Carebag Inc
- Assets
- $86.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port Saint Lucie, FL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-5073954
Organization Overview
Carebag Inc is located in Port Saint Lucie, FL. The organization was established in 2017. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, 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. Carebag 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 12/2023, Carebag Inc generated $166.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $164.3k during the year ending 12/2023. While expenses have increased by 22.5% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PURCHASED A MOBILE SHOWER UNIT TO PROVIDE HOT SHOWERS TO THE HOMELESS AND THOSE IN NEED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,151 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $166,151 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,807 |
| Professional fees and other payments to independent contractors | $2,103 |
| Occupancy, rent, utilities, and maintenance | $21,223 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $99,151 |
| Total expenses | $164,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,906 |
| Other assets | $0 |
| Total assets | $86,945 |
| Total liabilities | $7,725 |
| Net assets or fund balances | $79,220 |