Cape Fear Child Development Center
Cape Fear Child Development Center shows strong revenue growth and zero officer compensation, with recent positive net assets.
EIN: 203047002 · Hampstead, NC · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $852K |
| Total Expenses | $749K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $800,000. |
| Net Assets | $15K |
| Transparency Score | 85/100 |
Is Cape Fear Child Development Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cape Fear Child Development Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cape Fear Child Development Center
Cape Fear Child Development Center (EIN: 203047002) is a nonprofit organization based in Hampstead, NC, classified under NTEE code N67. The organization reported total revenue of $852K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cape Fear Child Development Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cape Fear Child Development Center is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $807K |
| Total Expenses | $749K |
| Surplus / Deficit | +$58K |
| Total Assets | $35K |
| Total Liabilities | $20K |
| Net Assets | $15K |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 57.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2023, Cape Fear Child Development Center reported a surplus of $58K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 57.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | -17.7% | +1048.1% |
| 2022 | +79.4% | +84.6% | -90.7% |
| 2021 | +27.9% | +16.7% | -24.8% |
| 2020 | -11.8% | +90.0% | +614.1% |
| 2019 | +0.0% | -39.8% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Cape Fear Child Development Center 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: 90%
- fundraising: 0%
According to IRS 990 filings, Cape Fear Child Development Center allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with recent revenues exceeding $800,000.
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 Cape Fear Child Development Center's IRS 990 filings:
- Fluctuating and sometimes negative asset balances in earlier years (e.g., -$1,000 in 2015, $3,057 in 2022)
- Lack of detailed expense breakdown in provided data to fully assess program vs. administrative spending ratios.
Strengths
The following positive indicators were identified for Cape Fear Child Development Center:
- Strong revenue growth, increasing from $133,579 in 2015 to $806,682 in 2023.
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and mission focus.
- Positive net assets in the latest filing ($35,098 in 2023), showing improved financial stability.
- Expenses generally kept below revenue in recent years (e.g., $749,135 expenses vs. $806,682 revenue in 2023).
Frequently Asked Questions about Cape Fear Child Development Center
Is Cape Fear Child Development Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Cape Fear Child Development Center (EIN: 203047002) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Cape Fear Child Development Center spend its money?
Cape Fear Child Development Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cape Fear Child Development Center tax-deductible?
Cape Fear Child Development Center is registered as a tax-exempt nonprofit (EIN: 203047002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cape Fear Child Development Center CEO make?
Cape Fear Child Development Center's highest-compensated officer earns $800,000. annually. The organization reported $852K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Cape Fear Child Development Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cape Fear Child Development Center is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cape Fear Child Development Center located?
Cape Fear Child Development Center is headquartered in Hampstead, North Carolina and files with the IRS under EIN 203047002. It is classified under NTEE code N67.
How many years of IRS 990 filings does Cape Fear Child Development Center have?
Cape Fear Child Development Center has 12 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 $852K in total revenue.
Is Cape Fear Child Development Center a good charity?
Based on the available data, Cape Fear Child Development Center appears to be a good charity. It demonstrates strong revenue growth, positive net assets in its latest filing, and a notable commitment to its mission by reporting 0% officer compensation across all periods.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Revenue has grown substantially from $133,579 in 2015 to $806,682 in 2023. While there were periods of negative assets (e.g., -$1,000 in 2015) and liabilities exceeding assets, the latest filing shows positive net assets of $35,098, indicating a more stable financial footing.
What is the organization's approach to executive compensation?
Cape Fear Child Development Center has a highly favorable approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed to programs.
Filing History
IRS 990 filing history for Cape Fear Child Development Center showing financial trends over 12 years of public records:
In its most recent filing year (2023), Cape Fear Child Development Center reported a surplus of $58K, with revenue exceeding expenses. The organization holds $20K in liabilities against $35K in assets (debt-to-asset ratio: 57.0%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $807K | $749K | $35K | $20K | — | View 990 |
| 2022 | $871K | $910K | $3K | $46K | — | View 990 |
| 2021 | $486K | $493K | $33K | $37K | — | View 990 |
| 2020 | $380K | $422K | $44K | $0 | — | View 990 |
| 2019 | $431K | $222K | $6K | $41K | — | View 990 |
| 2018 | $431K | $369K | $6K | $41K | — | — |
| 2016 | $187K | $163K | $2K | $0 | — | View 990 |
| 2015 | $134K | $194K | $-1,000 | $0 | — | View 990 |
| 2013 | $348K | $339K | $6K | $19K | — | View 990 |
| 2012 | $229K | $0 | $13K | $14K | — | View 990 |
| 2011 | $228K | $0 | $0 | $0 | — | View 990 |
| 2010 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $807K, expenses of $749K, and assets of $35K (revenue -7.4% year-over-year).
- 2022: Revenue of $871K, expenses of $910K, and assets of $3K (revenue +79.4% year-over-year).
- 2021: Revenue of $486K, expenses of $493K, and assets of $33K (revenue +27.9% year-over-year).
- 2020: Revenue of $380K, expenses of $422K, and assets of $44K (revenue -11.8% year-over-year).
- 2019: Revenue of $431K, expenses of $222K, and assets of $6K (revenue +0.0% year-over-year).
- 2018: Revenue of $431K, expenses of $369K, and assets of $6K (revenue +130.9% year-over-year).
- 2016: Revenue of $187K, expenses of $163K, and assets of $2K (revenue +39.6% year-over-year).
- 2015: Revenue of $134K, expenses of $194K, and assets of $-1,000 (revenue -61.7% year-over-year).
- 2013: Revenue of $348K, expenses of $339K, and assets of $6K (revenue +52.3% year-over-year).
- 2012: Revenue of $229K, expenses of $0, and assets of $13K (revenue +0.3% year-over-year).
- 2011: Revenue of $228K, expenses of $0, and assets of $0.
- 2010: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cape Fear Child Development Center:
Data Sources and Methodology
This transparency report for Cape Fear Child Development Center 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.