Centerlight Healthcare Inc

Centerlight Healthcare Inc. shows recent revenue growth and improved net income after years of significant losses and high liabilities.

EIN: 133600807 · Flushing, NY · NTEE: E210 · Updated: 2026-03-28

$660.2MRevenue

$309.8MAssets

65/100Mission Score (Good)

E210

About Centerlight Healthcare Inc

Centerlight Healthcare Inc (EIN: 133600807) is a nonprofit organization based in Flushing, NY, classified under NTEE code E210. The organization reported total revenue of $660.2M and total assets of $309.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerlight Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Centerlight Healthcare Inc. demonstrates a complex financial picture. While the organization has shown significant revenue growth, particularly from $284.9 million in 2021 to $646.6 million in 2023, it has also experienced periods of substantial net losses, such as in 2016 ($102.7 million loss) and 2015 ($99.9 million loss). More recently, the organization reported a positive net income of approximately $46.4 million in 2023, indicating an improvement in financial stability. However, the consistent reporting of zero officer compensation across all available filings raises questions about the completeness of compensation disclosures, which could impact transparency assessments.

The organization's asset base has grown considerably, from $62.4 million in 2021 to $205.9 million in 2023, reflecting an expansion in its financial resources. Despite this growth, liabilities have often exceeded assets in prior years, indicating a reliance on debt or other obligations. The most recent filing shows liabilities of $239.6 million against assets of $205.9 million, suggesting continued financial leverage. The absence of detailed functional expense breakdowns in the provided data makes it challenging to fully assess spending efficiency across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Centerlight Healthcare Inc with a Mission Score of 65 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Centerlight Healthcare Inc 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.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of Centerlight Healthcare Inc.'s size with over $600 million in revenue. This suggests that executive compensation may be reported under different categories or that key executives are compensated by a related entity, which warrants further investigation for a complete understanding of leadership costs.

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 Centerlight Healthcare Inc's IRS 990 filings:

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and revenue, potentially indicating incomplete compensation transparency.
Historical periods of significant net losses (e.g., $102.7 million in 2016, $99.9 million in 2015) suggest past financial instability.
Liabilities have frequently exceeded assets (e.g., $239.6 million liabilities vs. $205.9 million assets in 2023), indicating a high level of financial leverage or potential solvency concerns.
Lack of detailed functional expense breakdown in the provided data hinders a comprehensive assessment of spending efficiency.

Strengths

The following positive indicators were identified for Centerlight Healthcare Inc:

Significant revenue growth in recent years, from $284.9 million in 2021 to $646.6 million in 2023, demonstrating strong operational expansion.
Return to positive net income of approximately $46.4 million in 2023, indicating improved financial performance and sustainability.
Substantial growth in assets, from $62.4 million in 2021 to $205.9 million in 2023, reflecting an increase in organizational resources.

Frequently Asked Questions about Centerlight Healthcare Inc

Why is officer compensation consistently reported as 0% across all filings, despite the organization's large revenue?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that executive compensation might be paid by a related entity, or reported under different expense categories, which could obscure the true cost of leadership.

What is the breakdown of program, administrative, and fundraising expenses?

The provided data does not include a detailed functional expense breakdown, making it difficult to precisely determine the percentages allocated to programs, administration, and fundraising. This information is crucial for assessing spending efficiency.

How does the organization manage its significant liabilities, which have often exceeded assets?

Centerlight Healthcare Inc. has historically carried substantial liabilities, often surpassing its assets. For instance, in 2023, liabilities were $239.6 million against assets of $205.9 million. Understanding the nature of these liabilities (e.g., long-term debt, program-related obligations) and the organization's strategy for managing them is important for assessing financial risk.

What caused the significant net losses in years like 2016 and 2015, and what measures were taken to return to profitability?

The organization experienced substantial net losses, such as $102.7 million in 2016 and $99.9 million in 2015. Understanding the underlying causes of these losses and the strategic changes implemented to achieve the recent positive net income of $46.4 million in 2023 would provide insight into financial management effectiveness.

Filing History

IRS 990 filing history for Centerlight Healthcare Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Centerlight Healthcare Inc's revenue has grown by 87.2%, moving from $345.4M to $646.6M. Total assets increased by 74.3% over the same period, from $118.1M to $205.9M. Total functional expenses rose by 67.4%, from $358.6M to $600.2M. In its most recent filing year (2023), Centerlight Healthcare Inc reported a surplus of $46.4M, with revenue exceeding expenses. The organization holds $239.6M in liabilities against $205.9M in assets (debt-to-asset ratio: 116.4%), resulting in net assets of $-33,673,025.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$646.6M	$600.2M	$205.9M	$239.6M	—	—
2022	$465.6M	$449.6M	$120.0M	$200.0M	—	View 990
2021	$284.9M	$312.5M	$62.4M	$161.4M	—	View 990
2020	$311.8M	$328.0M	$76.6M	$151.0M	—	View 990
2019	$335.1M	$376.6M	$97.9M	$174.5M	—	View 990
2018	$336.0M	$347.3M	$95.8M	$159.3M	—	View 990
2017	$426.5M	$398.2M	$96.8M	$221.4M	—	View 990
2016	$656.4M	$759.2M	$108.2M	$307.2M	—	View 990
2015	$669.0M	$768.9M	$175.7M	$241.3M	—	View 990
2014	$790.1M	$815.6M	$195.0M	$160.3M	—	View 990
2013	$687.1M	$700.6M	$190.6M	$124.0M	—	View 990
2012	$495.1M	$483.5M	$134.5M	$55.7M	—	View 990
2011	$345.4M	$358.6M	$118.1M	$51.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $646.6M, expenses of $600.2M, and assets of $205.9M (revenue +38.9% year-over-year).
2022: Revenue of $465.6M, expenses of $449.6M, and assets of $120.0M (revenue +63.4% year-over-year).
2021: Revenue of $284.9M, expenses of $312.5M, and assets of $62.4M (revenue -8.6% year-over-year).
2020: Revenue of $311.8M, expenses of $328.0M, and assets of $76.6M (revenue -7.0% year-over-year).
2019: Revenue of $335.1M, expenses of $376.6M, and assets of $97.9M (revenue -0.3% year-over-year).
2018: Revenue of $336.0M, expenses of $347.3M, and assets of $95.8M (revenue -21.2% year-over-year).
2017: Revenue of $426.5M, expenses of $398.2M, and assets of $96.8M (revenue -35.0% year-over-year).
2016: Revenue of $656.4M, expenses of $759.2M, and assets of $108.2M (revenue -1.9% year-over-year).
2015: Revenue of $669.0M, expenses of $768.9M, and assets of $175.7M (revenue -15.3% year-over-year).
2014: Revenue of $790.1M, expenses of $815.6M, and assets of $195.0M (revenue +15.0% year-over-year).
2013: Revenue of $687.1M, expenses of $700.6M, and assets of $190.6M (revenue +38.8% year-over-year).
2012: Revenue of $495.1M, expenses of $483.5M, and assets of $134.5M (revenue +43.3% year-over-year).
2011: Revenue of $345.4M, expenses of $358.6M, and assets of $118.1M.

Data Sources and Methodology

This transparency report for Centerlight Healthcare 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.