Caring Incorporated
Caring Incorporated: Strong Asset Growth, but Transparency Lacking
EIN: 222178791 · Pleasantville, NJ · NTEE: L22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $15.8M |
| Total Expenses | $6.8M |
| Program Spending | 70% |
| Net Assets | $26.6M |
| Transparency Score | 75/100 |
Is Caring Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caring Incorporated directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Caring Incorporated
Caring Incorporated (EIN: 222178791) is a nonprofit organization based in Pleasantville, NJ, classified under NTEE code L22. The organization reported total revenue of $15.8M and total assets of $78.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Incorporated is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.6M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$5.9M |
| Total Assets | $58.2M |
| Total Liabilities | $31.5M |
| Net Assets | $26.6M |
| Operating Margin | 46.4% |
| Debt-to-Asset Ratio | 54.2% |
| Months of Reserves | 103.0 months |
Financial Health Grade: A
In 2023, Caring Incorporated reported a surplus of $5.9M with revenue exceeding expenses, holds 103.0 months of operating reserves (strong position), has a debt-to-asset ratio of 54.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caring Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | +5.8% | +15.7% |
| 2022 | +17.7% | +12.1% | +33.1% |
| 2021 | -12.1% | -16.4% | +68.5% |
| 2020 | +7.7% | +9.2% | +46.9% |
| 2019 | +39.6% | +7.3% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Caring Incorporated allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided filings, making it difficult to assess its reasonableness relative to the organization's revenue and assets.
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 Incorporated's IRS 990 filings:
- Lack of detailed executive compensation disclosure.
- Absence of a clear breakdown of program expenses beyond a single line item.
- Rapid asset growth (from $13.8M in 2018 to $77.9M in 2023) without corresponding detailed explanation of asset utilization.
Strengths
The following positive indicators were identified for Caring Incorporated:
- Consistent revenue growth over the past several years, from $6.4M in 2017 to $15.8M in 2023.
- Significant increase in net assets, indicating strong financial health and capacity.
- Low liability-to-asset ratio, suggesting good financial management.
Frequently Asked Questions about Caring Incorporated
Is Caring Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Incorporated (EIN: 222178791) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Caring Incorporated spend its money?
Caring Incorporated directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Incorporated tax-deductible?
Caring Incorporated is registered as a tax-exempt nonprofit (EIN: 222178791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Caring Incorporated's spending goes to programs?
Caring Incorporated directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Caring Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Caring Incorporated is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caring Incorporated located?
Caring Incorporated is headquartered in Pleasantville, New Jersey and files with the IRS under EIN 222178791. It is classified under NTEE code L22.
How many years of IRS 990 filings does Caring Incorporated have?
Caring Incorporated 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 $15.8M in total revenue.
What does Caring Incorporated do?
Caring Incorporated is a nonprofit organization in the Housing & Shelter sector, located in Pleasantville, New Jersey. It is classified under NTEE code L22.
How much revenue does Caring Incorporated have?
Caring Incorporated reported total revenue of $15,805,322. Based on 13 IRS 990 filings on record.
What are Caring Incorporated's total assets?
Caring Incorporated holds total assets of $77,959,227 as reported in IRS 990 filings.
Where is Caring Incorporated located?
Caring Incorporated is based in Pleasantville, New Jersey.
What is Caring Incorporated's EIN?
Caring Incorporated's Employer Identification Number (EIN) is 222178791. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Caring Incorporated?
Caring Incorporated is classified under NTEE code L22 (Housing & Shelter).
Is Caring Incorporated a registered 501(c)(3)?
Yes, Caring Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222178791.
Does Caring Incorporated file IRS Form 990?
Yes, Caring Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Caring Incorporated's revenue in 2023?
In the 202303 filing period, Caring Incorporated reported total revenue of $12,623,926, total expenses of $6,772,282, and net assets of $58,155,045.
Is Caring Incorporated's revenue growing or declining?
Caring Incorporated's revenue is growing. Revenue went from $10,490,543 (202203) to $12,623,926 (202303), a +20.3% change. Based on 13 filings on record.
What is Caring Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Caring Incorporated covers tax period 202303. It shows revenue of $12,623,926, expenses of $6,772,282, total assets of $58,155,045, and liabilities of $31,505,098.
How much does Caring Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Caring Incorporated allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Caring Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Caring Incorporated appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Caring Incorporated?
The following concerns were identified: Lack of detailed executive compensation disclosure.. Absence of a clear breakdown of program expenses beyond a single line item.. Rapid asset growth (from $13.8M in 2018 to $77.9M in 2023) without corresponding detailed explanation of asset utilization.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Caring Incorporated's strengths?
