Discovery Home Care Inc
Discovery Home Care Inc. shows significant revenue growth but carries substantial liabilities exceeding assets.
EIN: 20762132 · Mount Holly, NC · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $566K |
| Total Expenses | $558K |
| Program Spending | 80% |
| Net Assets | $-27,588 |
| Transparency Score | 60/100 |
Is Discovery Home Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Discovery Home Care Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Discovery Home Care Inc
Discovery Home Care Inc (EIN: 20762132) is a nonprofit organization based in Mount Holly, NC, classified under NTEE code P30. The organization reported total revenue of $566K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discovery Home Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Discovery Home Care Inc is a small nonprofit that has been operating for 18 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 52.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $566K |
| Total Expenses | $558K |
| Surplus / Deficit | +$8K |
| Total Assets | $25K |
| Total Liabilities | $53K |
| Net Assets | $-27,588 |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 210.2% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2015, Discovery Home Care Inc reported a surplus of $8K with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 210.2% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Discovery Home Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 52.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +147.6% | +211.2% | -45.2% |
| 2014 | +70.8% | +32.1% | +306.0% |
| 2013 | +4.7% | +8.5% | +36.5% |
| 2012 | +20.9% | +25.9% | +76.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Discovery Home Care Inc with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Discovery Home Care Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 210.2%.
Executive Compensation Analysis
No officer compensation has been reported across all five filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is positive for minimizing overhead related to executive pay.
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 Discovery Home Care Inc's IRS 990 filings:
- Liabilities significantly exceed assets ($52,632 vs. $25,044 in 2015)
- Persistent negative net asset position across all filing periods
Strengths
The following positive indicators were identified for Discovery Home Care Inc:
- Strong revenue growth from $105,661 in 2011 to $565,974 in 2015
- No reported officer compensation, suggesting efficient use of funds for leadership
- Consistent positive net income (revenue exceeding expenses) in most years
Frequently Asked Questions about Discovery Home Care Inc
Is Discovery Home Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Discovery Home Care Inc (EIN: 20762132) some concerns. Mission Score: 60/100. 2 red flags identified, 3 strengths noted.
How does Discovery Home Care Inc spend its money?
Discovery Home Care Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Discovery Home Care Inc tax-deductible?
Discovery Home Care Inc is registered as a tax-exempt nonprofit (EIN: 20762132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Discovery Home Care Inc's spending goes to programs?
Discovery Home Care Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Discovery Home Care Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Discovery Home Care Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Discovery Home Care Inc located?
Discovery Home Care Inc is headquartered in Mount Holly, North Carolina and files with the IRS under EIN 20762132. It is classified under NTEE code P30.
How many years of IRS 990 filings does Discovery Home Care Inc have?
Discovery Home Care Inc has 5 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 $566K in total revenue.
Is Discovery Home Care Inc. financially stable given its liabilities?
The organization's liabilities of $52,632 significantly exceed its assets of $25,044 in the latest filing, indicating a concerning financial position and potential long-term stability issues despite revenue growth.
How has Discovery Home Care Inc.'s revenue grown over time?
Discovery Home Care Inc. has experienced substantial revenue growth, increasing from $105,661 in 2011 to $565,974 in 2015, a nearly five-fold increase.
What is the trend in net assets for Discovery Home Care Inc.?
While the organization has shown positive net income in most years, its liabilities have consistently exceeded assets across all reported periods, indicating a persistent negative net asset position.
Filing History
IRS 990 filing history for Discovery Home Care Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Discovery Home Care Inc's revenue has grown by 435.7%, moving from $106K to $566K. Total assets increased by 437.4% over the same period, from $5K to $25K. Total functional expenses rose by 461.5%, from $99K to $558K. In its most recent filing year (2015), Discovery Home Care Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $53K in liabilities against $25K in assets (debt-to-asset ratio: 210.2%), resulting in net assets of $-27,588.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $566K | $558K | $25K | $53K | — | View 990 |
| 2014 | $229K | $179K | $46K | $50K | — | View 990 |
| 2013 | $134K | $136K | $11K | $50K | — | View 990 |
| 2012 | $128K | $125K | $8K | $45K | — | View 990 |
| 2011 | $106K | $99K | $5K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $566K, expenses of $558K, and assets of $25K (revenue +147.6% year-over-year).
- 2014: Revenue of $229K, expenses of $179K, and assets of $46K (revenue +70.8% year-over-year).
- 2013: Revenue of $134K, expenses of $136K, and assets of $11K (revenue +4.7% year-over-year).
- 2012: Revenue of $128K, expenses of $125K, and assets of $8K (revenue +20.9% year-over-year).
- 2011: Revenue of $106K, expenses of $99K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Discovery Home Care Inc:
Data Sources and Methodology
This transparency report for Discovery Home 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.