Quick charity verification for Precious Care Group Inc (EIN: 208601943)
Verdict: Precious Care Group Inc appears trustworthy
92/100Mission Score
$1.2MRevenue
$902KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent revenue growth, increasing from $199,173 in 2014 to $1,201,858 in 2023.
Zero reported officer compensation across all 13 available filings, indicating high efficiency and mission focus.
Significant asset growth from $40,243 in 2014 to $902,374 in 2023, demonstrating financial stability and capacity.
Positive net income in recent years, with revenue exceeding expenses (e.g., $1,201,858 revenue vs. $978,257 expenses in 2023).
Consistent filing history (13 filings), suggesting good transparency and compliance.
Spending Breakdown
How Precious Care Group Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Precious Care Group Inc
Is Precious Care Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Precious Care Group Inc (EIN: 208601943) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Precious Care Group Inc a good charity to donate to?
Precious Care Group Inc has a Mission Score of 92/100. Revenue: $1.2M. Assets: $902K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Precious Care Group Inc?
The Employer Identification Number (EIN) for Precious Care Group Inc is 208601943. 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 Precious Care Group Inc spend its money?
Precious Care Group Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Precious Care Group Inc's tax-exempt status?
You can verify Precious Care Group Inc's tax-exempt status using EIN 208601943 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
Precious Care Group Inc demonstrates a positive trend in financial growth and program delivery. Over the past five years, the organization has seen its revenue increase significantly from $539,733 in 2019 to $1,201,858 in 2023, indicating growing support and capacity. Their latest filing shows expenses of $978,257 against revenue of $1,201,858, resulting in a surplus that contributes to asset growth. The organization's assets have also grown substantially from $81,328 in 2019 to $902,374 in 2023, suggesting sound financial management and reinvestment into its mission. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards programs rather than executive salaries.
While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the overall financial health appears robust with consistent revenue growth and asset accumulation. The absence of officer compensation is a notable strength, enhancing trust and demonstrating a lean operational model at the executive level. Further analysis would benefit from a detailed breakdown of functional expenses to fully assess spending efficiency across different categories.
Overall, Precious Care Group Inc appears to be a financially healthy and growing organization, effectively managing its resources to expand its operations. The consistent growth in revenue and assets, coupled with zero reported officer compensation, points to a well-managed and mission-focused entity. Their transparency regarding executive pay is commendable.