Is Caring Hands Healthcare Centers Inc Legit?

Quick charity verification for Caring Hands Healthcare Centers Inc (EIN: 203587410)

Verdict: Caring Hands Healthcare Centers Inc appears trustworthy

85/100Mission Score
$21.2MRevenue
$17.1MAssets
1Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Caring Hands Healthcare Centers Inc allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Caring Hands Healthcare Centers Inc

Is Caring Hands Healthcare Centers Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Caring Hands Healthcare Centers Inc (EIN: 203587410) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Caring Hands Healthcare Centers Inc a good charity to donate to?

Caring Hands Healthcare Centers Inc has a Mission Score of 85/100. Revenue: $21.2M. Assets: $17.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Caring Hands Healthcare Centers Inc?

The Employer Identification Number (EIN) for Caring Hands Healthcare Centers Inc is 203587410. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Caring Hands Healthcare Centers Inc spend its money?

Caring Hands Healthcare Centers Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Caring Hands Healthcare Centers Inc's tax-exempt status?

You can verify Caring Hands Healthcare Centers Inc's tax-exempt status using EIN 203587410 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Caring Hands Healthcare Centers Inc demonstrates strong financial health and growth, with revenue consistently increasing over the past decade, from $1.5 million in 2014 to over $17 million in 2023. The organization has also significantly grown its assets, from $335,422 in 2014 to $11,699,055 in 2023, indicating effective asset management and reinvestment. Their spending efficiency appears robust, as expenses generally remain well below revenue, allowing for asset accumulation and operational stability. For instance, in 2023, expenses were $13,326,763 against revenues of $17,068,359, showing a healthy surplus. The organization's transparency regarding executive compensation is notable, reporting 0% officer compensation across all available filings. This suggests that key leadership may be compensated through other means or that the organization operates with a highly volunteer-driven or modestly compensated leadership structure, which can be a positive indicator for donors. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency across these categories is limited. The consistent growth and positive financial trends suggest a well-managed and financially stable entity.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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