Care Plus Nj Inc
Care Plus NJ: Strong Financials, High Program Spending, but Executive Compensation Lacks Detail
EIN: 222181654 · Paramus, NJ · NTEE: F30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $55.2M |
| Total Expenses | $50.2M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $55,184,065 |
| Net Assets | $15.0M |
| Transparency Score | 85/100 |
Is Care Plus Nj Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Care Plus Nj Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Care Plus Nj Inc
Care Plus Nj Inc (EIN: 222181654) is a nonprofit organization based in Paramus, NJ, classified under NTEE code F30Z. The organization reported total revenue of $55.2M and total assets of $38.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Care Plus Nj Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Care Plus Nj Inc is a major nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.8M |
| Total Expenses | $50.2M |
| Surplus / Deficit | +$1.7M |
| Total Assets | $34.5M |
| Total Liabilities | $19.5M |
| Net Assets | $15.0M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 56.4% |
| Months of Reserves | 8.2 months |
Financial Health Grade: A
In 2023, Care Plus Nj Inc reported a surplus of $1.7M with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 56.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Care Plus Nj Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | +5.6% | +39.1% |
| 2022 | +4.8% | +6.2% | +19.5% |
| 2021 | +20.5% | +15.2% | +15.1% |
| 2020 | +9.2% | +9.2% | +75.5% |
| 2019 | +24.3% | +14.8% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Plus Nj 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: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, Care Plus Nj Inc allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% 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 $1.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.4%.
Executive Compensation Analysis
Executive compensation, while not excessively high given the organization's size and revenue of $55,184,065 in 2023, lacks detailed justification for individual salaries in public filings, making it difficult to assess performance-based pay.
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 Plus Nj Inc's IRS 990 filings:
- Lack of detailed executive compensation breakdown beyond total figures in public filings.
- Limited specific impact metrics for programs in publicly available reports.
Strengths
The following positive indicators were identified for Care Plus Nj Inc:
- Consistently high percentage of expenses dedicated to programs (89% in 2023).
- Strong revenue growth from $30,421,536 in 2018 to $55,184,065 in 2023.
- Healthy asset growth from $7,992,570 in 2018 to $38,869,078 in 2023, indicating financial stability.
- Low fundraising expenses, suggesting efficient donor acquisition and retention.
Frequently Asked Questions about Care Plus Nj Inc
Is Care Plus Nj Inc a legitimate charity?
Care Plus Nj Inc (EIN: 222181654) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $55.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Care Plus Nj Inc spend its money?
Care Plus Nj Inc directs 89% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Care Plus Nj Inc tax-deductible?
Care Plus Nj Inc is registered as a tax-exempt nonprofit (EIN: 222181654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Care Plus Nj Inc CEO make?
Care Plus Nj Inc's highest-compensated officer earns $55,184,065 annually. The organization reported $55.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Care Plus Nj Inc's spending goes to programs?
Care Plus Nj Inc directs 89% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Care Plus Nj Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Care Plus Nj Inc is above average for NTEE category F30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Care Plus Nj Inc located?
Care Plus Nj Inc is headquartered in Paramus, New Jersey and files with the IRS under EIN 222181654. It is classified under NTEE code F30Z.
How many years of IRS 990 filings does Care Plus Nj Inc have?
Care Plus Nj 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 $55.2M in total revenue.
What does Care Plus Nj Inc do?
Care Plus Nj Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Paramus, New Jersey. It is classified under NTEE code F30Z.
How much revenue does Care Plus Nj Inc have?
Care Plus Nj Inc reported total revenue of $55,184,065. Based on 13 IRS 990 filings on record.
What are Care Plus Nj Inc's total assets?
Care Plus Nj Inc holds total assets of $38,869,078 as reported in IRS 990 filings.
Where is Care Plus Nj Inc located?
Care Plus Nj Inc is based in Paramus, New Jersey.
What is Care Plus Nj Inc's EIN?
Care Plus Nj Inc's Employer Identification Number (EIN) is 222181654. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Care Plus Nj Inc?
Care Plus Nj Inc is classified under NTEE code F30Z (Mental Health & Crisis Intervention).
Is Care Plus Nj Inc a registered 501(c)(3)?
Yes, Care Plus Nj Inc is recognized as a tax-exempt organization by the IRS. EIN: 222181654.
Does Care Plus Nj Inc file IRS Form 990?
Yes, Care Plus Nj Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Care Plus Nj Inc's revenue in 2023?
In the 202306 filing period, Care Plus Nj Inc reported total revenue of $51,833,265, total expenses of $50,157,793, and net assets of $34,483,151.
Is Care Plus Nj Inc's revenue growing or declining?
Care Plus Nj Inc's revenue is relatively stable. Revenue went from $52,191,604 (202206) to $51,833,265 (202306), a -0.7% change. Based on 13 filings on record.
What is Care Plus Nj Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Care Plus Nj Inc covers tax period 202306. It shows revenue of $51,833,265, expenses of $50,157,793, total assets of $34,483,151, and liabilities of $19,452,265.
How much does Care Plus Nj Inc spend on programs vs administration?
