Caring Hands Outreach Center Inc
Caring Hands Outreach Center Inc maintains strong assets and reports no officer compensation.
EIN: 200390118 · Altoona, IA · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $988K |
| Transparency Score | 92/100 |
Is Caring Hands Outreach Center 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 Outreach Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caring Hands Outreach Center Inc
Caring Hands Outreach Center Inc (EIN: 200390118) is a nonprofit organization based in Altoona, IA, classified under NTEE code K31. The organization reported total revenue of $1.0M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Hands Outreach Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Hands Outreach Center Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $960K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-113,759 |
| Total Assets | $3.1M |
| Total Liabilities | $2.1M |
| Net Assets | $988K |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 68.5% |
| Months of Reserves | 35.0 months |
Financial Health Grade: C
In 2023, Caring Hands Outreach Center Inc reported a deficit of $114K with expenses exceeding revenue, holds 35.0 months of operating reserves (strong position), has a debt-to-asset ratio of 68.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caring Hands Outreach Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.4% | +5.7% | -4.1% |
| 2022 | +15.1% | +57.3% | +4.2% |
| 2021 | +40.6% | +16.7% | +375.8% |
| 2020 | +29.3% | -1.7% | +36.0% |
| 2019 | -4.8% | +11.4% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Outreach Center Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Caring Hands Outreach Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $114K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.5%.
Executive Compensation Analysis
Caring Hands Outreach Center Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with over $1 million in annual revenue.
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 Outreach Center Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in the latest filing (202312), though not a significant concern given overall financial health.
Strengths
The following positive indicators were identified for Caring Hands Outreach Center Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Significant growth in assets, from $658,807 in 2020 to over $3 million by 2021.
- Strong asset-to-liability ratio, indicating financial stability.
- Consistent revenue generation, exceeding $1 million in recent years.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Caring Hands Outreach Center Inc
Is Caring Hands Outreach Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Hands Outreach Center Inc (EIN: 200390118) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Caring Hands Outreach Center Inc spend its money?
Caring Hands Outreach Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Hands Outreach Center Inc tax-deductible?
Caring Hands Outreach Center Inc is registered as a tax-exempt nonprofit (EIN: 200390118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Caring Hands Outreach Center Inc CEO make?
Caring Hands Outreach Center Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Caring Hands Outreach Center Inc's spending goes to programs?
Caring Hands Outreach Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Caring Hands Outreach Center Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Caring Hands Outreach Center Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caring Hands Outreach Center Inc located?
Caring Hands Outreach Center Inc is headquartered in Altoona, Iowa and files with the IRS under EIN 200390118. It is classified under NTEE code K31.
How many years of IRS 990 filings does Caring Hands Outreach Center Inc have?
Caring Hands Outreach Center 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 $1.0M in total revenue.
Is Caring Hands Outreach Center Inc a good charity?
Based on the available IRS 990 data, Caring Hands Outreach Center Inc appears to be a very good charity. It demonstrates strong financial health with substantial assets, consistent revenue, and, notably, reports 0% officer compensation, suggesting a high dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown significant growth, particularly in its asset base, which jumped from $658,807 in 2020 to over $3 million by 2021 and has remained stable since. Revenue has also steadily increased from under $200,000 in 2014 to over $1 million in recent years, indicating substantial expansion and financial stability.
What is the organization's approach to executive compensation?
Caring Hands Outreach Center Inc reports 0% officer compensation in all available filings, indicating a policy of not paying its officers, which is a strong positive for donor confidence and mission focus.
Filing History
IRS 990 filing history for Caring Hands Outreach Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caring Hands Outreach Center Inc's revenue has grown by 735.6%, moving from $115K to $960K. Total assets increased by 676.4% over the same period, from $404K to $3.1M. Total functional expenses rose by 847.1%, from $113K to $1.1M. In its most recent filing year (2023), Caring Hands Outreach Center Inc reported a deficit of $114K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $3.1M in assets (debt-to-asset ratio: 68.5%), resulting in net assets of $988K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $960K | $1.1M | $3.1M | $2.1M | — | — |
| 2022 | $1.2M | $1.0M | $3.3M | $2.1M | — | View 990 |
| 2021 | $1.0M | $646K | $3.1M | $2.1M | — | View 990 |
| 2020 | $727K | $553K | $659K | $2K | — | View 990 |
| 2019 | $563K | $563K | $484K | $1K | — | View 990 |
| 2018 | $591K | $505K | $534K | $51K | — | View 990 |
| 2017 | $613K | $448K | $526K | $128K | — | View 990 |
| 2016 | $143K | $164K | $416K | $182K | — | View 990 |
| 2015 | $174K | $185K | $448K | $185K | — | View 990 |
| 2014 | $192K | $159K | $463K | $189K | — | View 990 |
| 2013 | $157K | $142K | $434K | $192K | — | View 990 |
| 2012 | $153K | $131K | $422K | $196K | — | View 990 |
| 2011 | $115K | $113K | $404K | $200K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $960K, expenses of $1.1M, and assets of $3.1M (revenue -18.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $3.3M (revenue +15.1% year-over-year).
- 2021: Revenue of $1.0M, expenses of $646K, and assets of $3.1M (revenue +40.6% year-over-year).
- 2020: Revenue of $727K, expenses of $553K, and assets of $659K (revenue +29.3% year-over-year).
- 2019: Revenue of $563K, expenses of $563K, and assets of $484K (revenue -4.8% year-over-year).
- 2018: Revenue of $591K, expenses of $505K, and assets of $534K (revenue -3.6% year-over-year).
- 2017: Revenue of $613K, expenses of $448K, and assets of $526K (revenue +328.8% year-over-year).
- 2016: Revenue of $143K, expenses of $164K, and assets of $416K (revenue -17.9% year-over-year).
- 2015: Revenue of $174K, expenses of $185K, and assets of $448K (revenue -9.4% year-over-year).
- 2014: Revenue of $192K, expenses of $159K, and assets of $463K (revenue +22.5% year-over-year).
- 2013: Revenue of $157K, expenses of $142K, and assets of $434K (revenue +2.4% year-over-year).
- 2012: Revenue of $153K, expenses of $131K, and assets of $422K (revenue +33.3% year-over-year).
- 2011: Revenue of $115K, expenses of $113K, and assets of $404K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caring Hands Outreach Center Inc:
Data Sources and Methodology
This transparency report for Caring Hands Outreach Center 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.