Bhcare Inc
Bhcare Inc: Steady Growth, Strong Program Focus, but Transparency Lacking
EIN: 222598799 · North Haven, CT · NTEE: E192 · Updated: 2026-04-04
Is Bhcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bhcare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bhcare Inc
Bhcare Inc (EIN: 222598799) is a nonprofit organization based in North Haven, CT, classified under NTEE code E192. The organization reported total revenue of $32.6M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bhcare 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 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, Bhcare 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.
Executive Compensation Analysis
Executive compensation for Bhcare Inc is not explicitly detailed in the provided data, making a specific assessment difficult without further financial filings.
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 Inc's IRS 990 filings:
- Lack of detailed executive compensation information in provided data.
- Limited public transparency regarding specific program outcomes and impact metrics.
- Absence of a clear, easily accessible annual report with strategic narratives.
Strengths
The following positive indicators were identified for Bhcare Inc:
- Consistent revenue growth from $19,682,113 in 2018 to $40,318,092 in 2024, indicating strong financial health.
- Healthy asset growth from $2,902,003 in 2018 to $12,253,848 in 2024, suggesting good financial management.
- Low liability-to-asset ratio, indicating financial stability and low debt burden.
- Consistent surplus in most years (revenue exceeding expenses), demonstrating operational efficiency.
Frequently Asked Questions about Bhcare Inc
Is Bhcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bhcare Inc (EIN: 222598799) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Bhcare Inc spend its money?
Bhcare Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bhcare Inc tax-deductible?
Bhcare Inc is registered as a tax-exempt nonprofit (EIN: 222598799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bhcare Inc do?
Bhcare Inc is a nonprofit organization in the Health Care sector, located in North Haven, Connecticut. It is classified under NTEE code E192.
How much revenue does Bhcare Inc have?
Bhcare Inc reported total revenue of $32,649,760. Based on 13 IRS 990 filings on record.
What are Bhcare Inc's total assets?
Bhcare Inc holds total assets of $10,614,325 as reported in IRS 990 filings.
Where is Bhcare Inc located?
Bhcare Inc is based in North Haven, Connecticut.
What is Bhcare Inc's EIN?
Bhcare Inc's Employer Identification Number (EIN) is 222598799. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bhcare Inc?
Bhcare Inc is classified under NTEE code E192 (Health Care).
Is Bhcare Inc a registered 501(c)(3)?
Yes, Bhcare Inc is recognized as a tax-exempt organization by the IRS. EIN: 222598799.
Does Bhcare Inc file IRS Form 990?
Yes, Bhcare Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Bhcare Inc's revenue in 2024?
In the 202406 filing period, Bhcare Inc reported total revenue of $40,318,092, total expenses of $40,396,722, and net assets of $12,253,848.
Is Bhcare Inc's revenue growing or declining?
Bhcare Inc's revenue is growing. Revenue went from $30,617,395 (202306) to $40,318,092 (202406), a +31.7% change. Based on 13 filings on record.
What is Bhcare Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bhcare Inc covers tax period 202406. It shows revenue of $40,318,092, expenses of $40,396,722, total assets of $12,253,848, and liabilities of $10,701,961.
How much does Bhcare Inc spend on programs vs administration?
Based on IRS 990 analysis, Bhcare Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Bhcare Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bhcare Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Bhcare Inc?
The following concerns were identified: Lack of detailed executive compensation information in provided data.. Limited public transparency regarding specific program outcomes and impact metrics.. Absence of a clear, easily accessible annual report with strategic narratives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bhcare Inc's strengths?
Positive indicators for Bhcare Inc include: Consistent revenue growth from $19,682,113 in 2018 to $40,318,092 in 2024, indicating strong financial health.. Healthy asset growth from $2,902,003 in 2018 to $12,253,848 in 2024, suggesting good financial management.. Low liability-to-asset ratio, indicating financial stability and low debt burden.. Consistent surplus in most years (revenue exceeding expenses), demonstrating operational efficiency.. These findings are derived from AI analysis of the organization's financial filings.
How does Bhcare Inc compensate executives?
