Carenet Pregnancy Center Of Southern Maryland Inc
EIN: 521689564 · Lexington Pk, MD · NTEE: E400
| Metric | Value |
|---|---|
| Total Revenue | $852K |
| Total Expenses | $878K |
| Net Assets | $987K |
Is Carenet Pregnancy Center Of Southern Maryland Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carenet Pregnancy Center Of Southern Maryland Inc
Carenet Pregnancy Center Of Southern Maryland Inc (EIN: 521689564) is a nonprofit organization based in Lexington Pk, MD, classified under NTEE code E400. The organization reported total revenue of $852K and total assets of $904K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carenet Pregnancy Center Of Southern Maryland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carenet Pregnancy Center Of Southern Maryland Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $849K |
| Total Expenses | $878K |
| Surplus / Deficit | $-28,165 |
| Total Assets | $1.1M |
| Total Liabilities | $97K |
| Net Assets | $987K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Carenet Pregnancy Center Of Southern Maryland Inc reported a deficit of $28K with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carenet Pregnancy Center Of Southern Maryland Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.6% | +34.8% | +5.0% |
| 2022 | +10.6% | +18.8% | +5.0% |
| 2021 | +39.6% | +7.1% | +54.6% |
| 2020 | -2.7% | +4.3% | +3.5% |
| 2019 | +22.4% | +5.0% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carenet Pregnancy Center Of Southern Maryland Inc 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 Carenet Pregnancy Center Of Southern Maryland Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Frequently Asked Questions about Carenet Pregnancy Center Of Southern Maryland Inc
Is Carenet Pregnancy Center Of Southern Maryland Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carenet Pregnancy Center Of Southern Maryland Inc (EIN: 521689564) insufficient data. 0 red flags identified, 0 strengths noted.
How does Carenet Pregnancy Center Of Southern Maryland Inc spend its money?
Detailed spending breakdown data is not yet available for Carenet Pregnancy Center Of Southern Maryland Inc. Check back for updated IRS 990 analysis.
Are donations to Carenet Pregnancy Center Of Southern Maryland Inc tax-deductible?
Carenet Pregnancy Center Of Southern Maryland Inc is registered as a tax-exempt nonprofit (EIN: 521689564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carenet Pregnancy Center Of Southern Maryland Inc located?
Carenet Pregnancy Center Of Southern Maryland Inc is headquartered in Lexington Pk, Maryland and files with the IRS under EIN 521689564. It is classified under NTEE code E400.
How many years of IRS 990 filings does Carenet Pregnancy Center Of Southern Maryland Inc have?
Carenet Pregnancy Center Of Southern Maryland 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 $852K in total revenue.
Filing History
IRS 990 filing history for Carenet Pregnancy Center Of Southern Maryland Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carenet Pregnancy Center Of Southern Maryland Inc's revenue has grown by 135.9%, moving from $360K to $849K. Total assets increased by 162.7% over the same period, from $413K to $1.1M. Total functional expenses rose by 133.7%, from $376K to $878K. In its most recent filing year (2023), Carenet Pregnancy Center Of Southern Maryland Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $97K in liabilities against $1.1M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $987K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $849K | $878K | $1.1M | $97K | — | — |
| 2022 | $836K | $651K | $1.0M | $11K | — | View 990 |
| 2021 | $756K | $548K | $983K | $144K | — | View 990 |
| 2020 | $542K | $512K | $636K | $3K | — | — |
| 2019 | $557K | $491K | $614K | $13K | — | View 990 |
| 2018 | $455K | $468K | $546K | $11K | — | View 990 |
| 2017 | $471K | $397K | $562K | $12K | — | View 990 |
| 2016 | $472K | $414K | $506K | $33K | — | View 990 |
| 2015 | $437K | $451K | $472K | $56K | — | View 990 |
| 2014 | $499K | $422K | $513K | $82K | — | View 990 |
| 2013 | $479K | $432K | $463K | $106K | — | View 990 |
| 2012 | $422K | $405K | $437K | $127K | — | View 990 |
| 2011 | $360K | $376K | $413K | $144K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $849K, expenses of $878K, and assets of $1.1M (revenue +1.6% year-over-year).
- 2022: Revenue of $836K, expenses of $651K, and assets of $1.0M (revenue +10.6% year-over-year).
- 2021: Revenue of $756K, expenses of $548K, and assets of $983K (revenue +39.6% year-over-year).
- 2020: Revenue of $542K, expenses of $512K, and assets of $636K (revenue -2.7% year-over-year).
- 2019: Revenue of $557K, expenses of $491K, and assets of $614K (revenue +22.4% year-over-year).
- 2018: Revenue of $455K, expenses of $468K, and assets of $546K (revenue -3.3% year-over-year).
- 2017: Revenue of $471K, expenses of $397K, and assets of $562K (revenue -0.2% year-over-year).
- 2016: Revenue of $472K, expenses of $414K, and assets of $506K (revenue +8.0% year-over-year).
- 2015: Revenue of $437K, expenses of $451K, and assets of $472K (revenue -12.4% year-over-year).
- 2014: Revenue of $499K, expenses of $422K, and assets of $513K (revenue +4.1% year-over-year).
- 2013: Revenue of $479K, expenses of $432K, and assets of $463K (revenue +13.5% year-over-year).
- 2012: Revenue of $422K, expenses of $405K, and assets of $437K (revenue +17.2% year-over-year).
- 2011: Revenue of $360K, expenses of $376K, and assets of $413K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carenet Pregnancy Center Of Southern Maryland Inc:
Data Sources and Methodology
This transparency report for Carenet Pregnancy Center Of Southern Maryland 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.