Caring Place Of Hot Springs Inc

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Caring Place Of Hot Springs Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Caring Place Of Hot Springs Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Caring Place Of Hot Springs Inc in one place.

Is Caring Place Of Hot Springs Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Caring Place Of Hot Springs Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Caring Place Of Hot Springs Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Caring Place Of Hot Springs Inc

Caring Place Of Hot Springs Inc (EIN: 203787372) is a nonprofit organization based in Hot Springs, AR, classified under NTEE code A20. The organization reported total revenue of $423K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Place Of Hot Springs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Caring Place Of Hot Springs Inc is a small 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 -0.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Caring Place Of Hot Springs Inc reported a deficit of $92K with expenses exceeding revenue, holds 30.3 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 Place Of Hot Springs Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.

IRS Tax-Exempt Classification

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 Place Of Hot Springs 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Caring Place Of Hot Springs 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 $92K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.6%.

Executive Compensation Analysis

Executive compensation is reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets over $940,000.

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.

Red Flags

The following concerns were identified during AI analysis of Caring Place Of Hot Springs Inc's IRS 990 filings:

• Significant year-over-year revenue volatility (e.g., $844,282 in 2022 to $280,642 in 2023) could indicate reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for Caring Place Of Hot Springs Inc:

• Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
• Strong and growing asset base, reaching $940,607 in 2023, providing financial resilience.
• Very low liabilities ($5,426 in 2023), suggesting sound financial management and minimal debt.
• Long filing history (13 filings) demonstrates consistent operation and transparency.

Frequently Asked Questions about Caring Place Of Hot Springs Inc

Filing History

IRS 990 filing history for Caring Place Of Hot Springs Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caring Place Of Hot Springs Inc's revenue has declined by 0.3%, moving from $282K to $281K. Total assets increased by 177.7% over the same period, from $339K to $941K. Total functional expenses rose by 33.3%, from $280K to $373K. In its most recent filing year (2023), Caring Place Of Hot Springs Inc reported a deficit of $92K, with expenses exceeding revenue. The organization holds $5K in liabilities against $941K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $935K.

Year-by-Year Financial Summary

• 2023: Revenue of $281K, expenses of $373K, and assets of $941K (revenue -66.8% year-over-year).
• 2022: Revenue of $844K, expenses of $427K, and assets of $1.0M (revenue +269.3% year-over-year).
• 2021: Revenue of $229K, expenses of $185K, and assets of $710K (revenue +84.0% year-over-year).
• 2020: Revenue of $124K, expenses of $152K, and assets of $671K (revenue -60.4% year-over-year).
• 2019: Revenue of $314K, expenses of $333K, and assets of $613K (revenue +6.6% year-over-year).
• 2018: Revenue of $295K, expenses of $366K, and assets of $551K (revenue -7.4% year-over-year).
• 2017: Revenue of $318K, expenses of $401K, and assets of $649K (revenue -9.8% year-over-year).
• 2016: Revenue of $353K, expenses of $354K, and assets of $717K (revenue -52.8% year-over-year).
• 2015: Revenue of $747K, expenses of $375K, and assets of $683K (revenue +123.8% year-over-year).
• 2014: Revenue of $334K, expenses of $333K, and assets of $368K (revenue +7.6% year-over-year).
• 2013: Revenue of $310K, expenses of $309K, and assets of $363K (revenue -14.4% year-over-year).
• 2012: Revenue of $362K, expenses of $335K, and assets of $365K (revenue +28.8% year-over-year).
• 2011: Revenue of $282K, expenses of $280K, and assets of $339K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Caring Place Of Hot Springs Inc:

Data Sources and Methodology

This transparency report for Caring Place Of Hot Springs 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.