Based on IRS 990 analysis, Care Plus Nj Inc allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Care Plus Nj Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Care Plus Nj Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Care Plus Nj Inc?
The following concerns were identified: Lack of detailed executive compensation breakdown beyond total figures in public filings.. Limited specific impact metrics for programs in publicly available reports.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Care Plus Nj Inc's strengths?
Positive indicators for Care Plus Nj Inc include: Consistently high percentage of expenses dedicated to programs (89% in 2023).. Strong revenue growth from $30,421,536 in 2018 to $55,184,065 in 2023.. Healthy asset growth from $7,992,570 in 2018 to $38,869,078 in 2023, indicating financial stability.. Low fundraising expenses, suggesting efficient donor acquisition and retention.. These findings are derived from AI analysis of the organization's financial filings.
How does Care Plus Nj Inc compensate executives?
Executive compensation, while not excessively high given the organization's size and revenue of $55,184,065 in 2023, lacks detailed justification for individual salaries in public filings, making it difficult to assess performance-based pay. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Care Plus NJ Inc. manage to maintain such a high program spending percentage while experiencing significant revenue and asset growth?
Care Plus NJ Inc. appears to effectively scale its program delivery in line with its financial growth, suggesting efficient operational management and a strong focus on its core mission. The low administrative and fundraising percentages indicate that increased revenue is primarily channeled into direct services rather than overhead.
What specific strategies does Care Plus NJ Inc. employ to achieve consistent revenue growth year over year, especially given the fluctuations in the healthcare and nonprofit sectors?
While specific strategies are not detailed in the provided data, consistent revenue growth from $30.4M in 2018 to $55.1M in 2023 suggests successful grant acquisition, effective service delivery leading to increased demand or referrals, and potentially diversified funding streams. Further investigation into their funding sources and program expansion initiatives would be beneficial.
Filing History
IRS 990 filing history for Care Plus Nj Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Care Plus Nj Inc's revenue has grown by 85.1%, moving from $28.0M to $51.8M. Total assets increased by 352% over the same period, from $7.6M to $34.5M. Total functional expenses rose by 81%, from $27.7M to $50.2M. In its most recent filing year (2023), Care Plus Nj Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $19.5M in liabilities against $34.5M in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $15.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.8M | $50.2M | $34.5M | $19.5M | — | View 990 |
| 2022 | $52.2M | $47.5M | $24.8M | $11.6M | — | View 990 |
| 2021 | $49.8M | $44.7M | $20.7M | $12.3M | — | View 990 |
| 2020 | $41.3M | $38.8M | $18.0M | $14.6M | — | View 990 |
| 2019 | $37.8M | $35.5M | $10.3M | $9.3M | — | View 990 |
| 2018 | $30.4M | $31.0M | $8.0M | $9.3M | — | View 990 |
| 2017 | $31.5M | $32.0M | $7.5M | $8.3M | — | View 990 |
| 2016 | $32.9M | $33.9M | $7.8M | $8.1M | — | View 990 |
| 2015 | $32.0M | $33.0M | $8.3M | $7.5M | — | View 990 |
| 2014 | $30.1M | $31.2M | $8.8M | $7.1M | — | View 990 |
| 2013 | $29.8M | $29.2M | $9.5M | $6.7M | — | View 990 |
| 2012 | $28.7M | $27.8M | $9.0M | $6.8M | — | View 990 |
| 2011 | $28.0M | $27.7M | $7.6M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.8M, expenses of $50.2M, and assets of $34.5M (revenue -0.7% year-over-year).
- 2022: Revenue of $52.2M, expenses of $47.5M, and assets of $24.8M (revenue +4.8% year-over-year).
- 2021: Revenue of $49.8M, expenses of $44.7M, and assets of $20.7M (revenue +20.5% year-over-year).
- 2020: Revenue of $41.3M, expenses of $38.8M, and assets of $18.0M (revenue +9.2% year-over-year).
- 2019: Revenue of $37.8M, expenses of $35.5M, and assets of $10.3M (revenue +24.3% year-over-year).
- 2018: Revenue of $30.4M, expenses of $31.0M, and assets of $8.0M (revenue -3.4% year-over-year).
- 2017: Revenue of $31.5M, expenses of $32.0M, and assets of $7.5M (revenue -4.2% year-over-year).
- 2016: Revenue of $32.9M, expenses of $33.9M, and assets of $7.8M (revenue +2.7% year-over-year).
- 2015: Revenue of $32.0M, expenses of $33.0M, and assets of $8.3M (revenue +6.4% year-over-year).
- 2014: Revenue of $30.1M, expenses of $31.2M, and assets of $8.8M (revenue +0.9% year-over-year).
- 2013: Revenue of $29.8M, expenses of $29.2M, and assets of $9.5M (revenue +3.8% year-over-year).
- 2012: Revenue of $28.7M, expenses of $27.8M, and assets of $9.0M (revenue +2.7% year-over-year).
- 2011: Revenue of $28.0M, expenses of $27.7M, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Care Plus Nj Inc:
Data Sources and Methodology
This transparency report for Care Plus Nj 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.