B H R A G S Homecare Inc
B H R A G S Homecare Inc. experiences rapid revenue growth and consistent surpluses with no reported officer compensation.
EIN: 112579798 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $122.1M |
| Total Expenses | $77.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $81 |
| Net Assets | $16.2M |
| Transparency Score | 85/100 |
Is B H R A G S Homecare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
B H R A G S Homecare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About B H R A G S Homecare Inc
B H R A G S Homecare Inc (EIN: 112579798) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $122.1M and total assets of $54.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of B H R A G S Homecare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
B H R A G S Homecare Inc is a major nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81.1M |
| Total Expenses | $77.0M |
| Surplus / Deficit | +$4.1M |
| Total Assets | $23.3M |
| Total Liabilities | $7.1M |
| Net Assets | $16.2M |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 30.5% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, B H R A G S Homecare Inc reported a surplus of $4.1M with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 30.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), B H R A G S Homecare Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +243.3% | +222.8% | -0.6% |
| 2022 | -39.6% | -37.5% | +2.2% |
| 2022 | +2.5% | +12.3% | +9.3% |
| 2021 | +38.5% | +24.2% | +2.2% |
| 2020 | +26.8% | +30.7% | +70.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates B H R A G S Homecare Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, B H R A G S Homecare Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with over $81 million in revenue in 2023.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of B H R A G S Homecare Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, warranting further investigation.
- Rapid growth in revenue and assets could strain internal controls if not managed properly, though consistent surpluses suggest effective financial oversight thus far.
Strengths
The following positive indicators were identified for B H R A G S Homecare Inc:
- Strong financial growth with revenue increasing from $25.6M in 2015 to $81M in 2023.
- Consistent operational surpluses, indicating effective financial management (e.g., $4.1M surplus in 2023).
- No reported officer compensation, suggesting a high dedication of funds to the mission.
- Significant increase in assets, demonstrating growing capacity and financial health.
Frequently Asked Questions about B H R A G S Homecare Inc
Is B H R A G S Homecare Inc a legitimate charity?
B H R A G S Homecare Inc (EIN: 112579798) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $122.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does B H R A G S Homecare Inc spend its money?
B H R A G S Homecare Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to B H R A G S Homecare Inc tax-deductible?
B H R A G S Homecare Inc is registered as a tax-exempt nonprofit (EIN: 112579798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the B H R A G S Homecare Inc CEO make?
B H R A G S Homecare Inc's highest-compensated officer earns $81 annually. The organization reported $122.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of B H R A G S Homecare Inc's spending goes to programs?
B H R A G S Homecare Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is B H R A G S Homecare Inc located?
B H R A G S Homecare Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112579798.
How many years of IRS 990 filings does B H R A G S Homecare Inc have?
B H R A G S Homecare Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $122.1M in total revenue.
Is B H R A G S Homecare Inc. financially stable?
Yes, the organization appears financially stable, consistently reporting revenue exceeding expenses, leading to operational surpluses. For example, in 2023, revenue was $81,086,881 against expenses of $76,979,173.
How has the organization's revenue grown over time?
B H R A G S Homecare Inc. has experienced significant revenue growth, increasing from $25,662,358 in 2015 to $81,086,881 in 2023, demonstrating a substantial expansion in its operations.
What is the trend in the organization's assets and liabilities?
Assets have grown considerably from $11,359,076 in 2015 to $23,311,566 in 2023. Liabilities have also increased over time, reaching a high of $9,247,392 in 2020, but have since decreased to $7,114,542 in 2023.
Does the organization pay its officers?
According to the IRS 990 filings, officer compensation is consistently reported as 0% for all available periods, indicating no direct compensation to officers.
Filing History
IRS 990 filing history for B H R A G S Homecare Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), B H R A G S Homecare Inc's revenue has grown by 256.2%, moving from $22.8M to $81.1M. Total assets increased by 208.7% over the same period, from $7.6M to $23.3M. Total functional expenses rose by 258%, from $21.5M to $77.0M. In its most recent filing year (2023), B H R A G S Homecare Inc reported a surplus of $4.1M, with revenue exceeding expenses. The organization holds $7.1M in liabilities against $23.3M in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81.1M | $77.0M | $23.3M | $7.1M | — | View 990 |
| 2022 | $23.6M | $23.8M | $23.5M | $7.3M | — | — |
| 2022 | $39.1M | $38.2M | $23.0M | $6.5M | — | View 990 |
| 2021 | $38.2M | $34.0M | $21.0M | $5.5M | — | View 990 |
| 2020 | $27.5M | $27.3M | $20.5M | $9.2M | — | View 990 |
| 2019 | $21.7M | $20.9M | $12.1M | $1.1M | — | View 990 |
| 2018 | $19.7M | $19.0M | $12.8M | $1.1M | — | View 990 |
| 2017 | $18.9M | $17.6M | $12.1M | $810K | — | View 990 |
| 2016 | $19.7M | $18.3M | $11.3M | $2.1M | — | View 990 |
| 2015 | $25.7M | $23.5M | $11.4M | $3.3M | — | View 990 |
| 2014 | $25.6M | $22.9M | $8.7M | $3.4M | — | View 990 |
| 2013 | $22.3M | $22.4M | $5.7M | $2.3M | — | — |
| 2012 | $24.8M | $23.5M | $7.0M | $2.0M | — | View 990 |
| 2011 | $22.8M | $21.5M | $7.6M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81.1M, expenses of $77.0M, and assets of $23.3M (revenue +243.3% year-over-year).
- 2022: Revenue of $23.6M, expenses of $23.8M, and assets of $23.5M (revenue -39.6% year-over-year).
- 2022: Revenue of $39.1M, expenses of $38.2M, and assets of $23.0M (revenue +2.5% year-over-year).
- 2021: Revenue of $38.2M, expenses of $34.0M, and assets of $21.0M (revenue +38.5% year-over-year).
- 2020: Revenue of $27.5M, expenses of $27.3M, and assets of $20.5M (revenue +26.8% year-over-year).
- 2019: Revenue of $21.7M, expenses of $20.9M, and assets of $12.1M (revenue +10.1% year-over-year).
- 2018: Revenue of $19.7M, expenses of $19.0M, and assets of $12.8M (revenue +4.2% year-over-year).
- 2017: Revenue of $18.9M, expenses of $17.6M, and assets of $12.1M (revenue -4.0% year-over-year).
- 2016: Revenue of $19.7M, expenses of $18.3M, and assets of $11.3M (revenue -23.2% year-over-year).
- 2015: Revenue of $25.7M, expenses of $23.5M, and assets of $11.4M (revenue +0.4% year-over-year).
- 2014: Revenue of $25.6M, expenses of $22.9M, and assets of $8.7M (revenue +14.4% year-over-year).
- 2013: Revenue of $22.3M, expenses of $22.4M, and assets of $5.7M (revenue -9.9% year-over-year).
- 2012: Revenue of $24.8M, expenses of $23.5M, and assets of $7.0M (revenue +9.0% year-over-year).
- 2011: Revenue of $22.8M, expenses of $21.5M, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for B H R A G S Homecare Inc:
Data Sources and Methodology
This transparency report for B H R A G S Homecare Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.