Overview
What is Icare Inc?
Icare Inc is a nonprofit organization situated in Statesville, North Carolina. With a focus on empowering and assisting low-income individuals and families, Icare Inc offers Head Start and Early Head Start programs, which are initiatives under the U.S. Department of Health and Human Services. These programs provide educational, nutritional, and social services to families with young children, ensuring they are well-prepared to commence school. The organization aims to help these families become self-sufficient and independent, also contributing to the revitalization of their communities. Icare Inc employs around 70 individuals.
Official website here: www.icare-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star rating
Icare Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored 91% in this category, indicating a high level of transparency and responsible financial management, which is crucial for donor trust and support. The majority of the board members are independent, with a fully independent board, enhancing the organization's governance structure.
The organization demonstrates excellent financial practices, with a significant 98.96% of expenses directed toward its programs. This high program expense ratio suggests that Icare Inc effectively utilizes its funds to fulfill its mission. Additionally, the presence of robust policies on conflict of interest, whistleblower protections, and document retention further supports its commitment to accountability.
However, one area for improvement noted is the liabilities to assets ratio, which stands at 57.10%. While this is not necessarily concerning, it indicates that the organization could work on reducing its liabilities relative to its assets to ensure long-term financial sustainability. Overall, Icare Inc is well-rated for its accountability and financial health, making it a trustworthy nonprofit for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Icare Inc legitimate?
Icare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Icare Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $131,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,968,619
For more financial information, click here
Official website here: www.icare-inc.org
What is the mission statement of Icare Inc?
Icare Inc's mission is to empower and assist individuals and families with low-income levels, enabling them to acquire necessary skills, knowledge, motivation, and opportunities. This mission aims to help these individuals become self-sufficient and independent, ultimately revitalizing their communities. Icare Inc achieves this through various initiatives, including Head Start and Early Head Start programs offered by the U.S. Department of Health and Human Services. These programs provide educational, nutritional, and social services to low-income families with young children, ensuring they are well-prepared to begin their schooling. Head Start serves families with children aged three and four, while Early Head Start serves families with children under three years old.
Official website here: www.icare-inc.org
Who is the CEO of Icare Inc?
Bryan Duncan is the Board Chair of Icare Inc.
Official website here: www.icare-inc.org
What is the revenue of Icare Inc?
Icare Inc's revenue in 2023 was $4,273,569.
Official website here: www.icare-inc.org
Who are the executives of Icare Inc and what are their salaries?
The average compensation at Icare Inc during 2023 was $29,996. There are 70 employees and 50 volunteers at Icare Inc.
Here are 19 key members and their salaries:
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- Compensation: $63,776
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- Other: $8,707
Official website here: www.icare-inc.org
Where can I find the form 990 for Icare Inc?
Icare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.icare-inc.org
Learn more at the official website: www.icare-inc.org
Mission Statement of Icare Inc
Icare Inc, a nonprofit organization, is dedicated to empowering and assisting low-income individuals and families. Their mission is to equip these individuals with the necessary skills, knowledge, motivation, and opportunities to become self-sufficient and independent. By doing so, Icare Inc also aims to revitalize their communities.
More specifically, Icare Inc focuses on providing support to low-income families with young children through their Head Start and Early Head Start programs. These programs, which are part of the U.S. Department of Health and Human Services, offer educational, nutritional, and social services to these families. The Head Start program serves families with children aged three and four, while Early Head Start serves families with children under the age of three. These programs are designed to ensure that the children are well-prepared to begin their formal education.
In essence, Icare Inc's mission is to provide a solid foundation for low-income families, helping them to overcome their challenges and reach their full potential. By offering educational and support services, the organization is not only preparing the children for school but also equipping the parents with the tools they need to improve their lives and contribute positively to their communities.
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Impact
July, 2024
Icare Inc's impact lies in its mission to empower and assist low-income individuals and families in attaining skills, knowledge, motivation, and opportunities to become self-sufficient and independent. Through programs such as Head Start and Early Head Start, the organization provides educational, nutrition, and social services to ensure that children from low-income families are ready to start school. By focusing on early childhood development, Icare Inc helps break the cycle of poverty and works towards revitalizing communities.
This information is meant to be a general summary of Icare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $40
- Gross Receipts: $4,273,569
Assets and Liabilities:
- Total Assets: $881,924
- Total Liabilities: $503,629
- Net Assets: $378,295
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Organization Details
Founding Year
1965
Phone
(704) 872-8141Principal Officer
Bryan Duncan
Main Address
PO BOX 7049, STATESVILLE, NC, 28687
Website
www.icare-inc.orgNTEE Category
Code: B00 - Education
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