Cares Of Ny Inc

Cares Of Ny Inc shows consistent revenue growth and strong financial health with no reported officer compensation.

EIN: 141731746 · Saratoga Spgs, NY · Updated: 2026-03-28

$17.6MRevenue

$7.7MAssets

90/100Mission Score (Excellent)

About Cares Of Ny Inc

Cares Of Ny Inc (EIN: 141731746) is a nonprofit organization based in Saratoga Spgs, NY. The organization reported total revenue of $17.6M and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cares Of Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cares Of Ny Inc demonstrates strong financial health and growth, with revenue increasing from $2,187,991 in 2014 to $14,973,146 in 2023. The organization consistently maintains a healthy asset base, reaching $8,227,771 in 2023, significantly exceeding its liabilities of $1,551,843. This indicates good financial stability and capacity.

The organization appears to be highly efficient in its spending, with expenses closely tracking revenue across most years, suggesting that the vast majority of funds are deployed towards its mission. For instance, in 2023, expenses were $14,409,912 against revenues of $14,973,146, leaving a modest surplus. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources to programs rather than executive salaries.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed and program-focused entity. The absence of reported officer compensation is a strong positive for transparency, indicating that leadership is either unpaid or compensated through other means not categorized as officer compensation, which would warrant further investigation of the full 990 forms for complete understanding.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cares Of Ny Inc with a Mission Score of 90 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Cares Of Ny Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size (latest revenue $14,973,146). This suggests either a volunteer-led executive team or compensation is categorized differently within the 990, warranting a deeper look into the full filing for clarity.

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 Cares Of Ny Inc's IRS 990 filings:

Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a fully volunteer executive team, requiring further investigation of the full 990.

Strengths

The following positive indicators were identified for Cares Of Ny Inc:

Consistent and substantial revenue growth over the past decade, from $2.1M in 2014 to $14.9M in 2023.
Strong financial health with assets consistently exceeding liabilities (e.g., $8.2M assets vs. $1.5M liabilities in 2023).
High spending efficiency, with expenses closely matching revenue, indicating most funds are deployed towards operations (e.g., $14.4M expenses vs. $14.9M revenue in 2023).
Zero reported officer compensation across all filings, suggesting a strong commitment to program spending and transparency regarding executive pay.

Frequently Asked Questions about Cares Of Ny Inc

Is Cares Of Ny Inc a good charity?

Based on the provided financial data, Cares Of Ny Inc appears to be a very good charity. It demonstrates strong financial growth, maintains healthy assets, and consistently reports 0% officer compensation, suggesting a high dedication of funds to its mission.

How has Cares Of Ny Inc's revenue grown over time?

Cares Of Ny Inc has experienced significant revenue growth, increasing from $2,187,991 in 2014 to $14,973,146 in 2023, indicating substantial expansion of its operations and funding.

What is the organization's financial stability?

The organization shows strong financial stability, with assets of $8,227,771 in 2023 significantly outweighing liabilities of $1,551,843, providing a healthy reserve and capacity.

Filing History

IRS 990 filing history for Cares Of Ny Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Cares Of Ny Inc's revenue has grown by 458.2%, moving from $2.7M to $15.0M. Total assets increased by 172.8% over the same period, from $3.0M to $8.2M. Total functional expenses rose by 409.2%, from $2.8M to $14.4M. In its most recent filing year (2023), Cares Of Ny Inc reported a surplus of $563K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $8.2M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $6.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$15.0M	$14.4M	$8.2M	$1.6M	—	View 990
2022	$15.6M	$12.9M	$7.7M	$1.6M	—	View 990
2021	$9.9M	$9.6M	$5.0M	$1.6M	—	View 990
2020	$8.0M	$8.2M	$3.8M	$604K	—	View 990
2019	$6.8M	$6.8M	$3.9M	$556K	—	View 990
2018	$2.6M	$2.6M	$3.6M	$310K	—	View 990
2017	$2.1M	$2.0M	$3.5M	$247K	—	View 990
2016	$1.8M	$1.8M	$3.5M	$232K	—	View 990
2015	$2.1M	$2.1M	$3.5M	$190K	—	View 990
2014	$2.2M	$2.0M	$3.5M	$244K	—	View 990
2013	$2.1M	$1.8M	$3.3M	$209K	—	View 990
2012	$1.6M	$1.7M	$3.0M	$1.6M	—	View 990
2011	$2.7M	$2.8M	$3.0M	$1.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $15.0M, expenses of $14.4M, and assets of $8.2M (revenue -4.2% year-over-year).
2022: Revenue of $15.6M, expenses of $12.9M, and assets of $7.7M (revenue +57.8% year-over-year).
2021: Revenue of $9.9M, expenses of $9.6M, and assets of $5.0M (revenue +23.2% year-over-year).
2020: Revenue of $8.0M, expenses of $8.2M, and assets of $3.8M (revenue +17.4% year-over-year).
2019: Revenue of $6.8M, expenses of $6.8M, and assets of $3.9M (revenue +163.0% year-over-year).
2018: Revenue of $2.6M, expenses of $2.6M, and assets of $3.6M (revenue +26.6% year-over-year).
2017: Revenue of $2.1M, expenses of $2.0M, and assets of $3.5M (revenue +15.7% year-over-year).
2016: Revenue of $1.8M, expenses of $1.8M, and assets of $3.5M (revenue -16.3% year-over-year).
2015: Revenue of $2.1M, expenses of $2.1M, and assets of $3.5M (revenue -3.0% year-over-year).
2014: Revenue of $2.2M, expenses of $2.0M, and assets of $3.5M (revenue +6.3% year-over-year).
2013: Revenue of $2.1M, expenses of $1.8M, and assets of $3.3M (revenue +26.0% year-over-year).
2012: Revenue of $1.6M, expenses of $1.7M, and assets of $3.0M (revenue -39.1% year-over-year).
2011: Revenue of $2.7M, expenses of $2.8M, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Cares Of 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.