Home Care Advantage Inc
EIN: 341758970 · Salem, OH
| Metric | Value |
|---|---|
| Total Expenses | $1.2M |
| Net Assets | $2.1M |
Is Home Care Advantage Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home Care Advantage Inc
Home Care Advantage Inc (EIN: 341758970) is a nonprofit organization based in Salem, OH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Care Advantage Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Care Advantage Inc is a mid-size nonprofit, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$174K |
| Total Assets | $2.2M |
| Total Liabilities | $45K |
| Net Assets | $2.1M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2018, Home Care Advantage Inc reported a surplus of $174K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Home Care Advantage Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -4.0% | -2.7% | +7.9% |
| 2017 | -7.0% | -7.8% | +11.7% |
| 2016 | -0.5% | -5.3% | +11.7% |
| 2015 | -5.5% | -8.7% | +3.8% |
| 2014 | +7.3% | +6.5% | +9.7% |
AI Analysis Pending
AI enrichment for Home Care Advantage 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 Home Care Advantage 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Home Care Advantage Inc
Is Home Care Advantage Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Care Advantage Inc (EIN: 341758970) insufficient data. 0 red flags identified, 0 strengths noted.
How does Home Care Advantage Inc spend its money?
Detailed spending breakdown data is not yet available for Home Care Advantage Inc. Check back for updated IRS 990 analysis.
Are donations to Home Care Advantage Inc tax-deductible?
Home Care Advantage Inc is registered as a tax-exempt nonprofit (EIN: 341758970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home Care Advantage Inc located?
Home Care Advantage Inc is headquartered in Salem, Ohio and files with the IRS under EIN 341758970.
How many years of IRS 990 filings does Home Care Advantage Inc have?
Home Care Advantage Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Home Care Advantage Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Home Care Advantage Inc's revenue has declined by 17.4%, moving from $1.6M to $1.4M. Total assets increased by 73.5% over the same period, from $1.3M to $2.2M. Total functional expenses fell by 19.3%, from $1.5M to $1.2M. In its most recent filing year (2018), Home Care Advantage Inc reported a surplus of $174K, with revenue exceeding expenses. The organization holds $45K in liabilities against $2.2M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $1.4M | $1.2M | $2.2M | $45K | — | View 990 |
| 2017 | $1.4M | $1.2M | $2.0M | $49K | — | View 990 |
| 2016 | $1.5M | $1.3M | $1.8M | $45K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.6M | $45K | — | View 990 |
| 2014 | $1.6M | $1.5M | $1.6M | $108K | — | View 990 |
| 2013 | $1.5M | $1.4M | $1.4M | $67K | — | View 990 |
| 2012 | $1.5M | $1.4M | $1.3M | $57K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.3M | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $2.2M (revenue -4.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $2.0M (revenue -7.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $1.8M (revenue -0.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.6M (revenue -5.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $1.6M (revenue +7.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $1.4M (revenue -0.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue -8.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Care Advantage Inc:
Data Sources and Methodology
This transparency report for Home Care Advantage 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.