Caring Place Of Hot Springs Inc
Caring Place Of Hot Springs Inc maintains strong assets and zero executive compensation despite fluctuating annual revenues.
EIN: 203787372 · Hot Springs, AR · NTEE: A20 · Updated: 2026-03-28
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 →
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.
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.
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
Is Caring Place Of Hot Springs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Place Of Hot Springs Inc (EIN: 203787372) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Caring Place Of Hot Springs Inc spend its money?
Caring Place Of Hot Springs Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Place Of Hot Springs Inc tax-deductible?
Caring Place Of Hot Springs Inc is registered as a tax-exempt nonprofit (EIN: 203787372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Caring Place Of Hot Springs Inc a good charity?
Based on the available IRS 990 data, Caring Place Of Hot Springs Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are directed towards its mission, and has shown consistent asset growth, reaching $940,607 in 2023, demonstrating financial stability.
How has the organization's revenue trended recently?
The organization's revenue has fluctuated significantly in recent years, peaking at $844,282 in 2022 before dropping to $280,642 in 2023. This suggests a need to understand the sources of these fluctuations.
What is the organization's financial stability?
Caring Place Of Hot Springs Inc demonstrates good financial stability, with assets consistently growing to $940,607 in 2023 and very low liabilities ($5,426 in 2023), indicating a strong balance sheet despite annual revenue variations.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $373K | $941K | $5K | — | View 990 |
| 2022 | $844K | $427K | $1.0M | $14K | — | — |
| 2021 | $229K | $185K | $710K | $100K | — | View 990 |
| 2020 | $124K | $152K | $671K | $104K | — | View 990 |
| 2019 | $314K | $333K | $613K | $18K | — | View 990 |
| 2018 | $295K | $366K | $551K | $14K | — | View 990 |
| 2017 | $318K | $401K | $649K | $10K | — | View 990 |
| 2016 | $353K | $354K | $717K | $8K | — | View 990 |
| 2015 | $747K | $375K | $683K | $9K | — | View 990 |
| 2014 | $334K | $333K | $368K | $8K | — | View 990 |
| 2013 | $310K | $309K | $363K | $6K | — | View 990 |
| 2012 | $362K | $335K | $365K | $8K | — | View 990 |
| 2011 | $282K | $280K | $339K | $9K | — | View 990 |
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.
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.