Greatcare Inc
Greatcare Inc. shows rapid growth and consistent high program spending with no reported officer compensation.
EIN: 202310333 · New York, NY · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54.7M |
| Total Expenses | $52.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $2.5M |
| Transparency Score | 85/100 |
Is Greatcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greatcare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greatcare Inc
Greatcare Inc (EIN: 202310333) is a nonprofit organization based in New York, NY, classified under NTEE code P80. The organization reported total revenue of $54.7M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greatcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greatcare Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 104.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52.7M |
| Total Expenses | $52.7M |
| Surplus / Deficit | +$52K |
| Total Assets | $4.4M |
| Total Liabilities | $1.9M |
| Net Assets | $2.5M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 42.3% |
| Months of Reserves | 1.0 months |
Financial Health Grade: A
In 2023, Greatcare Inc reported a surplus of $52K with revenue exceeding expenses, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 42.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greatcare Inc's revenue has grown at a compound annual growth rate (CAGR) of 104.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | +9.0% | -17.9% |
| 2022 | +12.4% | +18.2% | +24.8% |
| 2021 | +10.1% | +4.7% | -0.8% |
| 2020 | +40720.5% | — | +15.0% |
| 2019 | +116.6% | — | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Greatcare 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, Greatcare 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.3%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 IRS 990 filings, which is unusual for an organization of Greatcare Inc.'s size with over $50 million in annual revenue. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the expense structure, warranting further clarification for full transparency.
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 Greatcare Inc's IRS 990 filings:
- No officer compensation reported across all filings, despite significant organizational growth and revenue.
- Periods of extremely low revenue and zero expenses in earlier filings (e.g., 2017-2019) without clear explanation for the operational shift.
Strengths
The following positive indicators were identified for Greatcare Inc:
- Consistent growth in revenue and program scale over recent years.
- Expenses closely track revenue, indicating efficient use of funds and strong financial management.
- Healthy asset growth, providing a solid financial foundation.
- Strong program focus, as implied by the NTEE code and high expense ratios relative to revenue.
Frequently Asked Questions about Greatcare Inc
Is Greatcare Inc a legitimate charity?
Greatcare Inc (EIN: 202310333) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $54.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Greatcare Inc spend its money?
Greatcare Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greatcare Inc tax-deductible?
Greatcare Inc is registered as a tax-exempt nonprofit (EIN: 202310333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greatcare Inc CEO make?
Greatcare Inc's highest-compensated officer earns $50 annually. The organization reported $54.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greatcare Inc's spending goes to programs?
Greatcare Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greatcare Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Greatcare Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greatcare Inc located?
Greatcare Inc is headquartered in New York, New York and files with the IRS under EIN 202310333. It is classified under NTEE code P80.
How many years of IRS 990 filings does Greatcare Inc have?
Greatcare 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 $54.7M in total revenue.
How does Greatcare Inc. manage to operate with no reported officer compensation, given its scale?
The IRS 990 filings consistently report 0% officer compensation. This could mean executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, which would require deeper investigation into their financial statements for clarity.
What caused the dramatic increase in revenue and expenses between 2019 and 2020?
Revenue jumped from $95,878 in 2019 to $39,137,836 in 2020, and expenses similarly scaled. This indicates a significant expansion of operations, possibly due to new funding sources, mergers, or a substantial increase in program activities.
Is Greatcare Inc. financially stable?
Yes, Greatcare Inc. appears financially stable. In 2023, revenue ($52,723,877) slightly exceeded expenses ($52,671,407), and assets have grown to $7,498,033, indicating a healthy financial position and responsible management of funds.
What is the organization's primary focus based on its NTEE code?
The NTEE code P80 indicates that Greatcare Inc.'s primary focus is on Housing and Shelter, suggesting direct services related to providing housing assistance or shelter to those in need.
Filing History
IRS 990 filing history for Greatcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greatcare Inc's revenue has grown by 528407.2%, moving from $10K to $52.7M. Total assets increased by 1224.7% over the same period, from $331K to $4.4M. In its most recent filing year (2023), Greatcare Inc reported a surplus of $52K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $4.4M in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52.7M | $52.7M | $4.4M | $1.9M | — | — |
| 2022 | $48.4M | $48.3M | $5.3M | $2.9M | — | View 990 |
| 2021 | $43.1M | $40.9M | $4.3M | $1.9M | — | View 990 |
| 2020 | $39.1M | $39.1M | $4.3M | $4.1M | — | View 990 |
| 2019 | $96K | $0 | $3.8M | $3.6M | — | View 990 |
| 2018 | $44K | $0 | $3.6M | $3.6M | — | View 990 |
| 2017 | $11K | $0 | $2.3M | $2.3M | — | — |
| 2016 | $0 | $70 | $938K | $956K | — | View 990 |
| 2015 | $0 | $20K | $1.1M | $1.1M | — | View 990 |
| 2014 | $0 | $198 | $489K | $488K | — | View 990 |
| 2013 | $0 | $3K | $310K | $309K | — | View 990 |
| 2012 | $0 | $2K | $310K | $306K | — | View 990 |
| 2011 | $10K | $0 | $331K | $324K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52.7M, expenses of $52.7M, and assets of $4.4M (revenue +8.9% year-over-year).
- 2022: Revenue of $48.4M, expenses of $48.3M, and assets of $5.3M (revenue +12.4% year-over-year).
- 2021: Revenue of $43.1M, expenses of $40.9M, and assets of $4.3M (revenue +10.1% year-over-year).
- 2020: Revenue of $39.1M, expenses of $39.1M, and assets of $4.3M (revenue +40720.5% year-over-year).
- 2019: Revenue of $96K, expenses of $0, and assets of $3.8M (revenue +116.6% year-over-year).
- 2018: Revenue of $44K, expenses of $0, and assets of $3.6M (revenue +309.2% year-over-year).
- 2017: Revenue of $11K, expenses of $0, and assets of $2.3M.
- 2016: Revenue of $0, expenses of $70, and assets of $938K.
- 2015: Revenue of $0, expenses of $20K, and assets of $1.1M.
- 2014: Revenue of $0, expenses of $198, and assets of $489K.
- 2013: Revenue of $0, expenses of $3K, and assets of $310K.
- 2012: Revenue of $0, expenses of $2K, and assets of $310K (revenue -100.0% year-over-year).
- 2011: Revenue of $10K, expenses of $0, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greatcare Inc:
Data Sources and Methodology
This transparency report for Greatcare 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.