Caringhouse Projects Incorporated
Caringhouse Projects: Strong Program Spending, but Transparency Lacking
EIN: 222464198 · Atlantic City, NJ · Updated: 2026-04-04
About Caringhouse Projects Incorporated
Caringhouse Projects Incorporated (EIN: 222464198) is a nonprofit organization based in Atlantic City, NJ. The organization reported total revenue of $63.0M and total assets of $56.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caringhouse Projects Incorporated'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 Caringhouse Projects 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: 5%
- programs: 91%
- fundraising: 4%
According to IRS 990 filings, Caringhouse Projects Incorporated allocates its expenses as follows: admin: 5%, programs: 91%, fundraising: 4%. With 91% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further filings.
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 Caringhouse Projects Incorporated's IRS 990 filings:
- Lack of readily available detailed financial reports and impact assessments on their website.
- Limited transparency regarding executive compensation and specific program details.
- The 'other expenses' category in filings is substantial and lacks detailed breakdown.
Strengths
The following positive indicators were identified for Caringhouse Projects Incorporated:
- Consistently high percentage of expenses dedicated to programs (e.g., 91% in 2023).
- Significant growth in revenue and assets over the past several years, indicating strong financial health.
- Low administrative and fundraising overhead, suggesting efficient operations.
Frequently Asked Questions about Caringhouse Projects Incorporated
What does Caringhouse Projects Incorporated do?
Caringhouse Projects Incorporated is a nonprofit organization in the Unknown sector, located in Atlantic City, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Caringhouse Projects Incorporated have?
Caringhouse Projects Incorporated reported total revenue of $63,038,033. Based on 13 IRS 990 filings on record.
What are Caringhouse Projects Incorporated's total assets?
Caringhouse Projects Incorporated holds total assets of $56,317,375 as reported in IRS 990 filings.
Where is Caringhouse Projects Incorporated located?
Caringhouse Projects Incorporated is based in Atlantic City, New Jersey.
What is Caringhouse Projects Incorporated's EIN?
Caringhouse Projects Incorporated's Employer Identification Number (EIN) is 222464198. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Caringhouse Projects Incorporated?
Caringhouse Projects Incorporated is classified under NTEE code Unknown (Unknown).
Is Caringhouse Projects Incorporated a registered 501(c)(3)?
Caringhouse Projects Incorporated appears in IRS records (EIN: 222464198). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Caringhouse Projects Incorporated file IRS Form 990?
Yes, Caringhouse Projects Incorporated has 13 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Caringhouse Projects Incorporated's revenue in 2023?
In the 202303 filing period, Caringhouse Projects Incorporated reported total revenue of $48,059,034, total expenses of $43,672,948, and net assets of $40,639,794.
Is Caringhouse Projects Incorporated's revenue growing or declining?
Caringhouse Projects Incorporated's revenue is relatively stable. Revenue went from $47,839,367 (202203) to $48,059,034 (202303), a +0.5% change. Based on 13 filings on record.
What is Caringhouse Projects Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Caringhouse Projects Incorporated covers tax period 202303. It shows revenue of $48,059,034, expenses of $43,672,948, total assets of $40,639,794, and liabilities of $3,087,805.
How much does Caringhouse Projects Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Caringhouse Projects Incorporated allocates approximately 91% of expenses to program services, 5% to administrative costs, and 4% to fundraising. This indicates strong program focus.
Is Caringhouse Projects Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Caringhouse Projects Incorporated appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Caringhouse Projects Incorporated?
The following concerns were identified: Lack of readily available detailed financial reports and impact assessments on their website.. Limited transparency regarding executive compensation and specific program details.. The 'other expenses' category in filings is substantial and lacks detailed breakdown.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Caringhouse Projects Incorporated's strengths?
