Cares Ng Development Organization
EIN: 463767944 · Washington, DC · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $196K |
| Net Assets | $103K |
Is Cares Ng Development Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cares Ng Development Organization
Cares Ng Development Organization (EIN: 463767944) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $200K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cares Ng Development Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cares Ng Development Organization is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $196K |
| Surplus / Deficit | +$4K |
| Total Assets | $218K |
| Total Liabilities | $114K |
| Net Assets | $103K |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 52.5% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Cares Ng Development Organization reported a surplus of $4K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position), has a debt-to-asset ratio of 52.5% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Cares Ng Development Organization's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | -17.4% | +1.9% |
| 2022 | +0.0% | +18.9% | -22.6% |
| 2021 | +0.0% | -33.5% | -8.2% |
| 2020 | -36.4% | -11.1% | -27.2% |
| 2019 | -9.8% | +60.6% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cares Ng Development Organization 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 Cares Ng Development Organization 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.5%.
Frequently Asked Questions about Cares Ng Development Organization
Is Cares Ng Development Organization a legitimate charity?
Cares Ng Development Organization (EIN: 463767944) is a registered tax-exempt nonprofit based in Washington DC. It has 11 years of IRS 990 filings on record. Total revenue: $200K. No red flags identified. Financial health grade: A.
How does Cares Ng Development Organization spend its money?
Cares Ng Development Organization reported $200K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cares Ng Development Organization tax-deductible?
Cares Ng Development Organization is registered as a tax-exempt nonprofit (EIN: 463767944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cares Ng Development Organization located?
Cares Ng Development Organization is headquartered in Washington, Washington DC and files with the IRS under EIN 463767944. It is classified under NTEE code S41.
How many years of IRS 990 filings does Cares Ng Development Organization have?
Cares Ng Development Organization has 11 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 $200K in total revenue.
Filing History
IRS 990 filing history for Cares Ng Development Organization showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Cares Ng Development Organization's revenue has declined by 42.3%, moving from $347K to $200K. Total assets decreased by 28.6% over the same period, from $305K to $218K. Total functional expenses rose by 369.3%, from $42K to $196K. In its most recent filing year (2023), Cares Ng Development Organization reported a surplus of $4K, with revenue exceeding expenses. The organization holds $114K in liabilities against $218K in assets (debt-to-asset ratio: 52.5%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $196K | $218K | $114K | — | — |
| 2022 | $175K | $237K | $213K | $114K | — | View 990 |
| 2021 | $175K | $200K | $276K | $114K | — | View 990 |
| 2020 | $175K | $300K | $300K | $114K | — | — |
| 2019 | $275K | $338K | $412K | $101K | — | View 990 |
| 2018 | $305K | $210K | $374K | $0 | — | View 990 |
| 2017 | $395K | $352K | $279K | $0 | — | View 990 |
| 2016 | $150K | $345K | $237K | $0 | — | View 990 |
| 2015 | $460K | $348K | $432K | $0 | — | View 990 |
| 2014 | $665K | $650K | $320K | $0 | — | View 990 |
| 2013 | $347K | $42K | $305K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $196K, and assets of $218K (revenue +14.3% year-over-year).
- 2022: Revenue of $175K, expenses of $237K, and assets of $213K (revenue +0.0% year-over-year).
- 2021: Revenue of $175K, expenses of $200K, and assets of $276K (revenue +0.0% year-over-year).
- 2020: Revenue of $175K, expenses of $300K, and assets of $300K (revenue -36.4% year-over-year).
- 2019: Revenue of $275K, expenses of $338K, and assets of $412K (revenue -9.8% year-over-year).
- 2018: Revenue of $305K, expenses of $210K, and assets of $374K (revenue -22.8% year-over-year).
- 2017: Revenue of $395K, expenses of $352K, and assets of $279K (revenue +163.3% year-over-year).
- 2016: Revenue of $150K, expenses of $345K, and assets of $237K (revenue -67.4% year-over-year).
- 2015: Revenue of $460K, expenses of $348K, and assets of $432K (revenue -30.8% year-over-year).
- 2014: Revenue of $665K, expenses of $650K, and assets of $320K (revenue +91.8% year-over-year).
- 2013: Revenue of $347K, expenses of $42K, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cares Ng Development Organization:
Data Sources and Methodology
This transparency report for Cares Ng Development Organization 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.