Caresparc Community Connections Inc
EIN: 872368394 · Maplewood, NJ · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $668K |
| Total Expenses | $318K |
| Net Assets | $12K |
Is Caresparc Community Connections Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Caresparc Community Connections Inc
Caresparc Community Connections Inc (EIN: 872368394) is a nonprofit organization based in Maplewood, NJ, classified under NTEE code E60. The organization reported total revenue of $668K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caresparc Community Connections Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caresparc Community Connections Inc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 32.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $318K |
| Surplus / Deficit | +$8K |
| Total Assets | $133K |
| Total Liabilities | $121K |
| Net Assets | $12K |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 90.9% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Caresparc Community Connections Inc reported a surplus of $8K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 90.9% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Caresparc Community Connections Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.5% | +31.6% | +27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Caresparc Community Connections 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 Caresparc Community Connections 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 surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.9%.
Frequently Asked Questions about Caresparc Community Connections Inc
Is Caresparc Community Connections Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caresparc Community Connections Inc (EIN: 872368394) insufficient data. 0 red flags identified, 0 strengths noted.
How does Caresparc Community Connections Inc spend its money?
Detailed spending breakdown data is not yet available for Caresparc Community Connections Inc. Check back for updated IRS 990 analysis.
Are donations to Caresparc Community Connections Inc tax-deductible?
Caresparc Community Connections Inc is registered as a tax-exempt nonprofit (EIN: 872368394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Caresparc Community Connections Inc located?
Caresparc Community Connections Inc is headquartered in Maplewood, New Jersey and files with the IRS under EIN 872368394. It is classified under NTEE code E60.
How many years of IRS 990 filings does Caresparc Community Connections Inc have?
Caresparc Community Connections Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $668K in total revenue.
Filing History
IRS 990 filing history for Caresparc Community Connections Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Caresparc Community Connections Inc's revenue has grown by 32.5%, moving from $246K to $326K. Total assets increased by 27.8% over the same period, from $104K to $133K. Total functional expenses rose by 31.6%, from $241K to $318K. In its most recent filing year (2023), Caresparc Community Connections Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $121K in liabilities against $133K in assets (debt-to-asset ratio: 90.9%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $326K | $318K | $133K | $121K | — | — |
| 2022 | $246K | $241K | $104K | $100K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caresparc Community Connections Inc:
Data Sources and Methodology
This transparency report for Caresparc Community Connections 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.