Positive indicators for Caring Incorporated include: Consistent revenue growth over the past several years, from $6.4M in 2017 to $15.8M in 2023.. Significant increase in net assets, indicating strong financial health and capacity.. Low liability-to-asset ratio, suggesting good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Caring Incorporated compensate executives?
Executive compensation is not explicitly detailed in the provided filings, making it difficult to assess its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in assets from $13.8M in 2018 to $77.9M in 2023, what specific strategies or investments have driven this growth, and how are these assets being leveraged to further the mission?
The filings indicate a significant accumulation of assets, but do not provide specific details on the nature of these assets (e.g., real estate, investments) or how they directly contribute to program delivery. Further inquiry into asset management and deployment is warranted.
With total expenses of $6,772,282 in 2023, how is this figure allocated across specific programs, administrative overhead, and fundraising efforts to ensure efficient use of donor funds?
The provided data aggregates expenses, making it challenging to discern the precise allocation to programs versus administrative and fundraising costs. A more granular breakdown would allow for a clearer assessment of operational efficiency.
Filing History
IRS 990 filing history for Caring Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caring Incorporated's revenue has grown by 182.2%, moving from $4.5M to $12.6M. Total assets increased by 537.1% over the same period, from $9.1M to $58.2M. Total functional expenses rose by 88.5%, from $3.6M to $6.8M. In its most recent filing year (2023), Caring Incorporated reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $31.5M in liabilities against $58.2M in assets (debt-to-asset ratio: 54.2%), resulting in net assets of $26.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.6M | $6.8M | $58.2M | $31.5M | — | — |
| 2022 | $10.5M | $6.4M | $50.3M | $26.2M | — | View 990 |
| 2021 | $8.9M | $5.7M | $37.8M | $16.4M | — | View 990 |
| 2020 | $10.1M | $6.8M | $22.4M | $5.7M | — | View 990 |
| 2019 | $9.4M | $6.3M | $15.3M | $1.3M | — | View 990 |
| 2018 | $6.7M | $5.8M | $13.9M | $3.0M | — | View 990 |
| 2017 | $6.4M | $5.6M | $13.6M | $3.7M | — | View 990 |
| 2016 | $6.6M | $5.9M | $13.2M | $4.1M | — | View 990 |
| 2015 | $7.5M | $5.7M | $13.7M | $5.3M | — | View 990 |
| 2014 | $6.3M | $5.4M | $11.2M | $4.7M | — | View 990 |
| 2013 | $6.3M | $5.3M | $10.6M | $5.0M | — | View 990 |
| 2012 | $5.4M | $4.5M | $8.4M | $3.8M | — | View 990 |
| 2011 | $4.5M | $3.6M | $9.1M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.6M, expenses of $6.8M, and assets of $58.2M (revenue +20.3% year-over-year).
- 2022: Revenue of $10.5M, expenses of $6.4M, and assets of $50.3M (revenue +17.7% year-over-year).
- 2021: Revenue of $8.9M, expenses of $5.7M, and assets of $37.8M (revenue -12.1% year-over-year).
- 2020: Revenue of $10.1M, expenses of $6.8M, and assets of $22.4M (revenue +7.7% year-over-year).
- 2019: Revenue of $9.4M, expenses of $6.3M, and assets of $15.3M (revenue +39.6% year-over-year).
- 2018: Revenue of $6.7M, expenses of $5.8M, and assets of $13.9M (revenue +4.7% year-over-year).
- 2017: Revenue of $6.4M, expenses of $5.6M, and assets of $13.6M (revenue -2.6% year-over-year).
- 2016: Revenue of $6.6M, expenses of $5.9M, and assets of $13.2M (revenue -12.1% year-over-year).
- 2015: Revenue of $7.5M, expenses of $5.7M, and assets of $13.7M (revenue +19.6% year-over-year).
- 2014: Revenue of $6.3M, expenses of $5.4M, and assets of $11.2M (revenue +0.3% year-over-year).
- 2013: Revenue of $6.3M, expenses of $5.3M, and assets of $10.6M (revenue +16.8% year-over-year).
- 2012: Revenue of $5.4M, expenses of $4.5M, and assets of $8.4M (revenue +20.0% year-over-year).
- 2011: Revenue of $4.5M, expenses of $3.6M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caring Incorporated:
Data Sources and Methodology
This transparency report for Caring Incorporated 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.