Care Net Pregnancy & Family Services of Puget Sound 
The information on this page was last updated 3/8/2024. If you see errors or omissions, please email: [email protected]
Summary
You deserve a comfortable and confidential place to explore all your pregnancy options without judgment. We are a non-profit clinic staffed with professionals focused on empowering you to navigate your decision with clarity and control.
Contact information
Mailing address:
Care Net Pregnancy & Family Services
1924 S Cedar St
Suite B
Tacoma, WA 98405
Website: carenetps.org
Phone: 253-383-6033
Email: [email protected]
Organization details
EIN: 911226978
CEO/President: Ben Edwards
Chairman: Ben Hull
Board size: 5
Founder:
Ruling year: 1983
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2015
Purpose
Care Net offers hope by providing compassionate practical care, accurate information, Biblical Truth, and life-affirming resources for pregnancy, sexual health & integrity, and abortion recovery.
Mission statement
Statement of faith
The doctrinal statement can be found here: https://supportcnps.org/statement-of-faith/
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Pro-Life
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 455 of 1106 | 14 of 30 |
| Fund acquisition rating | | 244 of 1107 | 7 of 30 |
| Resource allocation rating | | 413 of 1107 | 11 of 30 |
| Asset utilization rating | | 826 of 1106 | 25 of 30 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 5% | 6% | 3% | 5% | 5% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 5% | 6% | 3% | 5% | 5% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 93% | 100% | 100% | 105% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 10% | 6% | 8% | 5% | 5% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 7% | 0% | 0% | -5% | 0% | 0% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 80% | 83% | 89% | 91% | 88% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 95% | 80% | 73% | 67% | 93% | 93% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 66% | 64% | 61% | 82% | 82% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 5% | 20% | 27% | 33% | 7% | 7% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 14% | 20% | 28% | 6% | 7% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 9% | 11% | 3% | 4% | 7% | 6% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.99 | 0.51 | 0.53 | 0.49 | 0.85 | 0.87 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.62 | 1.65 | 1.83 | 2.11 | 2.23 | 2.66 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.57 | 0.84 | 0.97 | 1.04 | 1.89 | 2.33 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.57 | 30.48 | 133.83 | 68.18 | 50.97 | 24.80 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.03 | 0.01 | 0.01 | 0.02 | 0.04 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.25 | 13.87 | 12.30 | 11.42 | 6.22 | 4.95 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 16% | 7% | 0% | 14% | 1% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 89% | 183% | 188% | 176% | 117% | 112% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $2,836,051 | $2,001,728 | $1,600,965 | $911,956 | $606,072 |
| Receivables, inventories, prepaids | $146,758 | $164,995 | $134,189 | $119,503 | $213,066 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $2,982,809 | $2,166,723 | $1,735,154 | $1,031,459 | $819,138 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,703,746 | $1,794,880 | $1,921,645 | $1,263,880 | $1,358,362 |
| Other long-term assets | $241,977 | $0 | $0 | $0 | $0 |
| Total long-term assets | $1,945,723 | $1,794,880 | $1,921,645 | $1,263,880 | $1,358,362 |
| Total assets | $4,928,532 | $3,961,603 | $3,656,799 | $2,295,339 | $2,177,500 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $60,360 | $16,190 | $25,449 | $20,238 | $33,030 |
| Other current liabilities | $37,500 | $0 | $0 | $0 | $0 |
| Total current liabilities | $97,860 | $16,190 | $25,449 | $20,238 | $33,030 |
| Debt | $0 | $0 | $0 | $0 | $6,793 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $250,873 | $0 | $475,212 | $0 | $0 |
| Total long-term liabilities | $250,873 | $0 | $475,212 | $0 | $6,793 |
| Total liabilities | $348,733 | $16,190 | $500,661 | $20,238 | $39,823 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $4,421,363 | $3,684,515 | $2,639,408 | $2,023,040 | $1,959,086 |
| With donor restrictions | $158,436 | $260,898 | $516,730 | $252,061 | $178,591 |
| Net assets | $4,579,799 | $3,945,413 | $3,156,138 | $2,275,101 | $2,137,677 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $3,134,598 | $2,885,175 | $2,812,395 | $2,082,680 | $2,052,753 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $4,526 | $615 | ($137,037) | $893 | $378 |
| Other revenue | ($8,751) | $1,331 | $1,945 | $4,032 | $2,085 |
| Total other revenue | ($4,225) | $1,946 | ($135,092) | $4,925 | $2,463 |
| Total revenue | $3,130,373 | $2,887,121 | $2,677,303 | $2,087,605 | $2,055,216 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $2,069,418 | $1,859,534 | $1,628,925 | $1,721,592 | $1,682,481 |
| Management and general | $267,315 | $66,504 | $77,291 | $131,293 | $112,674 |
| Fundraising | $159,254 | $171,808 | $90,050 | $97,296 | $109,829 |
| Total expenses | $2,495,987 | $2,097,846 | $1,796,266 | $1,950,181 | $1,904,984 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $634,386 | $789,275 | $881,037 | $137,424 | $150,232 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $634,386 | $789,275 | $881,037 | $137,424 | $150,232 |
Compensation
| Name | Title | Compensation |
| Dave Mitchell | Executive Director | $99,823 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/8/2024. To update the information below, please email: [email protected]