Bhcare Foundation Inc
Bhcare Foundation Inc: Strong Asset Growth, but Transparency Lacking
EIN: 222598804 · North Haven, CT · NTEE: Z99Z · Updated: 2026-04-04
Is Bhcare Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bhcare Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Bhcare Foundation Inc
Bhcare Foundation Inc (EIN: 222598804) is a nonprofit organization based in North Haven, CT, classified under NTEE code Z99Z. The organization reported total revenue of $1.9M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bhcare Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bhcare Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Bhcare Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making it difficult to assess its reasonableness.
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 Bhcare Foundation Inc's IRS 990 filings:
- Lack of detailed program spending information makes it hard to assess direct impact.
- Limited transparency regarding executive compensation.
- No clear public reporting on specific program outcomes or beneficiaries.
Strengths
The following positive indicators were identified for Bhcare Foundation Inc:
- Consistent growth in total assets, reaching $1,560,892 in 2024.
- Positive net assets over the past several years, indicating financial stability.
- Revenue has shown significant growth, from $235,026 in 2020 to $605,417 in 2024.
Frequently Asked Questions about Bhcare Foundation Inc
Is Bhcare Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bhcare Foundation Inc (EIN: 222598804) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Bhcare Foundation Inc spend its money?
Bhcare Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bhcare Foundation Inc tax-deductible?
Bhcare Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222598804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bhcare Foundation Inc do?
Bhcare Foundation Inc is a nonprofit organization in the Unknown sector, located in North Haven, Connecticut. It is classified under NTEE code Z99Z.
How much revenue does Bhcare Foundation Inc have?
Bhcare Foundation Inc reported total revenue of $1,938,624. Based on 13 IRS 990 filings on record.
What are Bhcare Foundation Inc's total assets?
Bhcare Foundation Inc holds total assets of $2,696,985 as reported in IRS 990 filings.
Where is Bhcare Foundation Inc located?
Bhcare Foundation Inc is based in North Haven, Connecticut.
What is Bhcare Foundation Inc's EIN?
Bhcare Foundation Inc's Employer Identification Number (EIN) is 222598804. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bhcare Foundation Inc?
Bhcare Foundation Inc is classified under NTEE code Z99Z (Unknown).
Is Bhcare Foundation Inc a registered 501(c)(3)?
Yes, Bhcare Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222598804.
Does Bhcare Foundation Inc file IRS Form 990?
Yes, Bhcare Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Bhcare Foundation Inc's revenue in 2024?
In the 202406 filing period, Bhcare Foundation Inc reported total revenue of $605,417, total expenses of $630,088, and net assets of $1,560,892.
Is Bhcare Foundation Inc's revenue growing or declining?
Bhcare Foundation Inc's revenue is growing. Revenue went from $488,383 (202306) to $605,417 (202406), a +24.0% change. Based on 13 filings on record.
What is Bhcare Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bhcare Foundation Inc covers tax period 202406. It shows revenue of $605,417, expenses of $630,088, total assets of $1,560,892, and liabilities of $379,959.
How much does Bhcare Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Bhcare Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Bhcare Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bhcare Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Bhcare Foundation Inc?
The following concerns were identified: Lack of detailed program spending information makes it hard to assess direct impact.. Limited transparency regarding executive compensation.. No clear public reporting on specific program outcomes or beneficiaries.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bhcare Foundation Inc's strengths?
Positive indicators for Bhcare Foundation Inc include: Consistent growth in total assets, reaching $1,560,892 in 2024.. Positive net assets over the past several years, indicating financial stability.. Revenue has shown significant growth, from $235,026 in 2020 to $605,417 in 2024.. These findings are derived from AI analysis of the organization's financial filings.
How does Bhcare Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making it difficult to assess its reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in assets from $1,081,604 in 2020 to $1,560,892 in 2024, what specific strategies has Bhcare Foundation Inc employed to achieve this growth, and how are these assets being leveraged to further its mission?
The provided data shows consistent asset growth, but the specific strategies for this growth (e.g., investment returns, major donor campaigns) are not detailed. Further, how these increased assets directly translate into enhanced program delivery or expanded services is unclear without more granular reporting.
With revenue increasing significantly from $235,026 in 2020 to $605,417 in 2024, what are the primary sources of this increased funding, and how has this revenue growth impacted the scale or scope of their programs?
While revenue has grown, the specific breakdown of funding sources (e.g., grants, individual donations, events) is not provided. Understanding these sources would offer insight into the sustainability of their funding model and how this increased income is directly applied to program expansion or new initiatives.
Filing History
IRS 990 filing history for Bhcare Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Bhcare Foundation Inc's revenue has grown by 93.7%, moving from $313K to $605K. Total assets increased by 75.2% over the same period, from $891K to $1.6M. Total functional expenses rose by 143.8%, from $258K to $630K. In its most recent filing year (2024), Bhcare Foundation Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $380K in liabilities against $1.6M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $605K | $630K | $1.6M | $380K | — | View 990 |
| 2023 | $488K | $545K | $1.4M | $297K | — | View 990 |
| 2022 | $531K | $437K | $1.3M | $187K | — | View 990 |
| 2021 | $313K | $217K | $1.4M | $23K | — | View 990 |
| 2020 | $235K | $158K | $1.1M | $6K | — | View 990 |
| 2019 | $201K | $182K | $1.0M | $53K | — | View 990 |
| 2018 | $233K | $202K | $1.0M | $39K | — | View 990 |
| 2017 | $247K | $226K | $987K | $43K | — | View 990 |
| 2016 | $223K | $219K | $972K | $100K | — | View 990 |
| 2015 | $308K | $328K | $1.0M | $127K | — | View 990 |
| 2014 | $273K | $246K | $984K | $19K | — | View 990 |
| 2013 | $273K | $307K | $921K | $37K | — | View 990 |
| 2012 | $313K | $258K | $891K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $605K, expenses of $630K, and assets of $1.6M (revenue +24.0% year-over-year).
- 2023: Revenue of $488K, expenses of $545K, and assets of $1.4M (revenue -8.0% year-over-year).
- 2022: Revenue of $531K, expenses of $437K, and assets of $1.3M (revenue +69.6% year-over-year).
- 2021: Revenue of $313K, expenses of $217K, and assets of $1.4M (revenue +33.2% year-over-year).
- 2020: Revenue of $235K, expenses of $158K, and assets of $1.1M (revenue +16.9% year-over-year).
- 2019: Revenue of $201K, expenses of $182K, and assets of $1.0M (revenue -13.7% year-over-year).
- 2018: Revenue of $233K, expenses of $202K, and assets of $1.0M (revenue -5.6% year-over-year).
- 2017: Revenue of $247K, expenses of $226K, and assets of $987K (revenue +10.7% year-over-year).
- 2016: Revenue of $223K, expenses of $219K, and assets of $972K (revenue -27.7% year-over-year).
- 2015: Revenue of $308K, expenses of $328K, and assets of $1.0M (revenue +13.0% year-over-year).
- 2014: Revenue of $273K, expenses of $246K, and assets of $984K (revenue -0.1% year-over-year).
- 2013: Revenue of $273K, expenses of $307K, and assets of $921K (revenue -12.6% year-over-year).
- 2012: Revenue of $313K, expenses of $258K, and assets of $891K.
Data Sources and Methodology
This transparency report for Bhcare Foundation 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.