Caring Unlimited Corp
Caring Unlimited Corp maintains stable finances with consistent growth and no reported officer compensation.
EIN: 10358141 · Sanford, ME · NTEE: P43Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Caring Unlimited Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caring Unlimited Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caring Unlimited Corp
Caring Unlimited Corp (EIN: 10358141) is a nonprofit organization based in Sanford, ME, classified under NTEE code P43Z. The organization reported total revenue of $2.9M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Unlimited Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caring Unlimited Corp is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-2,360 |
| Total Assets | $2.6M |
| Total Liabilities | $753K |
| Net Assets | $1.8M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, Caring Unlimited Corp reported a deficit of $2K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Caring Unlimited Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | +11.0% | +2.5% |
| 2022 | +13.4% | +10.6% | +6.3% |
| 2021 | -13.6% | +27.8% | +15.5% |
| 2020 | +54.7% | +2.7% | +17.6% |
| 2019 | +12.2% | +8.0% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Unlimited Corp with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Caring Unlimited Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.4%.
Executive Compensation Analysis
Caring Unlimited Corp consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting that leadership may be volunteer-based or compensated through other means not classified as officer compensation, and that resources are primarily directed to programmatic activities.
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 Unlimited Corp's IRS 990 filings:
- Slight deficit in 202309 ($2,835,101 revenue vs. $2,837,461 expenses), though minor in context of overall finances.
Strengths
The following positive indicators were identified for Caring Unlimited Corp:
- Consistent revenue growth over the past decade, from $1.4M in 2014 to $2.8M in 2023.
- Zero reported officer compensation across all filings, indicating strong resource allocation to mission.
- Healthy growth in assets, from $2.0M in 2014 to $2.5M in 2023, demonstrating financial stability.
- Relatively stable liabilities compared to assets, suggesting good financial management.
Frequently Asked Questions about Caring Unlimited Corp
Is Caring Unlimited Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring Unlimited Corp (EIN: 10358141) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Caring Unlimited Corp spend its money?
Caring Unlimited Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Caring Unlimited Corp tax-deductible?
Caring Unlimited Corp is registered as a tax-exempt nonprofit (EIN: 10358141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Caring Unlimited Corp's spending goes to programs?
Caring Unlimited Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Caring Unlimited Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Caring Unlimited Corp is above average for NTEE category P43Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caring Unlimited Corp located?
Caring Unlimited Corp is headquartered in Sanford, Maine and files with the IRS under EIN 10358141. It is classified under NTEE code P43Z.
How many years of IRS 990 filings does Caring Unlimited Corp have?
Caring Unlimited Corp 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 $2.9M in total revenue.
Is Caring Unlimited Corp a good charity?
Based on the available financial data, Caring Unlimited Corp appears to be a good charity. It demonstrates consistent growth in revenue and assets, maintains a stable financial position, and notably reports 0% officer compensation, indicating a strong commitment to its mission.
How has Caring Unlimited Corp's financial health changed over the last decade?
Over the last decade, Caring Unlimited Corp has shown consistent growth in both revenue and assets. Revenue increased from $1,401,836 in 2014 to $2,835,101 in 2023, and assets grew from $2,037,528 to $2,560,362 in the same period, indicating a positive trend in financial health and operational scale.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This suggests a highly conservative approach to executive pay, potentially relying on volunteer leadership or alternative compensation structures that are not categorized as officer compensation, thereby maximizing funds for programs.
Filing History
IRS 990 filing history for Caring Unlimited Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caring Unlimited Corp's revenue has grown by 76%, moving from $1.6M to $2.8M. Total assets increased by 15% over the same period, from $2.2M to $2.6M. Total functional expenses rose by 75.8%, from $1.6M to $2.8M. In its most recent filing year (2023), Caring Unlimited Corp reported a deficit of $2K, with expenses exceeding revenue. The organization holds $753K in liabilities against $2.6M in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.8M | $2.6M | $753K | — | View 990 |
| 2022 | $2.7M | $2.6M | $2.5M | $688K | — | View 990 |
| 2021 | $2.4M | $2.3M | $2.4M | $688K | — | View 990 |
| 2020 | $2.8M | $1.8M | $2.0M | $446K | — | — |
| 2019 | $1.8M | $1.8M | $1.7M | $1.1M | — | View 990 |
| 2018 | $1.6M | $1.6M | $1.8M | $1.1M | — | View 990 |
| 2017 | $1.6M | $1.6M | $2.0M | $1.3M | — | View 990 |
| 2016 | $1.5M | $1.5M | $1.9M | $1.3M | — | View 990 |
| 2015 | $1.4M | $1.5M | $2.0M | $1.3M | — | View 990 |
| 2014 | $1.4M | $1.4M | $2.0M | $1.3M | — | View 990 |
| 2013 | $1.4M | $1.4M | $2.1M | $1.3M | — | View 990 |
| 2012 | $1.5M | $1.5M | $2.1M | $1.4M | — | View 990 |
| 2011 | $1.6M | $1.6M | $2.2M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $2.6M (revenue +4.9% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.6M, and assets of $2.5M (revenue +13.4% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue -13.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $1.8M, and assets of $2.0M (revenue +54.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $1.7M (revenue +12.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue -1.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $2.0M (revenue +6.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $1.9M (revenue +5.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $2.0M (revenue +2.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $2.0M (revenue +0.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $2.1M (revenue -4.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M (revenue -9.4% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caring Unlimited Corp:
Data Sources and Methodology
This transparency report for Caring Unlimited Corp 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.