Care Net Of Lancaster
EIN: 570969793 · Kershaw, SC
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $4.9M |
| Net Assets | $2.1M |
Is Care Net Of Lancaster Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Care Net Of Lancaster
Care Net Of Lancaster (EIN: 570969793) is a nonprofit organization based in Kershaw, SC. The organization reported total revenue of $8.2M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Care Net Of Lancaster's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Care Net Of Lancaster is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-165,513 |
| Total Assets | $3.0M |
| Total Liabilities | $900K |
| Net Assets | $2.1M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2022, Care Net Of Lancaster reported a deficit of $166K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Care Net Of Lancaster's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +12.5% | +8.5% | +11.8% |
| 2021 | -17.9% | +16.6% | -6.0% |
| 2020 | +54.0% | +13.4% | +115.1% |
| 2019 | +26.5% | +7.3% | -3.6% |
| 2018 | -12.8% | +16.3% | -25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Care Net Of Lancaster has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Care Net Of Lancaster with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $166K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.4%.
Frequently Asked Questions about Care Net Of Lancaster
Is Care Net Of Lancaster a legitimate charity?
Care Net Of Lancaster (EIN: 570969793) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $8.2M. No red flags identified. Financial health grade: B.
How does Care Net Of Lancaster spend its money?
Care Net Of Lancaster reported $8.2M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Care Net Of Lancaster tax-deductible?
Care Net Of Lancaster is registered as a tax-exempt nonprofit (EIN: 570969793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Care Net Of Lancaster located?
Care Net Of Lancaster is headquartered in Kershaw, South Carolina and files with the IRS under EIN 570969793.
How many years of IRS 990 filings does Care Net Of Lancaster have?
Care Net Of Lancaster 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 $8.2M in total revenue.
Filing History
IRS 990 filing history for Care Net Of Lancaster showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Care Net Of Lancaster's revenue has grown by 321.6%, moving from $1.1M to $4.8M. Total assets increased by 633.1% over the same period, from $404K to $3.0M. Total functional expenses rose by 301.5%, from $1.2M to $4.9M. In its most recent filing year (2022), Care Net Of Lancaster reported a deficit of $166K, with expenses exceeding revenue. The organization holds $900K in liabilities against $3.0M in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.8M | $4.9M | $3.0M | $900K | — | View 990 |
| 2021 | $4.2M | $4.6M | $2.7M | $422K | — | View 990 |
| 2020 | $5.2M | $3.9M | $2.8M | $353K | — | — |
| 2019 | $3.4M | $3.4M | $1.3M | $281K | — | View 990 |
| 2018 | $2.7M | $3.2M | $1.4M | $248K | — | View 990 |
| 2017 | $3.0M | $2.8M | $1.8M | $152K | — | View 990 |
| 2016 | $2.6M | $2.8M | $1.4M | $150K | — | View 990 |
| 2015 | $3.0M | $2.1M | $2.2M | $155K | — | View 990 |
| 2014 | $1.3M | $1.3M | $1.2M | $68K | — | View 990 |
| 2013 | $1.1M | $1.3M | $1.1M | $64K | — | View 990 |
| 2012 | $1.5M | $1.2M | $750K | $39K | — | View 990 |
| 2011 | $1.1M | $1.2M | $404K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.8M, expenses of $4.9M, and assets of $3.0M (revenue +12.5% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.6M, and assets of $2.7M (revenue -17.9% year-over-year).
- 2020: Revenue of $5.2M, expenses of $3.9M, and assets of $2.8M (revenue +54.0% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.4M, and assets of $1.3M (revenue +26.5% year-over-year).
- 2018: Revenue of $2.7M, expenses of $3.2M, and assets of $1.4M (revenue -12.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $2.8M, and assets of $1.8M (revenue +18.6% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.8M, and assets of $1.4M (revenue -14.3% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.1M, and assets of $2.2M (revenue +132.6% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue +16.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $1.1M (revenue -27.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.2M, and assets of $750K (revenue +34.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $404K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Care Net Of Lancaster:
Data Sources and Methodology
This transparency report for Care Net Of Lancaster 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.