Is Coastal Kids Home Care Legit?

Quick charity verification for Coastal Kids Home Care (EIN: 202549984)

Verdict: Coastal Kids Home Care appears trustworthy

92/100Mission Score
$16.1MRevenue
$13.7MAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Coastal Kids Home Care demonstrates strong financial health and growth, with revenue increasing from $1,219,335 in 2014 to $11,342,356 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $11,342,356 exceeded expenses of $10,397,616. This consistent surplus has allowed for significant asset growth, from $25,177 in 2014 to $11,777,072 in 2023, indicating sound financial management and capacity building. The organization's liabilities have also grown, but at a slower pace than assets, maintaining a healthy balance sheet. Spending efficiency appears to be a core strength, with a significant portion of expenses likely directed towards program services, given the nature of a home care organization. The consistent growth in revenue and assets suggests effective fundraising and operational management. The absence of reported officer compensation across all available filings is a notable indicator of transparency and potentially a volunteer-led or very lean executive structure, which can be a positive sign for donor confidence. Overall, Coastal Kids Home Care exhibits robust financial performance, responsible asset accumulation, and a strong commitment to its mission, as evidenced by its consistent growth and lack of reported executive compensation. The organization's financial trajectory over the past decade points to a well-managed and impactful charity.

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Disclaimer

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

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