Carefirst Ny Inc
Carefirst NY Inc: Consistent Revenue, High Program Spending
EIN: 222416679 · Painted Post, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $7.2M |
| Program Spending | 85% |
| Net Assets | $8.1M |
| Transparency Score | 75/100 |
Is Carefirst Ny Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carefirst Ny Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carefirst Ny Inc
Carefirst Ny Inc (EIN: 222416679) is a nonprofit organization based in Painted Post, NY. The organization reported total revenue of $7.5M and total assets of $9.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carefirst Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carefirst Ny Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-300,527 |
| Total Assets | $8.8M |
| Total Liabilities | $723K |
| Net Assets | $8.1M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2023, Carefirst Ny Inc reported a deficit of $301K with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carefirst Ny Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | -4.5% | -0.9% |
| 2022 | -22.6% | +11.7% | -20.5% |
| 2021 | +9.9% | -4.8% | +8.9% |
| 2020 | +12.1% | +5.1% | +10.7% |
| 2019 | +7.1% | +12.2% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Carefirst Ny Inc with a Mission Score of 75 out of 100 (Good). 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, Carefirst Ny 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 deficit of $301K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries.
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.
Strengths
The following positive indicators were identified for Carefirst Ny Inc:
- Consistently high program spending, with 85% of expenses allocated to programs.
- Stable revenue streams over multiple years, indicating consistent operational capacity.
- Healthy asset base relative to liabilities, suggesting financial stability.
Frequently Asked Questions about Carefirst Ny Inc
Is Carefirst Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carefirst Ny Inc (EIN: 222416679) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Carefirst Ny Inc spend its money?
Carefirst Ny Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carefirst Ny Inc tax-deductible?
Carefirst Ny Inc is registered as a tax-exempt nonprofit (EIN: 222416679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carefirst Ny Inc's spending goes to programs?
Carefirst Ny Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Carefirst Ny Inc located?
Carefirst Ny Inc is headquartered in Painted Post, New York and files with the IRS under EIN 222416679.
How many years of IRS 990 filings does Carefirst Ny Inc have?
Carefirst Ny 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 $7.5M in total revenue.
What does Carefirst Ny Inc do?
Carefirst Ny Inc is a nonprofit organization in the Unknown sector, located in Painted Post, New York. It is classified under NTEE code Unknown.
How much revenue does Carefirst Ny Inc have?
Carefirst Ny Inc reported total revenue of $7,472,420. Based on 13 IRS 990 filings on record.
What are Carefirst Ny Inc's total assets?
Carefirst Ny Inc holds total assets of $9,479,586 as reported in IRS 990 filings.
Where is Carefirst Ny Inc located?
Carefirst Ny Inc is based in Painted Post, New York.
What is Carefirst Ny Inc's EIN?
Carefirst Ny Inc's Employer Identification Number (EIN) is 222416679. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Carefirst Ny Inc?
Carefirst Ny Inc is classified under NTEE code Unknown (Unknown).
Is Carefirst Ny Inc a registered 501(c)(3)?
Carefirst Ny Inc appears in IRS records (EIN: 222416679). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Carefirst Ny Inc file IRS Form 990?
Yes, Carefirst Ny Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Carefirst Ny Inc's revenue in 2023?
In the 202312 filing period, Carefirst Ny Inc reported total revenue of $6,872,705, total expenses of $7,173,232, and net assets of $8,799,586.
Is Carefirst Ny Inc's revenue growing or declining?
Carefirst Ny Inc's revenue is growing. Revenue went from $6,227,337 (202212) to $6,872,705 (202312), a +10.4% change. Based on 13 filings on record.
What is Carefirst Ny Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Carefirst Ny Inc covers tax period 202312. It shows revenue of $6,872,705, expenses of $7,173,232, total assets of $8,799,586, and liabilities of $722,661.
How much does Carefirst Ny Inc spend on programs vs administration?
Based on IRS 990 analysis, Carefirst Ny Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Carefirst Ny Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Carefirst Ny Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Carefirst Ny Inc's strengths?
Positive indicators for Carefirst Ny Inc include: Consistently high program spending, with 85% of expenses allocated to programs.. Stable revenue streams over multiple years, indicating consistent operational capacity.. Healthy asset base relative to liabilities, suggesting financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Carefirst Ny Inc compensate executives?
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain a relatively stable asset base despite fluctuating annual expenses and revenues?
The organization appears to manage its assets effectively, as evidenced by the consistent asset figures (e.g., $8,799,586 in 2023 and $8,878,656 in 2022) even with variations in revenue and expenses, suggesting prudent financial management or significant non-operating income/gains not detailed in the provided data.
Filing History
IRS 990 filing history for Carefirst Ny Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carefirst Ny Inc's revenue has declined by 6.9%, moving from $7.4M to $6.9M. Total assets increased by 39.6% over the same period, from $6.3M to $8.8M. Total functional expenses rose by 1.8%, from $7.0M to $7.2M. In its most recent filing year (2023), Carefirst Ny Inc reported a deficit of $301K, with expenses exceeding revenue. The organization holds $723K in liabilities against $8.8M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.2M | $8.8M | $723K | — | — |
| 2022 | $6.2M | $7.5M | $8.9M | $721K | — | View 990 |
| 2021 | $8.0M | $6.7M | $11.2M | $1.1M | — | View 990 |
| 2020 | $7.3M | $7.1M | $10.3M | $618K | — | View 990 |
| 2019 | $6.5M | $6.7M | $9.3M | $840K | — | View 990 |
| 2018 | $6.1M | $6.0M | $9.3M | $956K | — | View 990 |
| 2017 | $5.5M | $5.2M | $9.3M | $683K | — | View 990 |
| 2016 | $5.4M | $5.1M | $8.6M | $576K | — | View 990 |
| 2015 | $6.9M | $5.7M | $8.4M | $767K | — | View 990 |
| 2014 | $6.4M | $6.1M | $8.2M | $1.1M | — | View 990 |
| 2013 | $8.4M | $7.7M | $7.6M | $778K | — | View 990 |
| 2012 | $8.4M | $7.9M | $6.9M | $1.0M | — | View 990 |
| 2011 | $7.4M | $7.0M | $6.3M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.2M, and assets of $8.8M (revenue +10.4% year-over-year).
- 2022: Revenue of $6.2M, expenses of $7.5M, and assets of $8.9M (revenue -22.6% year-over-year).
- 2021: Revenue of $8.0M, expenses of $6.7M, and assets of $11.2M (revenue +9.9% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.1M, and assets of $10.3M (revenue +12.1% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.7M, and assets of $9.3M (revenue +7.1% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.0M, and assets of $9.3M (revenue +11.5% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.2M, and assets of $9.3M (revenue +0.9% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.1M, and assets of $8.6M (revenue -21.0% year-over-year).
- 2015: Revenue of $6.9M, expenses of $5.7M, and assets of $8.4M (revenue +7.8% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.1M, and assets of $8.2M (revenue -23.7% year-over-year).
- 2013: Revenue of $8.4M, expenses of $7.7M, and assets of $7.6M (revenue -0.6% year-over-year).
- 2012: Revenue of $8.4M, expenses of $7.9M, and assets of $6.9M (revenue +13.9% year-over-year).
- 2011: Revenue of $7.4M, expenses of $7.0M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carefirst Ny Inc:
Data Sources and Methodology
This transparency report for Carefirst Ny 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.