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

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Centerlight Healthcare Inc Financial Summary
MetricValue
Total Revenue$660.2M
Total Expenses$600.2M
Program Spending85%
CEO/Top Officer Pay$600
Net Assets$-33,673,025
Transparency Score65/100

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Centerlight Healthcare Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Centerlight Healthcare Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Centerlight Healthcare Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $646.6M and expenses of $600.2M.

Revenue and Expenses

Centerlight Healthcare Inc reported $646.6M in revenue and $600.2M in expenses, a surplus of $46.4M.

Executive Compensation

Top officer compensation appears as $600 in the stored analysis, with context against revenue and expenses below.

Charity Score and Red Flags

65/100 mission score, 4 red flags, and 3 strengths are shown from structured and AI review.

Is Centerlight Healthcare Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
4 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
85%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Centerlight Healthcare Inc Expense Deployment
Program services$510.2M (85%)

Across stored filings, Centerlight Healthcare Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Centerlight Healthcare Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 4 red flags identified
Mission spend85% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Healthy Capital District InitiativeNew York and Health context

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Centerlight Healthcare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

34Years Operating
MajorSize Classification
13Years of Filings
MixedRevenue Trajectory

Centerlight Healthcare Inc is a major nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$646.6M
Total Expenses$600.2M
Surplus / Deficit+$46.4M
Total Assets$205.9M
Total Liabilities$239.6M
Net Assets$-33,673,025
Operating Margin7.2%
Debt-to-Asset Ratio116.4%
Months of Reserves4.1 months

Financial Health Grade: A

In 2023, Centerlight Healthcare Inc reported a surplus of $46.4M with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 116.4% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Centerlight Healthcare Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023+38.9%+33.5%+71.5%
2022+63.4%+43.9%+92.4%
2021-8.6%-4.7%-18.6%
2020-7.0%-12.9%-21.8%
2019-0.3%+8.4%+2.2%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1992

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$646.6MTotal Revenue
$600.2MTotal Expenses
$205.9MTotal Assets
$239.6MTotal Liabilities
$-33,673,025Net Assets
  • The organization reported a surplus of $46.4M, with revenue exceeding expenses.
  • Debt-to-asset ratio: 116.4%.

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

Is Centerlight Healthcare Inc a legitimate charity?

Centerlight Healthcare Inc (EIN: 133600807) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $660.2M. 4 red flags identified. 3 strengths noted. Financial health grade: A.

How does Centerlight Healthcare Inc spend its money?

Centerlight Healthcare Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Centerlight Healthcare Inc tax-deductible?

Centerlight Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 133600807). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How much does the Centerlight Healthcare Inc CEO make?

Centerlight Healthcare Inc's highest-compensated officer earns $600 annually. The organization reported $660.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.

What percentage of Centerlight Healthcare Inc's spending goes to programs?

Centerlight Healthcare Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Centerlight Healthcare Inc compare to similar nonprofits?

With a transparency score of 65/100 (Good), Centerlight Healthcare Inc is above average for NTEE category E210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Centerlight Healthcare Inc located?

Centerlight Healthcare Inc is headquartered in Flushing, New York and files with the IRS under EIN 133600807. It is classified under NTEE code E210.

How many years of IRS 990 filings does Centerlight Healthcare Inc have?

Centerlight Healthcare 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 $660.2M in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer 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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Centerlight Healthcare Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

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.

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