Caring Hands Healthcare Centers Inc
Caring Hands Healthcare Centers Inc shows consistent revenue growth and asset accumulation with 0% reported officer compensation.
EIN: 203587410 · Mcalester, OK · NTEE: E32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.2M |
| Total Expenses | $13.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Caring Hands Healthcare Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caring Hands Healthcare Centers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caring Hands Healthcare Centers Inc
Caring Hands Healthcare Centers Inc (EIN: 203587410) is a nonprofit organization based in Mcalester, OK, classified under NTEE code E32. The organization reported total revenue of $21.2M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Hands Healthcare Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Hands Healthcare Centers Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.1M |
| Total Expenses | $13.3M |
| Surplus / Deficit | +$3.7M |
| Total Assets | $11.7M |
| Total Liabilities | $2.2M |
| Net Assets | $9.5M |
| Operating Margin | 21.9% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Caring Hands Healthcare Centers Inc reported a surplus of $3.7M with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caring Hands Healthcare Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | +29.3% | +46.8% |
| 2022 | +49.4% | +28.2% | +126.5% |
| 2021 | +37.1% | +40.6% | +34.0% |
| 2020 | +24.4% | +17.2% | +46.5% |
| 2019 | +33.4% | +41.4% | +49.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hands Healthcare Centers 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 Hands Healthcare Centers 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $17 million in annual revenue. This could indicate that executive leadership is compensated through other mechanisms not categorized as 'officer compensation' or that the organization relies heavily on volunteer leadership.
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 Hands Healthcare Centers Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, which warrants further inquiry into executive compensation practices.
Strengths
The following positive indicators were identified for Caring Hands Healthcare Centers Inc:
- Consistent and significant revenue growth over the past decade, from $1.5M to $17M.
- Strong asset accumulation, growing from $335K to $11.7M, indicating financial stability and reinvestment.
- Expenses consistently well below revenue, demonstrating efficient financial management and generating surpluses.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
Frequently Asked Questions about Caring Hands Healthcare Centers Inc
Is Caring Hands Healthcare Centers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Hands Healthcare Centers Inc (EIN: 203587410) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Caring Hands Healthcare Centers Inc spend its money?
Caring Hands Healthcare Centers Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Hands Healthcare Centers Inc tax-deductible?
Caring Hands Healthcare Centers Inc is registered as a tax-exempt nonprofit (EIN: 203587410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Caring Hands Healthcare Centers Inc CEO make?
Caring Hands Healthcare Centers Inc's highest-compensated officer earns $17 annually. The organization reported $21.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Caring Hands Healthcare Centers Inc's spending goes to programs?
Caring Hands Healthcare Centers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Caring Hands Healthcare Centers Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Caring Hands Healthcare Centers Inc is above average for NTEE category E32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caring Hands Healthcare Centers Inc located?
Caring Hands Healthcare Centers Inc is headquartered in Mcalester, Oklahoma and files with the IRS under EIN 203587410. It is classified under NTEE code E32.
How many years of IRS 990 filings does Caring Hands Healthcare Centers Inc have?
Caring Hands Healthcare Centers 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 $21.2M in total revenue.
How does Caring Hands Healthcare Centers Inc manage to report 0% officer compensation despite its significant revenue and asset base?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests that executive leadership may be compensated through other means (e.g., as employees rather than officers, or through a related entity) or that the organization operates with a unique, potentially volunteer-driven, leadership compensation model. Further investigation into their compensation practices would be beneficial for full transparency.
What is the primary source of Caring Hands Healthcare Centers Inc's revenue growth?
The provided data shows consistent and significant revenue growth from $1.5 million in 2014 to over $17 million in 2023. While the specific sources (e.g., grants, service fees, donations) are not detailed in this summary, the NTEE code E32 (Community Health Systems) suggests that service fees for healthcare services are likely a major contributor to this growth.
What is the organization's strategy for managing its increasing liabilities?
While assets have grown substantially, liabilities have also increased, from $52,009 in 2014 to $2,244,993 in 2023. However, the asset-to-liability ratio remains strong (e.g., $11,699,055 assets vs. $2,244,993 liabilities in 2023), indicating that the organization has sufficient assets to cover its obligations. This growth in liabilities is likely tied to expansion and asset acquisition, which is a normal part of organizational growth.
Filing History
IRS 990 filing history for Caring Hands Healthcare Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caring Hands Healthcare Centers Inc's revenue has grown by 1338.9%, moving from $1.2M to $17.1M. Total assets increased by 2594.2% over the same period, from $434K to $11.7M. Total functional expenses rose by 1355.2%, from $916K to $13.3M. In its most recent filing year (2023), Caring Hands Healthcare Centers Inc reported a surplus of $3.7M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $11.7M in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.1M | $13.3M | $11.7M | $2.2M | — | — |
| 2022 | $13.2M | $10.3M | $8.0M | $2.3M | — | View 990 |
| 2021 | $8.8M | $8.0M | $3.5M | $704K | — | View 990 |
| 2020 | $6.4M | $5.7M | $2.6M | $610K | — | View 990 |
| 2019 | $5.2M | $4.9M | $1.8M | $505K | — | View 990 |
| 2018 | $3.9M | $3.4M | $1.2M | $211K | — | View 990 |
| 2017 | $2.7M | $2.8M | $722K | $172K | — | View 990 |
| 2016 | $2.4M | $2.2M | $760K | $130K | — | View 990 |
| 2015 | $1.5M | $1.4M | $494K | $72K | — | View 990 |
| 2014 | $1.6M | $1.4M | $335K | $52K | — | View 990 |
| 2013 | $1.2M | $1.4M | $181K | $78K | — | View 990 |
| 2012 | $1.1M | $1.1M | $378K | $55K | — | View 990 |
| 2011 | $1.2M | $916K | $434K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.1M, expenses of $13.3M, and assets of $11.7M (revenue +29.3% year-over-year).
- 2022: Revenue of $13.2M, expenses of $10.3M, and assets of $8.0M (revenue +49.4% year-over-year).
- 2021: Revenue of $8.8M, expenses of $8.0M, and assets of $3.5M (revenue +37.1% year-over-year).
- 2020: Revenue of $6.4M, expenses of $5.7M, and assets of $2.6M (revenue +24.4% year-over-year).
- 2019: Revenue of $5.2M, expenses of $4.9M, and assets of $1.8M (revenue +33.4% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.4M, and assets of $1.2M (revenue +42.3% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.8M, and assets of $722K (revenue +15.1% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.2M, and assets of $760K (revenue +55.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $494K (revenue -2.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $335K (revenue +29.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $181K (revenue +13.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $378K (revenue -9.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $916K, and assets of $434K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caring Hands Healthcare Centers Inc:
Data Sources and Methodology
This transparency report for Caring Hands Healthcare Centers 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.