philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Carecuts INC

Tax-deductible

Knoxville, TN501(c)(3)Since 2016Human Services EIN 81-4462946Revenue $465K in FY2025

On file with the IRScarecutsknox.org519 Williams St, 37917-7442 · Knoxville, TNTax-exempt since Dec 2016Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Missions ministry that provides haircuts to the homeless.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 4,386 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $132K a year · 28% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Plus $126K in investments, Pt X · Ln 11–13
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $92K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$465K
-34% vs prior year
Spent
$407K
To programs
100%
Net assets
$496K
By yearFY2020–FY2025
Revenue
$465K
FY2025▼ -34%
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021$199K
FY2022$187K
FY2023$237K
FY2024$707K
FY2025$465K
Expenses
$407K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$214K
FY2024$393K
FY2025$407K
Net assets
$496K
FY2025▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$40K
FY2021$60K
FY2022$87K
FY2023$110K
FY2024$424K
FY2025$496K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $406K Management & general 0% · $622

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Todd Graves
Treasurer
$0Pt VII · Sec A
Peggy Lusby
Secretary
$0Pt VII · Sec A
R Larry Smith
President
$0Pt VII · Sec A
James Tuttle
Vice Preside
$0Pt VII · Sec A
See Carecuts INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides haircuts to homeless individuals.

Questions for Carecuts INC

Tap to ask. Carecuts INC sees how many people are interested.

Your first name shows with your question. Carecuts INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $406K · in their own filed words · FY2025
01

Provide free haircuts, grooming services,clothes and meals to the less fortunate. More than 1,248 haircuts have been provided and 23,712 meals have been served this year.

$406Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
American Endowment FoundationFY2024$40K
United Way of Greater Knoxville INCFY2024$32K
Donor Advised Charitable Giving INCFY2024$11K
Robert Lee Weiss Foundation First TN Bank Plaza TowerFY2024$5K
Watkins Family Foundation INCFY2024$2K
GE FoundationFY2024$500
Celanese FoundationFY2024$175
Total grants receivedfrom 7 funders$92K
See all 7 funders →
Grants paid · 2 grants · $265K · 2024–2025
Unitemized GrantFY2025$114,451
Unitemized GrantFY2024$150,734

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$465K
Ln 12
Gifts and grantsLn 1h$465K
Investment incomeLn 3$20
Money outPt IX
$407K
Ln 25
Programscol B$406K
Managementcol C$622
Owns and owesPt X
$496K
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$496K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$465K
Government grantsLn 1e$6K
Noncash giftsLn 1g$113K
Investment incomeLn 3$20
Total revenueLn 12$465K
Assets in detailPt X, end of year
CashLn 1$72K
Cash and savings togetherLn 1–2$72K
InvestmentsLn 11–13$126K
Land, buildings, equipmentLn 10c$76K
Other assetsLn 15$221K
Total assetsLn 16$496K
LiabilitiesLn 26$0
Net assetsLn 32$496K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64,386
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$109K$72K
InvestmentsLn 11–13$126K
Land, buildings, equipmentLn 10c$94K$76K
Total assetsLn 16$424K$496K
LiabilitiesLn 26$0$0
Net assetsLn 32$424K$496K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$114K$114K
Other fees for servicesLn 11g$103K$102K$622
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$8K$8K
OccupancyLn 16$143K$143K
Conferences, conventions and meetingsLn 19$303$303
Depreciation, depletion and amortizationLn 22$18K$18K
Total functional expensesLn 25$407K$406K$622$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $465K$407K$58K$496K 990 PDF
FY2024 $707K$393K$314K$424K 990 PDF
FY2023 $237K$214K$23K$110K 990 PDF
FY2022 $187K$87K 990 PDF
FY2021 $199K$60K 990 PDF
FY2020 $115K$40K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $464,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $706,551$464,964
I-9 Program service revenue$0
I-10 Investment incomePrior year $29$20
I-11 Other revenue$0
I-12 Total revenuePrior year $706,580$464,984
I-13 Grants and similar amounts paidPrior year $150,734$114,451
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $242,253$292,331
I-18 Total expensesPrior year $392,987$406,782
I-19 Revenue less expensesPrior year $313,593$58,202
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $464,984 across 6 lines filed
VIII-1e Government grants$5,740
VIII-1f All other contributions, gifts and grants$459,224
VIII-1g Noncash contributions (included above)$112,900
VIII-1h Total contributions, gifts and grants$464,964
VIII-3 Investment incomeExcluded from tax $20$20
VIII-12 Total revenueExcluded from tax $20$464,984
Part IX · Statement of functional expenses $406,782 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $114,451$114,451
IX-11g Other fees for servicesPrograms $102,088 · Management $622$102,710
IX-12 Advertising and promotionPrograms $20,167$20,167
IX-13 Office expensesPrograms $7,758$7,758
IX-16 OccupancyPrograms $143,268$143,268
IX-19 Conferences, conventions and meetingsPrograms $303$303
IX-22 Depreciation, depletion and amortizationPrograms $18,125$18,125
IX-25 Total functional expensesPrograms $406,160 · Management $622 · Fundraising $0$406,782
Part X · Balance sheet $495,560 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $108,804$72,231
X-10c Land, buildings and equipment, netStart of year $94,187$76,062
X-11 Publicly traded securities$126,267
X-15 Other assetsStart of year $221,000$221,000
X-16 Total assetsStart of year $423,991$495,560
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $423,991$495,560
X-32 Total net assets or fund balancesStart of year $423,991$495,560
X-33 Total liabilities and net assetsStart of year $423,991$495,560
Part XI · Reconciliation of net assets $495,560 net assets at year end
XI-1 Total revenue$464,984
XI-2 Total expenses$406,782
XI-3 Revenue less expenses$58,202
XI-4 Net assets at start of year$423,991
XI-5 Net unrealized gains (losses) on investments$13,367
XI-10 Net assets at end of year$495,560

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.