Caring Families Inc
Caring Families Inc shows consistent revenue growth and tight expense management with no reported officer compensation.
EIN: 10525617 · Livermore Fls, ME · NTEE: L80 · Updated: 2026-03-28
Is Caring Families Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caring Families Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caring Families Inc
Caring Families Inc (EIN: 10525617) is a nonprofit organization based in Livermore Fls, ME, classified under NTEE code L80. The organization reported total revenue of $6.1M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Families Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Families Inc is a mid-size nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$90K |
| Total Assets | $2.3M |
| Total Liabilities | $1.6M |
| Net Assets | $716K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 68.7% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2024, Caring Families Inc reported a surplus of $90K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 68.7% (high leverage).
Financial Trends
Over 9 years of filings (2013–2024), Caring Families Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.0% | +7.5% | +8.5% |
| 2023 | +4.9% | +6.0% | -3.4% |
| 2022 | +7.5% | +9.9% | +6.4% |
| 2021 | +5.1% | +6.0% | -6.9% |
| 2020 | +0.5% | +0.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Caring Families Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Caring Families Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.7%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all nine available filings is highly unusual for an organization with annual revenues exceeding $6 million and assets nearing $3 million, suggesting either a fully volunteer executive team or that compensation is categorized differently.
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 Caring Families Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further scrutiny for transparency.
Strengths
The following positive indicators were identified for Caring Families Inc:
- Consistent revenue growth from $3.2M in 2013 to $6.0M currently, indicating strong financial health and donor support.
- Prudent expense management, consistently operating with a narrow surplus (e.g., $90,014 in 2024) rather than accumulating excessive reserves.
- Stable asset base relative to liabilities, providing financial security and capacity for operations.
- Long history of IRS 990 filings (9 filings), demonstrating consistent compliance and transparency over time.
Frequently Asked Questions about Caring Families Inc
Is Caring Families Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Families Inc (EIN: 10525617) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Caring Families Inc spend its money?
Caring Families Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Families Inc tax-deductible?
Caring Families Inc is registered as a tax-exempt nonprofit (EIN: 10525617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Caring Families Inc manage to operate with 0% officer compensation, as reported in all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It could indicate that executive leadership is entirely volunteer-based, or that compensation is reported under other expense categories, or that the organization uses an external management company. Further investigation into their detailed expense schedules would be necessary to clarify this.
What is the specific breakdown of program, administrative, and fundraising expenses?
While specific line-item breakdowns are not provided in the summary data, the consistent narrow surplus (e.g., $90,014 in 2024 on $5M+ expenses) suggests a high proportion of expenses are directed towards core activities, with administrative and fundraising costs kept relatively low to maintain operational efficiency.
What is the organization's strategy for managing its liabilities, which have fluctuated over the years?
Liabilities have shown some fluctuation, peaking around $2.3 million in 2014-2015 and more recently at $1,571,135 in 2024. The organization appears to manage its liabilities in relation to its assets, maintaining a healthy asset-to-liability ratio, indicating a stable financial position.
Filing History
IRS 990 filing history for Caring Families Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2013–2024), Caring Families Inc's revenue has grown by 56.8%, moving from $3.2M to $5.1M. Total assets decreased by 4.8% over the same period, from $2.4M to $2.3M. Total functional expenses rose by 49.7%, from $3.3M to $5.0M. In its most recent filing year (2024), Caring Families Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $2.3M in assets (debt-to-asset ratio: 68.7%), resulting in net assets of $716K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.1M | $5.0M | $2.3M | $1.6M | — | — |
| 2023 | $4.6M | $4.6M | $2.1M | $1.5M | — | View 990 |
| 2022 | $4.4M | $4.4M | $2.2M | $1.6M | — | View 990 |
| 2021 | $4.1M | $4.0M | $2.1M | $1.5M | — | View 990 |
| 2020 | $3.9M | $3.7M | $2.2M | $1.8M | — | — |
| 2019 | $3.9M | $3.7M | $2.2M | $2.0M | — | View 990 |
| 2015 | $3.4M | $3.5M | $2.4M | $2.3M | — | View 990 |
| 2014 | $3.4M | $3.4M | $2.4M | $2.3M | — | View 990 |
| 2013 | $3.2M | $3.3M | $2.4M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.1M, expenses of $5.0M, and assets of $2.3M (revenue +9.0% year-over-year).
- 2023: Revenue of $4.6M, expenses of $4.6M, and assets of $2.1M (revenue +4.9% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.4M, and assets of $2.2M (revenue +7.5% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.0M, and assets of $2.1M (revenue +5.1% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.7M, and assets of $2.2M (revenue +0.5% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.7M, and assets of $2.2M (revenue +13.2% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $2.4M (revenue +2.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.4M, and assets of $2.4M (revenue +3.8% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.3M, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Caring Families 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.