Carecuts Inc
- Assets
- $59.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 12/2016
- Data as of
- 12/2021
- EIN
- 81-4462946
Organization Overview
Carecuts Inc is located in Knoxville, TN. The organization was established in 2016. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carecuts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Carecuts Inc generated $198.8k in total revenue. All expenses for the organization totaled $179.3k during the year ending 12/2021. While expenses have increased by 121.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE FREE HAIRCUTS, GROOMING SERVICES,CLOTHES AND MEALS TO THE LESS FORTUNATE. MORE THAN 3,292 HAIRCUTS HAVE BEEN PROVIDED AND 10,476 MEALS HAVE BEEN SERVED THIS YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda A Long Treasurer | 3 | $0 | |
Tim Hill Vice Preside | 8 | $0 | |
Jane Craddock Secretary | 8 | $0 | |
Mary Katherine Wormsley President | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,664 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $145 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,809 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $52,475 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,883 |
| Total expenses | $179,326 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,611 |
| Other assets | $0 |
| Total assets | $59,611 |
| Total liabilities | $0 |
| Net assets or fund balances | $59,611 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carecuts Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
United Way Of Greater Knoxville Inc Knoxville, TN | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumbee Land Development Inc Pembroke, NC | $104,644,049 | $36,954,542 |
Georgia Investor Action Fund Inc Atlanta, GA | $1,202,318 | $9,887,043 |
Samaritan House Community Center Rogers, AR | $3,368,725 | $7,534,821 |
E C Canada & Associates Inc Greensboro, NC | $229,550 | $4,504,238 |
Sylacauga Alliance For Family Enhancement Inc - Safe Sylacauga, AL | $1,918,841 | $3,896,450 |
Narrow Gate Foundation Duck River, TN | $1,833,553 | $2,973,441 |
Center For Executive Leadership Inc Birmingham, AL | $2,490,667 | $2,959,899 |
Project Rescue Foundation Springfield, MO | $4,016,610 | $3,399,257 |
Intown Collaborative Ministries Atlanta, GA | $816,682 | $2,226,002 |
Peoples Community Action Corporation Saint Louis, MO | $434,410 | $2,462,930 |
Hunter Lewis Foundation Edinburg, VA | $11,546,934 | $10,116 |
Restore Hope Inc Little Rock, AR | $316,312 | $1,564,715 |