I C A R E Ministries is a 501(c)(3) organization based in Chicago, Illinois, registered in 1995, with $98,690 in FY2024 revenue. CharityIndex grades it C.
Revenue (FY2024)
$99K
▼ 27.2% vs prior year
Recreation median: $129K
Expenses (FY2024)
$119K
Net assets
$21K
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 I C A R E Ministries— 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 I C A R E Ministries: 2 mo reserves · -21% 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 I C A R E Ministries— 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 I C A R E Ministries: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $128K (FY2021) to $99K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-20.6%
Spent more than it raised in the latest fiscal year.
Total assets
$35K
Total liabilities
$14K
Net assets
$21K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $98,690▼27.2% | $119,004▲8.7% | $21,466▼48.6% | $35,315▼44.4% | 990EZ |
| 2023 | $135,562▼0.7% | $109,491▼27.6% | $41,780▲166% | $63,511▲304% | 990EZ |
| 2022 | $136,449▲6.8% | $151,166▲39.1% | $15,709▼68.2% | $15,709▼82.4% | 990EZ |
| 2021 | $127,753 | $108,671 | $49,373 | $89,286 | 990EZ |
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.
8 grants to I C A R E Ministries totaling $172K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Christian Charitable Foundation | Children's and youth ministry | 2024 | $43,000 |
| National Christian Charitable Foundation | Growth | 2023 | $27,000 |
| National Christian Charitable Foundation | Growth | 2022 | $34,500 |
| National Christian Charitable Foundation | Growth | 2022 | $34,500 |
| The Chicago Community Trust | To provide programming to build community cohesion through the chicago fund for safe and peaceful communities. | 2021 | $7,500 |
| The Chicago Community Trust | To provide programming to build community cohesion through the chicago fund for safe and peaceful communities. | 2021 | $7,500 |
| National Christian Charitable Foundation | Growth | 2020 | $10,000 |
| National Christian Charitable Foundation | Growth | 2019 | $7,500 |
Explore more
Data for I C A R E Ministries (EIN 36-3947794) 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.