Cvs Health Employee Relief Fund
EIN: 274380115 · Woonsocket, RI · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $453K |
| Net Assets | $1.0M |
Is Cvs Health Employee Relief Fund 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 Employee Relief Fund
Cvs Health Employee Relief Fund (EIN: 274380115) is a nonprofit organization based in Woonsocket, RI, classified under NTEE code P60. The organization reported total revenue of $1.2M and total assets of $611K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cvs Health Employee Relief Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cvs Health Employee Relief Fund is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $711K |
| Total Expenses | $453K |
| Surplus / Deficit | +$258K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 36.2% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, Cvs Health Employee Relief Fund reported a surplus of $258K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Cvs Health Employee Relief Fund's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.3% | -83.6% | +25.8% |
| 2022 | +68.4% | +1698.9% | -59.5% |
| 2021 | -69.0% | -94.3% | +55.1% |
| 2020 | +454.3% | +813.6% | +24.7% |
| 2019 | +1.5% | -48.6% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cvs Health Employee Relief Fund 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 Employee Relief Fund 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 surplus of $258K, with revenue exceeding expenses.
Frequently Asked Questions about Cvs Health Employee Relief Fund
Is Cvs Health Employee Relief Fund a legitimate charity?
Cvs Health Employee Relief Fund (EIN: 274380115) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Cvs Health Employee Relief Fund spend its money?
Cvs Health Employee Relief Fund reported $1.2M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cvs Health Employee Relief Fund tax-deductible?
Cvs Health Employee Relief Fund is registered as a tax-exempt nonprofit (EIN: 274380115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cvs Health Employee Relief Fund located?
Cvs Health Employee Relief Fund is headquartered in Woonsocket, Rhode Island and files with the IRS under EIN 274380115. It is classified under NTEE code P60.
How many years of IRS 990 filings does Cvs Health Employee Relief Fund have?
Cvs Health Employee Relief Fund 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Cvs Health Employee Relief Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cvs Health Employee Relief Fund's revenue has grown by 411.8%, moving from $139K to $711K. Total assets increased by 166% over the same period, from $391K to $1.0M. Total functional expenses rose by 753.9%, from $53K to $453K. In its most recent filing year (2023), Cvs Health Employee Relief Fund reported a surplus of $258K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $711K | $453K | $1.0M | $0 | — | — |
| 2022 | $1.5M | $2.8M | $827K | $45K | — | View 990 |
| 2021 | $904K | $154K | $2.0M | $11K | — | View 990 |
| 2020 | $2.9M | $2.7M | $1.3M | $35K | — | View 990 |
| 2019 | $525K | $294K | $1.1M | $321 | — | View 990 |
| 2018 | $517K | $572K | $825K | $901 | — | View 990 |
| 2017 | $1.0M | $721K | $880K | $600 | — | View 990 |
| 2016 | $325K | $299K | $554K | $196 | — | View 990 |
| 2015 | $312K | $222K | $523K | $486 | — | View 990 |
| 2014 | $321K | $262K | $436K | $4K | — | View 990 |
| 2013 | $327K | $370K | $376K | $3K | — | View 990 |
| 2012 | $339K | $303K | $419K | $4K | — | View 990 |
| 2011 | $139K | $53K | $391K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $711K, expenses of $453K, and assets of $1.0M (revenue -53.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $2.8M, and assets of $827K (revenue +68.4% year-over-year).
- 2021: Revenue of $904K, expenses of $154K, and assets of $2.0M (revenue -69.0% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.7M, and assets of $1.3M (revenue +454.3% year-over-year).
- 2019: Revenue of $525K, expenses of $294K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2018: Revenue of $517K, expenses of $572K, and assets of $825K (revenue -50.6% year-over-year).
- 2017: Revenue of $1.0M, expenses of $721K, and assets of $880K (revenue +221.7% year-over-year).
- 2016: Revenue of $325K, expenses of $299K, and assets of $554K (revenue +4.1% year-over-year).
- 2015: Revenue of $312K, expenses of $222K, and assets of $523K (revenue -2.7% year-over-year).
- 2014: Revenue of $321K, expenses of $262K, and assets of $436K (revenue -1.9% year-over-year).
- 2013: Revenue of $327K, expenses of $370K, and assets of $376K (revenue -3.5% year-over-year).
- 2012: Revenue of $339K, expenses of $303K, and assets of $419K (revenue +144.2% year-over-year).
- 2011: Revenue of $139K, expenses of $53K, and assets of $391K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cvs Health Employee Relief Fund:
Data Sources and Methodology
This transparency report for Cvs Health Employee Relief Fund 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.