25,000 |
| Donor Advised Charitable Giving | Health | 2021 | $9,600 |
| American Online Giving Foundation Inc | General support | 2021 | $5,066 |
| Michigan Health Endowment Fund | Capital area prescription for health | 2020 | $136,000 |
Explore more
Data for Care Free Medical Inc (EIN 14-1909938) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.