Enriched Adult Day Care Inc
Enriched Adult Day Care Inc shows strong revenue and asset growth with no reported officer compensation.
EIN: 10921556 · Brockton, MA · NTEE: P70 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $647K |
| Program Spending | 85% |
| Net Assets | $257K |
| Transparency Score | 85/100 |
Is Enriched Adult Day Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Enriched Adult Day Care Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Enriched Adult Day Care Inc
Enriched Adult Day Care Inc (EIN: 10921556) is a nonprofit organization based in Brockton, MA, classified under NTEE code P70. The organization reported total revenue of $1.0M and total assets of $608K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Enriched Adult Day Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Enriched Adult Day Care Inc is a mid-size nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2016–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $832K |
| Total Expenses | $647K |
| Surplus / Deficit | +$185K |
| Total Assets | $372K |
| Total Liabilities | $115K |
| Net Assets | $257K |
| Operating Margin | 22.2% |
| Debt-to-Asset Ratio | 31.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Enriched Adult Day Care Inc reported a surplus of $185K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 31.0% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | -13.7% | +81.3% |
| 2022 | +53.6% | +37.9% | +74.7% |
| 2021 | +52.0% | +56.1% | +75.0% |
| 2020 | -14.5% | -9.0% | +1579.5% |
| 2019 | +186.1% | +386.1% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Enriched Adult Day Care Inc with a Mission Score of 85 out of 100 (Excellent). 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, Enriched Adult Day Care 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:
- The organization reported a surplus of $185K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.0%.
Executive Compensation Analysis
Enriched Adult Day Care Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led executive structure or that compensation is reported under other categories not specified as 'officer compensation'.
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 Enriched Adult Day Care Inc's IRS 990 filings:
- Lack of detailed expense breakdown in public filings makes precise spending efficiency analysis difficult.
- Unusually consistent 0% officer compensation for an organization with over $1M in revenue could warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Enriched Adult Day Care Inc:
- Strong and consistent revenue growth, from $137,372 in 2018 to over $1 million currently.
- Significant asset growth, from negative assets in 2018 to $608,267, indicating robust financial health.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to program spending.
- Healthy surplus generation, as seen in 2023 with revenue of $831,937 and expenses of $647,037.
Frequently Asked Questions about Enriched Adult Day Care Inc
Is Enriched Adult Day Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Enriched Adult Day Care Inc (EIN: 10921556) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Enriched Adult Day Care Inc spend its money?
Enriched Adult Day Care Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Enriched Adult Day Care Inc tax-deductible?
Enriched Adult Day Care Inc is registered as a tax-exempt nonprofit (EIN: 10921556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Enriched Adult Day Care Inc's spending goes to programs?
Enriched Adult Day Care Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Enriched Adult Day Care Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Enriched Adult Day Care Inc is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Enriched Adult Day Care Inc located?
Enriched Adult Day Care Inc is headquartered in Brockton, Massachusetts and files with the IRS under EIN 10921556. It is classified under NTEE code P70.
How many years of IRS 990 filings does Enriched Adult Day Care Inc have?
Enriched Adult Day Care Inc has 7 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 $1.0M in total revenue.
Is Enriched Adult Day Care Inc a good charity?
Based on its consistent revenue growth, increasing assets, and 0% reported officer compensation, Enriched Adult Day Care Inc appears to be a financially healthy and mission-focused organization. The lack of officer compensation is a significant positive indicator of resources being directed to its mission.
How has the organization's financial health changed over time?
The organization has shown remarkable financial improvement, growing from negative assets in 2018 ($-17,830) to $608,267 in assets currently, and revenue increasing from $137,372 in 2018 to over $1 million recently. This indicates strong financial management and growth.
What is the significance of 0% officer compensation?
0% officer compensation means that no salaries or other compensation are reported for the organization's officers. This can indicate a volunteer-led executive team, or that executive compensation is categorized differently in their filings. It generally suggests a high dedication to directing funds towards program services.
Are there any concerns regarding the organization's liabilities?
While liabilities have fluctuated, they have generally remained manageable relative to assets. For example, in 2023, liabilities were $115,101 against assets of $371,849, indicating a healthy financial position where assets significantly exceed liabilities.
Filing History
IRS 990 filing history for Enriched Adult Day Care Inc showing financial trends over 7 years of public records:
Total assets increased by 37184800% over the same period, from $1 to $372K. In its most recent filing year (2023), Enriched Adult Day Care Inc reported a surplus of $185K, with revenue exceeding expenses. The organization holds $115K in liabilities against $372K in assets (debt-to-asset ratio: 31.0%), resulting in net assets of $257K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $832K | $647K | $372K | $115K | — | — |
| 2022 | $784K | $750K | $205K | $133K | — | View 990 |
| 2021 | $510K | $544K | $117K | $141K | — | View 990 |
| 2020 | $336K | $348K | $67K | $71K | — | View 990 |
| 2019 | $393K | $382K | $4K | $0 | — | — |
| 2018 | $137K | $79K | $-17,830 | $0 | — | View 990 |
| 2016 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $832K, expenses of $647K, and assets of $372K (revenue +6.2% year-over-year).
- 2022: Revenue of $784K, expenses of $750K, and assets of $205K (revenue +53.6% year-over-year).
- 2021: Revenue of $510K, expenses of $544K, and assets of $117K (revenue +52.0% year-over-year).
- 2020: Revenue of $336K, expenses of $348K, and assets of $67K (revenue -14.5% year-over-year).
- 2019: Revenue of $393K, expenses of $382K, and assets of $4K (revenue +186.1% year-over-year).
- 2018: Revenue of $137K, expenses of $79K, and assets of $-17,830.
- 2016: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Enriched Adult Day Care Inc:
Data Sources and Methodology
This transparency report for Enriched Adult Day 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.