Carpet America Recovery Effort Care Inc
Carpet America Recovery Effort Care Inc consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 20639766 · Dalton, GA · NTEE: C34 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $397K |
| Transparency Score | 85/100 |
Is Carpet America Recovery Effort Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carpet America Recovery Effort Care Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carpet America Recovery Effort Care Inc
Carpet America Recovery Effort Care Inc (EIN: 20639766) is a nonprofit organization based in Dalton, GA, classified under NTEE code C34. The organization reported total revenue of $3.3M and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpet America Recovery Effort Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpet America Recovery Effort Care Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-136,080 |
| Total Assets | $510K |
| Total Liabilities | $113K |
| Net Assets | $397K |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, Carpet America Recovery Effort Care Inc reported a deficit of $136K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carpet America Recovery Effort Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +20.8% | -31.8% |
| 2022 | -51.1% | -3.0% | +1.8% |
| 2021 | +78.5% | -43.6% | +33.2% |
| 2020 | +22.3% | +82.7% | +34.2% |
| 2019 | +12.7% | +9.1% | -27.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Carpet America Recovery Effort Care 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, Carpet America Recovery Effort Care 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 $136K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with revenues exceeding $1 million annually.
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 Carpet America Recovery Effort Care Inc's IRS 990 filings:
- Operating deficits in 2022 and 2023 (Expenses exceeded Revenue)
- Significant decrease in assets from $746,940 in 2022 to $509,784 in 2023
Strengths
The following positive indicators were identified for Carpet America Recovery Effort Care Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency
- Strong program focus aligned with NTEE code C34
- History of consistent IRS 990 filings, demonstrating transparency
- Effective reduction of liabilities from a high in 2020 to $112,595 in 2023
Frequently Asked Questions about Carpet America Recovery Effort Care Inc
Is Carpet America Recovery Effort Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carpet America Recovery Effort Care Inc (EIN: 20639766) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Carpet America Recovery Effort Care Inc spend its money?
Carpet America Recovery Effort Care Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carpet America Recovery Effort Care Inc tax-deductible?
Carpet America Recovery Effort Care Inc is registered as a tax-exempt nonprofit (EIN: 20639766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carpet America Recovery Effort Care Inc CEO make?
Carpet America Recovery Effort Care Inc's highest-compensated officer earns $1 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carpet America Recovery Effort Care Inc's spending goes to programs?
Carpet America Recovery Effort Care Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carpet America Recovery Effort Care Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carpet America Recovery Effort Care Inc is above average for NTEE category C34 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carpet America Recovery Effort Care Inc located?
Carpet America Recovery Effort Care Inc is headquartered in Dalton, Georgia and files with the IRS under EIN 20639766. It is classified under NTEE code C34.
How many years of IRS 990 filings does Carpet America Recovery Effort Care Inc have?
Carpet America Recovery Effort Care Inc 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 $3.3M in total revenue.
Is Carpet America Recovery Effort Care Inc a good charity?
Based on the available data, CARE appears to be a good charity. Its consistent reporting of 0% officer compensation is a strong indicator of efficient resource allocation towards its mission. While revenues and expenses fluctuate, the organization has demonstrated an ability to manage its finances and reduce liabilities.
How has CARE's financial health changed over the last few years?
CARE's financial health has seen fluctuations. After a strong surplus in 2021 (Revenue $2.85M, Expenses $1.5M), the organization experienced operating deficits in 2022 (Revenue $1.39M, Expenses $1.45M) and 2023 (Revenue $1.62M, Expenses $1.75M). Assets have also decreased from $746,940 in 2022 to $509,784 in 2023, though liabilities have been significantly reduced from a high in 2020.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It means that the organization's leadership is not drawing salaries from the nonprofit, which can indicate a strong commitment to directing all available funds towards program services and operational costs, rather than executive pay. This is a rare and positive financial indicator.
Filing History
IRS 990 filing history for Carpet America Recovery Effort Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carpet America Recovery Effort Care Inc's revenue has grown by 86.2%, moving from $870K to $1.6M. Total assets decreased by 82.8% over the same period, from $3.0M to $510K. Total functional expenses rose by 135.4%, from $746K to $1.8M. In its most recent filing year (2023), Carpet America Recovery Effort Care Inc reported a deficit of $136K, with expenses exceeding revenue. The organization holds $113K in liabilities against $510K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $397K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.8M | $510K | $113K | — | — |
| 2022 | $1.4M | $1.5M | $747K | $214K | — | View 990 |
| 2021 | $2.9M | $1.5M | $734K | $114K | — | View 990 |
| 2020 | $1.6M | $2.7M | $551K | $1.3M | — | View 990 |
| 2019 | $1.3M | $1.5M | $411K | $81K | — | View 990 |
| 2018 | $1.2M | $1.3M | $568K | $89K | — | View 990 |
| 2017 | $1.1M | $1.1M | $729K | $74K | — | View 990 |
| 2016 | $1.1M | $934K | $767K | $88K | — | View 990 |
| 2015 | $831K | $733K | $1.0M | $475K | — | View 990 |
| 2014 | $670K | $686K | $466K | $16K | — | View 990 |
| 2013 | $604K | $559K | $540K | $74K | — | View 990 |
| 2012 | $468K | $388K | $466K | $45K | — | View 990 |
| 2011 | $870K | $746K | $3.0M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.8M, and assets of $510K (revenue +16.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $747K (revenue -51.1% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.5M, and assets of $734K (revenue +78.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.7M, and assets of $551K (revenue +22.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $411K (revenue +12.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $568K (revenue +7.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $729K (revenue +1.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $934K, and assets of $767K (revenue +28.1% year-over-year).
- 2015: Revenue of $831K, expenses of $733K, and assets of $1.0M (revenue +24.2% year-over-year).
- 2014: Revenue of $670K, expenses of $686K, and assets of $466K (revenue +10.8% year-over-year).
- 2013: Revenue of $604K, expenses of $559K, and assets of $540K (revenue +29.0% year-over-year).
- 2012: Revenue of $468K, expenses of $388K, and assets of $466K (revenue -46.2% year-over-year).
- 2011: Revenue of $870K, expenses of $746K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpet America Recovery Effort Care Inc:
Data Sources and Methodology
This transparency report for Carpet America Recovery Effort Care 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.