Cvs Health Charity Classic Inc
EIN: 50508742 · Woonsocket, RI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $300 |
| Total Expenses | $908K |
| Net Assets | $25 |
Is Cvs Health Charity Classic Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cvs Health Charity Classic Inc
Cvs Health Charity Classic Inc (EIN: 50508742) is a nonprofit organization based in Woonsocket, RI, classified under NTEE code T20. The organization reported total revenue of $300 and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cvs Health Charity Classic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cvs Health Charity Classic Inc is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -52.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300 |
| Total Expenses | $908K |
| Surplus / Deficit | $-908,161 |
| Total Assets | $100K |
| Total Liabilities | $100K |
| Net Assets | $25 |
| Operating Margin | -302720.3% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Cvs Health Charity Classic Inc reported a deficit of $908K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cvs Health Charity Classic Inc's revenue has declined at a compound annual growth rate (CAGR) of -52.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.6% | +166.0% | -90.2% |
| 2022 | -99.6% | -79.0% | -36.3% |
| 2021 | -23.7% | +8.4% | -4.7% |
| 2020 | +88.9% | +50.0% | +99.2% |
| 2019 | +59.1% | +13.1% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cvs Health Charity Classic Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cvs Health Charity Classic Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $908K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Cvs Health Charity Classic Inc
Is Cvs Health Charity Classic Inc a legitimate charity?
Cvs Health Charity Classic Inc (EIN: 50508742) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $300. No red flags identified. Financial health grade: D.
How does Cvs Health Charity Classic Inc spend its money?
Cvs Health Charity Classic Inc reported $300 in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cvs Health Charity Classic Inc tax-deductible?
Cvs Health Charity Classic Inc is registered as a tax-exempt nonprofit (EIN: 50508742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cvs Health Charity Classic Inc located?
Cvs Health Charity Classic Inc is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 50508742. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cvs Health Charity Classic Inc have?
Cvs Health Charity Classic 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 $300 in total revenue.
Filing History
IRS 990 filing history for Cvs Health Charity Classic Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cvs Health Charity Classic Inc's revenue has declined by 100%, moving from $2.2M to $300. Total assets decreased by 92.8% over the same period, from $1.4M to $100K. Total functional expenses fell by 60.5%, from $2.3M to $908K. In its most recent filing year (2023), Cvs Health Charity Classic Inc reported a deficit of $908K, with expenses exceeding revenue. The organization holds $100K in liabilities against $100K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $25.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300 | $908K | $100K | $100K | — | View 990 |
| 2022 | $7K | $342K | $1.0M | $136K | — | View 990 |
| 2021 | $1.6M | $1.6M | $1.6M | $407K | — | View 990 |
| 2020 | $2.1M | $1.5M | $1.7M | $462K | — | View 990 |
| 2019 | $1.1M | $1.0M | $843K | $244K | — | View 990 |
| 2018 | $705K | $886K | $755K | $277K | — | View 990 |
| 2017 | $537K | $1.0M | $818K | $159K | — | View 990 |
| 2016 | $1.0M | $1.3M | $1.2M | $195K | — | View 990 |
| 2015 | $1.2M | $1.6M | $1.6M | $516K | — | View 990 |
| 2014 | $2.1M | $1.9M | $1.6M | $245K | — | View 990 |
| 2013 | $2.0M | $1.9M | $1.5M | $277K | — | View 990 |
| 2012 | $2.1M | $2.3M | $1.2M | $115K | — | View 990 |
| 2011 | $2.2M | $2.3M | $1.4M | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300, expenses of $908K, and assets of $100K (revenue -95.6% year-over-year).
- 2022: Revenue of $7K, expenses of $342K, and assets of $1.0M (revenue -99.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -23.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.5M, and assets of $1.7M (revenue +88.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $843K (revenue +59.1% year-over-year).
- 2018: Revenue of $705K, expenses of $886K, and assets of $755K (revenue +31.4% year-over-year).
- 2017: Revenue of $537K, expenses of $1.0M, and assets of $818K (revenue -46.8% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.3M, and assets of $1.2M (revenue -17.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.6M, and assets of $1.6M (revenue -40.9% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $1.6M (revenue +2.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $1.5M (revenue -1.8% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.3M, and assets of $1.2M (revenue -5.4% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.3M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cvs Health Charity Classic Inc:
Data Sources and Methodology
This transparency report for Cvs Health Charity Classic 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.