I Care Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Thin reserves Growing revenue
I Care Inc is a 501(c)(3) organization based in Statesville, North Carolina, registered in 1967, with $4,512,948 in FY2024 revenue. CharityIndex grades it C+.
Po Box 7049, Statesville, NC, 28687 EIN 56-0860841 Since 1967
Revenue (FY2024)
$4.5M
▼ 2.2% vs prior year
Expenses (FY2024)
$4.7M
Net assets
$237K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Care Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -3% margin
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 Care Inc: 1 mo reserves · -3% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Care Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
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 Care Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 7049, Statesville, NC, 28687
- City
- Statesville
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $4.0M (FY2015) to $4.5M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $654KNet assets $237K
Operating margin
-3.2%
Spent more than it raised in the latest fiscal year.
Total assets
$892K
Total liabilities
$654K
Net assets
$237K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,512,948▼2.2% | $4,657,312▲4.4% | $237,284▼55.4% | $891,523▼13.9% | 990 |
| 2023 | $4,615,352▲8.0% | $4,461,343▲7.7% | $532,304▲40.7% | $1,035,144▲17.4% | 990 |
| 2022 | $4,273,569▲12.0% | $4,142,898▲6.4% | $378,295▲76.2% | $881,924▲48.6% | 990 |
| 2021 | $3,815,246▼4.0% | $3,894,801▼5.1% | $214,752▼27.0% | $593,366▼9.0% | 990 |
| 2020 | $3,972,250▲1.1% | $4,104,249▲5.5% | $294,307▼31.0% | $651,709▲0.7% | 990 |
| 2019 | $3,929,554▲0.8% | $3,890,490▲1.9% | $426,306▲10.1% | $647,296▲9.1% | 990 |
| 2018 | $3,898,921 | $3,816,531▲1.0% | $387,242▲9.9% | $593,172▼13.3% | 990 |
| 2017 | $3,897,455▼1.7% | $3,780,110▼3.2% | $352,495▲25.8% | $684,006▲46.0% | 990 |
| 2016 | $3,964,219▼2.1% | $3,905,205▼1.3% | $280,300▲8.2% | $468,509▼19.1% | 990 |
| 2015 | $4,048,173 | $3,957,367 | $259,026 | $579,196 | 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.
Grants received · $129K total
8 grants to I Care Inc totaling $129K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $6,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2023 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $8,000 |
| Foundation For the Carolinas | Charitable gift | 2023 | $8,000 |
| Foundation For the Carolinas | Charitable gift | 2022 | $12,143 |
| Foundation For the Carolinas | Charitable gift | 2021 | $12,000 |
| Foundation For the Carolinas | Charitable gift | 2019 | $33,000 |
| Foundation For the Carolinas | Charitable gift | 2018 | $25,000 |
Frequently asked questions
- Is I Care Inc a legitimate nonprofit?
- Yes. I Care Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0860841, based in Statesville, North Carolina. Donations are tax-deductible.
- What is I Care Inc's EIN?
- I Care Inc's Employer Identification Number (EIN) is 56-0860841.
- How much revenue does I Care Inc report?
- I Care Inc reported $4,512,948 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does I Care Inc have?
- CharityIndex grades I Care Inc C+, based on financial health (reserves and operating margin).
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Data for I Care Inc (EIN 56-0860841) 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.