Care For The Homeless Inc
Care For The Homeless Inc shows strong financial growth and no reported officer compensation over the past decade.
EIN: 133666994 · New York, NY · NTEE: P20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41.2M |
| Total Expenses | $31.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $10.3M |
| Transparency Score | 90/100 |
Is Care For The Homeless Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Care For The Homeless Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Care For The Homeless Inc
Care For The Homeless Inc (EIN: 133666994) is a nonprofit organization based in New York, NY, classified under NTEE code P20Z. The organization reported total revenue of $41.2M and total assets of $108.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Care For The Homeless Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Care For The Homeless Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.1M |
| Total Expenses | $31.1M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $42.1M |
| Total Liabilities | $31.8M |
| Net Assets | $10.3M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 75.5% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Care For The Homeless Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 75.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Care For The Homeless Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.1% | -12.2% | -9.9% |
| 2022 | +44.8% | +36.1% | +217.9% |
| 2021 | +1.2% | +7.9% | -0.4% |
| 2020 | +43.3% | +24.4% | +49.4% |
| 2019 | +47.3% | +39.3% | +57.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Care For The Homeless Inc with a Mission Score of 90 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, Care For The Homeless 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 $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings from 2014 to 2023, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $30 million in annual revenue.
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 Care For The Homeless Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Care For The Homeless Inc:
- Strong and consistent revenue growth, from $11.4M in 2014 to $32.1M in 2023.
- Significant asset accumulation, growing from $7.4M in 2014 to $42.1M in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting high resource allocation to mission.
- Generally maintains a surplus, with revenues exceeding expenses in most years (e.g., $32.1M revenue vs. $31.1M expenses in 2023).
Frequently Asked Questions about Care For The Homeless Inc
Is Care For The Homeless Inc a legitimate charity?
Care For The Homeless Inc (EIN: 133666994) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $41.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Care For The Homeless Inc spend its money?
Care For The Homeless Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Care For The Homeless Inc tax-deductible?
Care For The Homeless Inc is registered as a tax-exempt nonprofit (EIN: 133666994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Care For The Homeless Inc CEO make?
Care For The Homeless Inc's highest-compensated officer earns $30 annually. The organization reported $41.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Care For The Homeless Inc's spending goes to programs?
Care For The Homeless Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Care For The Homeless Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Care For The Homeless Inc is above average for NTEE category P20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Care For The Homeless Inc located?
Care For The Homeless Inc is headquartered in New York, New York and files with the IRS under EIN 133666994. It is classified under NTEE code P20Z.
How many years of IRS 990 filings does Care For The Homeless Inc have?
Care For The Homeless Inc has 13 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 $41.2M in total revenue.
Is Care For The Homeless Inc a good charity?
Based on its financial growth, consistent surpluses, and reported 0% officer compensation, Care For The Homeless Inc appears to be a well-managed and mission-focused charity. Its assets have grown significantly, indicating financial stability and capacity to serve its beneficiaries.
How has the organization's financial health changed over time?
Care For The Homeless Inc has experienced substantial financial growth. Revenue increased from $11.4 million in 2014 to $32.1 million in 2023, and assets grew from $7.4 million to $42.1 million over the same period, demonstrating robust expansion and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings from 2014 to 2023. This suggests that no compensation was paid to its officers, directors, trustees, or key employees, which is a highly unusual and positive indicator for resource allocation directly to programs.
Filing History
IRS 990 filing history for Care For The Homeless Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Care For The Homeless Inc's revenue has grown by 280.1%, moving from $8.5M to $32.1M. Total assets increased by 984.9% over the same period, from $3.9M to $42.1M. Total functional expenses rose by 250.8%, from $8.9M to $31.1M. In its most recent filing year (2023), Care For The Homeless Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $31.8M in liabilities against $42.1M in assets (debt-to-asset ratio: 75.5%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.1M | $31.1M | $42.1M | $31.8M | — | — |
| 2022 | $38.8M | $35.5M | $46.8M | $37.6M | — | View 990 |
| 2021 | $26.8M | $26.1M | $14.7M | $8.3M | — | View 990 |
| 2020 | $26.4M | $24.2M | $14.8M | $9.2M | — | — |
| 2019 | $18.5M | $19.4M | $9.9M | $6.7M | — | View 990 |
| 2018 | $12.5M | $13.9M | $6.3M | $2.4M | — | View 990 |
| 2017 | $12.0M | $13.6M | $7.1M | $1.8M | — | View 990 |
| 2016 | $12.1M | $11.8M | $8.7M | $1.9M | — | View 990 |
| 2015 | $11.6M | $11.0M | $8.0M | $1.5M | — | View 990 |
| 2014 | $11.4M | $10.2M | $7.4M | $1.5M | — | View 990 |
| 2013 | $10.3M | $9.0M | $6.0M | $1.3M | — | View 990 |
| 2012 | $9.8M | $8.7M | $4.8M | $1.4M | — | View 990 |
| 2011 | $8.5M | $8.9M | $3.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.1M, expenses of $31.1M, and assets of $42.1M (revenue -17.1% year-over-year).
- 2022: Revenue of $38.8M, expenses of $35.5M, and assets of $46.8M (revenue +44.8% year-over-year).
- 2021: Revenue of $26.8M, expenses of $26.1M, and assets of $14.7M (revenue +1.2% year-over-year).
- 2020: Revenue of $26.4M, expenses of $24.2M, and assets of $14.8M (revenue +43.3% year-over-year).
- 2019: Revenue of $18.5M, expenses of $19.4M, and assets of $9.9M (revenue +47.3% year-over-year).
- 2018: Revenue of $12.5M, expenses of $13.9M, and assets of $6.3M (revenue +4.1% year-over-year).
- 2017: Revenue of $12.0M, expenses of $13.6M, and assets of $7.1M (revenue -0.7% year-over-year).
- 2016: Revenue of $12.1M, expenses of $11.8M, and assets of $8.7M (revenue +4.6% year-over-year).
- 2015: Revenue of $11.6M, expenses of $11.0M, and assets of $8.0M (revenue +1.2% year-over-year).
- 2014: Revenue of $11.4M, expenses of $10.2M, and assets of $7.4M (revenue +11.4% year-over-year).
- 2013: Revenue of $10.3M, expenses of $9.0M, and assets of $6.0M (revenue +5.2% year-over-year).
- 2012: Revenue of $9.8M, expenses of $8.7M, and assets of $4.8M (revenue +15.5% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.9M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Care For The Homeless Inc:
Data Sources and Methodology
This transparency report for Care For The Homeless 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.