Caregroup Inc
Caregroup Inc: Consistent Revenue, High Liabilities, and Compensation Concerns
EIN: 222629185 · Boston, MA · NTEE: E210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.1M |
| Total Expenses | $16.4M |
| Program Spending | 70% |
| Net Assets | $10.9M |
| Transparency Score | 65/100 |
Is Caregroup Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caregroup Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Caregroup Inc
Caregroup Inc (EIN: 222629185) is a nonprofit organization based in Boston, MA, classified under NTEE code E210. The organization reported total revenue of $14.1M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caregroup Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caregroup Inc is a large nonprofit that has been operating for 39 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $16.4M |
| Surplus / Deficit | $-2,939,389 |
| Total Assets | $13.8M |
| Total Liabilities | $2.9M |
| Net Assets | $10.9M |
| Operating Margin | -21.8% |
| Debt-to-Asset Ratio | 20.9% |
| Months of Reserves | 10.1 months |
Financial Health Grade: B
In 2017, Caregroup Inc reported a deficit of $2.9M with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 20.9% (moderate leverage).
Financial Trends
Over 7 years of filings (2011–2017), Caregroup Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -19.3% | -2.1% | -16.1% |
| 2016 | -1.1% | -1.5% | -81.2% |
| 2015 | -2.7% | -0.6% | -0.6% |
| 2014 | +13.1% | +5.9% | +1.1% |
| 2013 | +3.9% | +9.4% | +0.3% |
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 Caregroup Inc with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Caregroup Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.9%.
Executive Compensation Analysis
Without specific compensation figures from the filings, it's impossible to assess the executive compensation; however, the lack of transparency on this front is a concern.
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 Caregroup Inc's IRS 990 filings:
- High liabilities relative to assets in several years (e.g., 2015-2014 with liabilities over $74 million against assets around $87-88 million).
- Lack of detailed executive compensation information in the provided data.
- No clear indication of program spending breakdown within the provided financial data.
Strengths
The following positive indicators were identified for Caregroup Inc:
- Consistent revenue generation over the past several years, indicating stable operations.
- Long operational history (data from 2011-2017).
- Zero percent compensation reported in the provided data, which could indicate either no compensation or a lack of detailed reporting.
Frequently Asked Questions about Caregroup Inc
Is Caregroup Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caregroup Inc (EIN: 222629185) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Caregroup Inc spend its money?
Caregroup Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caregroup Inc tax-deductible?
Caregroup Inc is registered as a tax-exempt nonprofit (EIN: 222629185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Caregroup Inc's spending goes to programs?
Caregroup Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Caregroup Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Caregroup Inc is above average for NTEE category E210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caregroup Inc located?
Caregroup Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222629185. It is classified under NTEE code E210.
How many years of IRS 990 filings does Caregroup Inc have?
Caregroup Inc has 7 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 $14.1M in total revenue.
What does Caregroup Inc do?
Caregroup Inc is a nonprofit organization in the Health Care sector, located in Boston, Massachusetts. It is classified under NTEE code E210.
How much revenue does Caregroup Inc have?
Caregroup Inc reported total revenue of $14,079,802. Based on 7 IRS 990 filings on record.
What are Caregroup Inc's total assets?
Caregroup Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Caregroup Inc located?
Caregroup Inc is based in Boston, Massachusetts.
What is Caregroup Inc's EIN?
Caregroup Inc's Employer Identification Number (EIN) is 222629185. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Caregroup Inc?
Caregroup Inc is classified under NTEE code E210 (Health Care).
Is Caregroup Inc a registered 501(c)(3)?
Yes, Caregroup Inc is recognized as a tax-exempt organization by the IRS. EIN: 222629185.
Does Caregroup Inc file IRS Form 990?
Yes, Caregroup Inc has 7 IRS Form 990 filings on record. The most recent covers tax period 201709.
What was Caregroup Inc's revenue in 2017?
In the 201709 filing period, Caregroup Inc reported total revenue of $13,501,694, total expenses of $16,441,083, and net assets of $13,828,930.
Is Caregroup Inc's revenue growing or declining?
Caregroup Inc's revenue is declining. Revenue went from $16,729,793 (201609) to $13,501,694 (201709), a -19.3% change. Based on 7 filings on record.
What is Caregroup Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Caregroup Inc covers tax period 201709. It shows revenue of $13,501,694, expenses of $16,441,083, total assets of $13,828,930, and liabilities of $2,887,916.
How much does Caregroup Inc spend on programs vs administration?
Based on IRS 990 analysis, Caregroup Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Caregroup Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Caregroup Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Caregroup Inc?
The following concerns were identified: High liabilities relative to assets in several years (e.g., 2015-2014 with liabilities over $74 million against assets around $87-88 million).. Lack of detailed executive compensation information in the provided data.. No clear indication of program spending breakdown within the provided financial data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Caregroup Inc's strengths?
Positive indicators for Caregroup Inc include: Consistent revenue generation over the past several years, indicating stable operations.. Long operational history (data from 2011-2017).. Zero percent compensation reported in the provided data, which could indicate either no compensation or a lack of detailed reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Caregroup Inc compensate executives?
Without specific compensation figures from the filings, it's impossible to assess the executive compensation; however, the lack of transparency on this front is a concern. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant fluctuations in assets and liabilities (e.g., assets dropping from $87.7M in 2015 to $13.8M in 2017, and liabilities from $74.8M to $2.8M in the same period), what specific events or accounting changes led to such dramatic shifts?
The provided data does not offer enough detail to explain these dramatic shifts. Further investigation into their financial statements would be required to understand if these represent asset sales, debt restructuring, or other significant financial events.
Filing History
IRS 990 filing history for Caregroup Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Caregroup Inc's revenue has declined by 0.1%, moving from $13.5M to $13.5M. Total assets decreased by 84% over the same period, from $86.4M to $13.8M. Total functional expenses rose by 21.6%, from $13.5M to $16.4M. In its most recent filing year (2017), Caregroup Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $13.8M in assets (debt-to-asset ratio: 20.9%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $13.5M | $16.4M | $13.8M | $2.9M | — | View 990 |
| 2016 | $16.7M | $16.8M | $16.5M | $3.5M | — | View 990 |
| 2015 | $16.9M | $17.1M | $87.7M | $74.8M | — | View 990 |
| 2014 | $17.4M | $17.2M | $88.2M | $74.5M | — | View 990 |
| 2013 | $15.4M | $16.2M | $87.3M | $73.8M | — | View 990 |
| 2012 | $14.8M | $14.8M | $87.0M | $73.6M | — | View 990 |
| 2011 | $13.5M | $13.5M | $86.4M | $73.9M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $13.5M, expenses of $16.4M, and assets of $13.8M (revenue -19.3% year-over-year).
- 2016: Revenue of $16.7M, expenses of $16.8M, and assets of $16.5M (revenue -1.1% year-over-year).
- 2015: Revenue of $16.9M, expenses of $17.1M, and assets of $87.7M (revenue -2.7% year-over-year).
- 2014: Revenue of $17.4M, expenses of $17.2M, and assets of $88.2M (revenue +13.1% year-over-year).
- 2013: Revenue of $15.4M, expenses of $16.2M, and assets of $87.3M (revenue +3.9% year-over-year).
- 2012: Revenue of $14.8M, expenses of $14.8M, and assets of $87.0M (revenue +9.5% year-over-year).
- 2011: Revenue of $13.5M, expenses of $13.5M, and assets of $86.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caregroup Inc:
Data Sources and Methodology
This transparency report for Caregroup 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.