Caring Hearts Free Clinic Of Patrick County Inc
Caring Hearts Free Clinic consistently operates with a surplus, growing assets and zero officer compensation.
EIN: 141909014 · Stuart, VA · NTEE: E32 · Updated: 2026-03-28
Is Caring Hearts Free Clinic Of Patrick County Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caring Hearts Free Clinic Of Patrick County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caring Hearts Free Clinic Of Patrick County Inc
Caring Hearts Free Clinic Of Patrick County Inc (EIN: 141909014) is a nonprofit organization based in Stuart, VA, classified under NTEE code E32. The organization reported total revenue of $238K and total assets of $811K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Hearts Free Clinic Of Patrick County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Hearts Free Clinic Of Patrick County Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $174K |
| Surplus / Deficit | +$83K |
| Total Assets | $769K |
| Total Liabilities | $4K |
| Net Assets | $764K |
| Operating Margin | 32.3% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 53.1 months |
Financial Health Grade: A
In 2023, Caring Hearts Free Clinic Of Patrick County Inc reported a surplus of $83K with revenue exceeding expenses, holds 53.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caring Hearts Free Clinic Of Patrick County Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | -12.3% | +11.7% |
| 2022 | +27.4% | +20.7% | +7.2% |
| 2021 | -18.6% | -0.1% | +10.5% |
| 2020 | +4.9% | -14.0% | +24.0% |
| 2019 | +15.2% | +26.0% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hearts Free Clinic Of Patrick County Inc with a Mission Score of 95 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 Hearts Free Clinic Of Patrick County 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 surplus of $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets growing to over $768,000.
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.
Strengths
The following positive indicators were identified for Caring Hearts Free Clinic Of Patrick County Inc:
- Consistent asset growth, from $222,277 in 2014 to $768,667 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Consistent operating surplus, with revenue exceeding expenses (e.g., $256,701 revenue vs. $173,712 expenses in 2023).
- Strong program spending efficiency, with an estimated 90% of expenses directed to programs.
- Low liabilities relative to assets, indicating strong financial stability.
Frequently Asked Questions about Caring Hearts Free Clinic Of Patrick County Inc
Is Caring Hearts Free Clinic Of Patrick County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Hearts Free Clinic Of Patrick County Inc (EIN: 141909014) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Caring Hearts Free Clinic Of Patrick County Inc spend its money?
Caring Hearts Free Clinic Of Patrick County Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Hearts Free Clinic Of Patrick County Inc tax-deductible?
Caring Hearts Free Clinic Of Patrick County Inc is registered as a tax-exempt nonprofit (EIN: 141909014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Caring Hearts Free Clinic Of Patrick County Inc a good charity?
Yes, based on its financial data, Caring Hearts Free Clinic appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $222,277 in 2014 to $768,667 in 2023, and it consistently generates more revenue than expenses, demonstrating sustainable growth.
What is the organization's approach to executive compensation?
Caring Hearts Free Clinic has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests a volunteer-led model, ensuring all funds are directed towards program services.
Filing History
IRS 990 filing history for Caring Hearts Free Clinic Of Patrick County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caring Hearts Free Clinic Of Patrick County Inc's revenue has grown by 70%, moving from $151K to $257K. Total assets increased by 539.5% over the same period, from $120K to $769K. Total functional expenses rose by 25.2%, from $139K to $174K. In its most recent filing year (2023), Caring Hearts Free Clinic Of Patrick County Inc reported a surplus of $83K, with revenue exceeding expenses. The organization holds $4K in liabilities against $769K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $764K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $174K | $769K | $4K | — | View 990 |
| 2022 | $286K | $198K | $688K | $2K | — | View 990 |
| 2021 | $224K | $164K | $642K | $3K | — | — |
| 2020 | $276K | $164K | $581K | $3K | — | View 990 |
| 2019 | $263K | $191K | $469K | $3K | — | View 990 |
| 2018 | $228K | $152K | $403K | $2K | — | View 990 |
| 2017 | $184K | $151K | $330K | $2K | — | View 990 |
| 2016 | $220K | $163K | $296K | $1K | — | View 990 |
| 2015 | $192K | $179K | $264K | $26K | — | View 990 |
| 2014 | $155K | $131K | $222K | $27K | — | View 990 |
| 2013 | $157K | $125K | $200K | $28K | — | View 990 |
| 2012 | $159K | $137K | $140K | $299 | — | View 990 |
| 2011 | $151K | $139K | $120K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $174K, and assets of $769K (revenue -10.2% year-over-year).
- 2022: Revenue of $286K, expenses of $198K, and assets of $688K (revenue +27.4% year-over-year).
- 2021: Revenue of $224K, expenses of $164K, and assets of $642K (revenue -18.6% year-over-year).
- 2020: Revenue of $276K, expenses of $164K, and assets of $581K (revenue +4.9% year-over-year).
- 2019: Revenue of $263K, expenses of $191K, and assets of $469K (revenue +15.2% year-over-year).
- 2018: Revenue of $228K, expenses of $152K, and assets of $403K (revenue +24.1% year-over-year).
- 2017: Revenue of $184K, expenses of $151K, and assets of $330K (revenue -16.5% year-over-year).
- 2016: Revenue of $220K, expenses of $163K, and assets of $296K (revenue +14.4% year-over-year).
- 2015: Revenue of $192K, expenses of $179K, and assets of $264K (revenue +24.4% year-over-year).
- 2014: Revenue of $155K, expenses of $131K, and assets of $222K (revenue -1.4% year-over-year).
- 2013: Revenue of $157K, expenses of $125K, and assets of $200K (revenue -1.2% year-over-year).
- 2012: Revenue of $159K, expenses of $137K, and assets of $140K (revenue +5.2% year-over-year).
- 2011: Revenue of $151K, expenses of $139K, and assets of $120K.
Data Sources and Methodology
This transparency report for Caring Hearts Free Clinic Of Patrick County 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.