Carenet Inc

Human Services · Winston Salem, North Carolina

2000 W 1St St Ste 410, Winston Salem, NC 27104-4225

EIN: 561977341· Founded: Dec 1996· 30 years active· Filing Year: 2023

Annual Revenue

$5.2M

Total Expenses

$6.4M

Total Assets

$2.2M

Program Spending

80%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$46K

0.7% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$4.5M

Total Payroll

$4.5M

71% of total expenses

Where the Money Goes

80%

Programs: 80%

Payroll: 71%

Other overhead: 20%

Program Revenue$5.1M (98%)

Total Expenses$6.4M (100%)

Payroll$4.5M (71%)

Overhead (non-program)20%

Trust Score Breakdown

Program Spending Ratio

80% of expenses go to programs

40%

Revenue & Stability

$5.2M annual revenue

15%

Executive Compensation

$46K total officer comp (0.7% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$2.2M in assets

10%

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Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.