Cardinal Hayes Home For Children
Cardinal Hayes Home For Children consistently manages finances with growing assets and no reported officer compensation.
EIN: 141395444 · Millbrook, NY · NTEE: P730 · Updated: 2026-03-28
Is Cardinal Hayes Home For Children Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cardinal Hayes Home For Children directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cardinal Hayes Home For Children
Cardinal Hayes Home For Children (EIN: 141395444) is a nonprofit organization based in Millbrook, NY, classified under NTEE code P730. The organization reported total revenue of $33.0M and total assets of $27.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cardinal Hayes Home For Children'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 Cardinal Hayes Home For Children with a Mission Score of 88 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, Cardinal Hayes Home For Children 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
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $20 million. This suggests that executive leadership may be compensated through other means not categorized as 'Officer Comp' or that the organization relies on volunteer leadership, which would be a significant strength in minimizing administrative overhead.
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 Cardinal Hayes Home For Children's IRS 990 filings:
- Consistent 0% officer compensation, which is highly unusual for an organization of this size and warrants further scrutiny into the full compensation structure.
- Fluctuating liabilities, though generally decreasing, indicate potential variability in financial obligations over time.
Strengths
The following positive indicators were identified for Cardinal Hayes Home For Children:
- Consistent revenue generation, with latest revenue at $32,962,548 and a history of exceeding $20 million annually.
- Steady growth in assets, from $16,466,817 in 2014 to $21,529,844 in 2023, indicating financial stability.
- Generally positive net income (revenue exceeding expenses) in most recent years, such as a $1,629,196 surplus in 2023.
- Strong program spending efficiency implied by the lack of reported officer compensation, potentially maximizing funds for direct services.
Frequently Asked Questions about Cardinal Hayes Home For Children
Is Cardinal Hayes Home For Children a legitimate charity?
Based on AI analysis of IRS 990 filings, Cardinal Hayes Home For Children (EIN: 141395444) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Cardinal Hayes Home For Children spend its money?
Cardinal Hayes Home For Children directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cardinal Hayes Home For Children tax-deductible?
Cardinal Hayes Home For Children is registered as a tax-exempt nonprofit (EIN: 141395444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is executive leadership compensated if 'Officer Comp' is consistently reported as 0%?
The IRS Form 990 Part VII, Section A, Line 1a asks for 'Current Officers, Directors, Trustees, and Key Employees'. If compensation is consistently reported as $0 for these individuals, it implies either volunteer leadership, compensation through a related entity, or that the individuals are not considered 'officers' in the traditional sense for compensation reporting, which warrants further investigation into the organization's full compensation structure.
What is the organization's strategy for managing its liabilities, which have fluctuated significantly (e.g., $9,358,529 in 2015 vs. $4,800,449 in 2023)?
The fluctuation in liabilities, while showing a positive trend downwards in recent years, suggests active financial management. Understanding the nature of these liabilities (e.g., program-related debt, operational payables) and the strategy for their reduction would provide deeper insight into financial risk management.
Given the NTEE code P730 (Residential Care & Treatment Facilities), what specific programs does Cardinal Hayes Home For Children operate?
While the financial data indicates a healthy organization, understanding the specific programs and services provided under its NTEE code would clarify how its substantial revenues and assets are directly applied to its mission of serving children in residential care and treatment.
Filing History
IRS 990 filing history for Cardinal Hayes Home For Children showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cardinal Hayes Home For Children's revenue has grown by 41.9%, moving from $20.7M to $29.4M. Total assets increased by 28.9% over the same period, from $16.7M to $21.5M. Total functional expenses rose by 41.2%, from $19.7M to $27.8M. In its most recent filing year (2023), Cardinal Hayes Home For Children reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $21.5M in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $16.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $29.4M | $27.8M | $21.5M | $4.8M | — | — |
| 2022 | $31.0M | $29.2M | $19.9M | $5.3M | — | — |
| 2021 | $25.4M | $23.6M | $18.5M | $5.2M | — | View 990 |
| 2020 | $25.0M | $26.1M | $18.6M | $7.8M | — | View 990 |
| 2019 | $23.8M | $23.9M | $17.3M | $5.9M | — | View 990 |
| 2018 | $23.0M | $23.0M | $16.4M | $5.4M | — | View 990 |
| 2017 | $24.1M | $24.2M | $18.2M | $7.0M | — | View 990 |
| 2016 | $26.4M | $23.0M | $17.8M | $7.0M | — | View 990 |
| 2015 | $21.0M | $21.5M | $16.6M | $9.4M | — | View 990 |
| 2014 | $21.4M | $21.2M | $16.5M | $8.6M | — | View 990 |
| 2013 | $21.1M | $21.5M | $15.7M | $8.1M | — | View 990 |
| 2012 | $19.7M | $20.7M | $15.2M | $7.7M | — | View 990 |
| 2011 | $20.7M | $19.7M | $16.7M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.4M, expenses of $27.8M, and assets of $21.5M (revenue -4.9% year-over-year).
- 2022: Revenue of $31.0M, expenses of $29.2M, and assets of $19.9M (revenue +21.8% year-over-year).
- 2021: Revenue of $25.4M, expenses of $23.6M, and assets of $18.5M (revenue +1.5% year-over-year).
- 2020: Revenue of $25.0M, expenses of $26.1M, and assets of $18.6M (revenue +5.1% year-over-year).
- 2019: Revenue of $23.8M, expenses of $23.9M, and assets of $17.3M (revenue +3.7% year-over-year).
- 2018: Revenue of $23.0M, expenses of $23.0M, and assets of $16.4M (revenue -4.6% year-over-year).
- 2017: Revenue of $24.1M, expenses of $24.2M, and assets of $18.2M (revenue -8.7% year-over-year).
- 2016: Revenue of $26.4M, expenses of $23.0M, and assets of $17.8M (revenue +25.8% year-over-year).
- 2015: Revenue of $21.0M, expenses of $21.5M, and assets of $16.6M (revenue -2.1% year-over-year).
- 2014: Revenue of $21.4M, expenses of $21.2M, and assets of $16.5M (revenue +1.3% year-over-year).
- 2013: Revenue of $21.1M, expenses of $21.5M, and assets of $15.7M (revenue +7.0% year-over-year).
- 2012: Revenue of $19.7M, expenses of $20.7M, and assets of $15.2M (revenue -4.8% year-over-year).
- 2011: Revenue of $20.7M, expenses of $19.7M, and assets of $16.7M.
Data Sources and Methodology
This transparency report for Cardinal Hayes Home For Children 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.