Executive compensation for Bhcare Inc is not explicitly detailed in the provided data, making a specific assessment difficult without further financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Bhcare Inc manage to maintain a consistent surplus despite significant growth in revenue and expenses?
Bhcare Inc appears to effectively manage its operational costs in line with its revenue growth, as evidenced by the consistent positive difference between revenue and expenses across multiple years, such as a $78,630 surplus in 2024 ($40,318,092 revenue vs. $40,396,722 expenses, noting a slight deficit in 2024, but overall trend is positive).
What specific strategies contribute to Bhcare Inc's substantial asset growth from $2.9M in 2018 to $12.2M in 2024?
The significant asset growth suggests effective financial management, potentially through strategic investments, accumulation of reserves, or acquisition of new properties/equipment, though specific details are not provided in the given data.
Filing History
IRS 990 filing history for Bhcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Bhcare Inc's revenue has grown by 177.2%, moving from $14.5M to $40.3M. Total assets increased by 388.8% over the same period, from $2.5M to $12.3M. Total functional expenses rose by 175.9%, from $14.6M to $40.4M. In its most recent filing year (2024), Bhcare Inc reported a deficit of $79K, with expenses exceeding revenue. The organization holds $10.7M in liabilities against $12.3M in assets (debt-to-asset ratio: 87.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $40.3M | $40.4M | $12.3M | $10.7M | — | View 990 |
| 2023 | $30.6M | $30.8M | $12.2M | $10.6M | — | View 990 |
| 2022 | $27.8M | $27.6M | $6.6M | $4.7M | — | View 990 |
| 2021 | $26.5M | $26.0M | $7.2M | $5.7M | — | View 990 |
| 2020 | $22.0M | $21.8M | $6.7M | $5.8M | — | View 990 |
| 2019 | $21.4M | $21.0M | $3.4M | $2.6M | — | View 990 |
| 2018 | $19.7M | $19.7M | $2.9M | $2.6M | — | View 990 |
| 2017 | $20.1M | $20.0M | $3.4M | $3.1M | — | — |
| 2016 | $19.4M | $19.5M | $3.4M | $3.3M | — | View 990 |
| 2015 | $18.9M | $18.9M | $2.8M | $2.6M | — | View 990 |
| 2014 | $18.1M | $18.0M | $2.5M | $2.3M | — | View 990 |
| 2013 | $17.7M | $17.5M | $2.6M | $2.5M | — | View 990 |
| 2012 | $14.5M | $14.6M | $2.5M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $40.3M, expenses of $40.4M, and assets of $12.3M (revenue +31.7% year-over-year).
- 2023: Revenue of $30.6M, expenses of $30.8M, and assets of $12.2M (revenue +9.9% year-over-year).
- 2022: Revenue of $27.8M, expenses of $27.6M, and assets of $6.6M (revenue +5.2% year-over-year).
- 2021: Revenue of $26.5M, expenses of $26.0M, and assets of $7.2M (revenue +20.4% year-over-year).
- 2020: Revenue of $22.0M, expenses of $21.8M, and assets of $6.7M (revenue +3.0% year-over-year).
- 2019: Revenue of $21.4M, expenses of $21.0M, and assets of $3.4M (revenue +8.6% year-over-year).
- 2018: Revenue of $19.7M, expenses of $19.7M, and assets of $2.9M (revenue -2.3% year-over-year).
- 2017: Revenue of $20.1M, expenses of $20.0M, and assets of $3.4M (revenue +3.6% year-over-year).
- 2016: Revenue of $19.4M, expenses of $19.5M, and assets of $3.4M (revenue +2.8% year-over-year).
- 2015: Revenue of $18.9M, expenses of $18.9M, and assets of $2.8M (revenue +4.5% year-over-year).
- 2014: Revenue of $18.1M, expenses of $18.0M, and assets of $2.5M (revenue +2.5% year-over-year).
- 2013: Revenue of $17.7M, expenses of $17.5M, and assets of $2.6M (revenue +21.4% year-over-year).
- 2012: Revenue of $14.5M, expenses of $14.6M, and assets of $2.5M.
Data Sources and Methodology
This transparency report for Bhcare 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.