Positive indicators for Caringhouse Projects Incorporated include: Consistently high percentage of expenses dedicated to programs (e.g., 91% in 2023).. Significant growth in revenue and assets over the past several years, indicating strong financial health.. Low administrative and fundraising overhead, suggesting efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Caringhouse Projects Incorporated compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a direct assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial revenue and asset growth, what specific new programs or expansions have been implemented to justify this scale?
While the financial data shows significant growth, the available information does not detail specific program expansions or new initiatives that directly correlate with this financial scale. Further program-specific reporting would be beneficial.
How does Caringhouse Projects ensure its programs are effectively reaching its target beneficiaries in Atlantic City, NJ, and what metrics are used to measure this impact?
The provided data does not include information on program effectiveness metrics or how the organization tracks its reach and impact within the Atlantic City community. This information would be crucial for a comprehensive understanding of their mission fulfillment.
Filing History
IRS 990 filing history for Caringhouse Projects Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Caringhouse Projects Incorporated's revenue has grown by 381%, moving from $10.0M to $48.1M. Total assets increased by 1626.7% over the same period, from $2.4M to $40.6M. Total functional expenses rose by 336.7%, from $10.0M to $43.7M. In its most recent filing year (2023), Caringhouse Projects Incorporated reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $40.6M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $37.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $48.1M | $43.7M | $40.6M | $3.1M | — | View 990 |
| 2022 | $47.8M | $38.2M | $35.7M | $2.5M | — | View 990 |
| 2021 | $45.9M | $34.8M | $25.9M | $2.3M | — | View 990 |
| 2020 | $35.6M | $30.7M | $14.4M | $2.0M | — | View 990 |
| 2019 | $33.0M | $28.7M | $10.6M | $3.0M | — | View 990 |
| 2018 | $28.0M | $27.2M | $6.9M | $3.3M | — | View 990 |
| 2017 | $27.5M | $27.7M | $6.7M | $3.8M | — | View 990 |
| 2016 | $25.2M | $24.8M | $6.4M | $3.4M | — | View 990 |
| 2015 | $23.7M | $22.9M | $6.6M | $4.1M | — | View 990 |
| 2014 | $19.0M | $18.4M | $5.6M | $3.8M | — | View 990 |
| 2013 | $15.8M | $15.6M | $2.7M | $1.6M | — | View 990 |
| 2012 | $11.4M | $11.6M | $2.0M | $1.0M | — | View 990 |
| 2011 | $10.0M | $10.0M | $2.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.1M, expenses of $43.7M, and assets of $40.6M (revenue +0.5% year-over-year).
- 2022: Revenue of $47.8M, expenses of $38.2M, and assets of $35.7M (revenue +4.1% year-over-year).
- 2021: Revenue of $45.9M, expenses of $34.8M, and assets of $25.9M (revenue +29.0% year-over-year).
- 2020: Revenue of $35.6M, expenses of $30.7M, and assets of $14.4M (revenue +8.0% year-over-year).
- 2019: Revenue of $33.0M, expenses of $28.7M, and assets of $10.6M (revenue +17.7% year-over-year).
- 2018: Revenue of $28.0M, expenses of $27.2M, and assets of $6.9M (revenue +1.8% year-over-year).
- 2017: Revenue of $27.5M, expenses of $27.7M, and assets of $6.7M (revenue +9.0% year-over-year).
- 2016: Revenue of $25.2M, expenses of $24.8M, and assets of $6.4M (revenue +6.5% year-over-year).
- 2015: Revenue of $23.7M, expenses of $22.9M, and assets of $6.6M (revenue +24.3% year-over-year).
- 2014: Revenue of $19.0M, expenses of $18.4M, and assets of $5.6M (revenue +20.8% year-over-year).
- 2013: Revenue of $15.8M, expenses of $15.6M, and assets of $2.7M (revenue +37.9% year-over-year).
- 2012: Revenue of $11.4M, expenses of $11.6M, and assets of $2.0M (revenue +14.4% year-over-year).
- 2011: Revenue of $10.0M, expenses of $10.0M, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Caringhouse Projects 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.