Immacare Inc
Immacare Inc: Transparent Operations with Balanced Spending
EIN: 223121606 · Hartford, CT · NTEE: L410 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $3.6M |
| Program Spending | 55% |
| Net Assets | $13.4M |
| Transparency Score | 85/100 |
Is Immacare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Immacare Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Immacare Inc
Immacare Inc (EIN: 223121606) is a nonprofit organization based in Hartford, CT, classified under NTEE code L410. The organization reported total revenue of $4.4M and total assets of $14.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Immacare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Immacare Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-137,750 |
| Total Assets | $13.8M |
| Total Liabilities | $440K |
| Net Assets | $13.4M |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 45.7 months |
Financial Health Grade: B
In 2023, Immacare Inc reported a deficit of $138K with expenses exceeding revenue, holds 45.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Immacare Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +7.3% | -0.3% |
| 2022 | -2.9% | +3.2% | +1.0% |
| 2021 | -49.6% | +9.1% | +0.1% |
| 2020 | +128.5% | -2.9% | +41.6% |
| 2019 | -3.6% | -3.1% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Immacare 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: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Immacare Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $138K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
Executive compensation has remained stable, with no significant increases over the past five years.
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 Immacare Inc's IRS 990 filings:
- No significant changes in spending categories over the past decade.
Strengths
The following positive indicators were identified for Immacare Inc:
- Consistent and detailed financial reporting.
Frequently Asked Questions about Immacare Inc
Is Immacare Inc a legitimate charity?
Immacare Inc (EIN: 223121606) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Immacare Inc spend its money?
Immacare Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Immacare Inc tax-deductible?
Immacare Inc is registered as a tax-exempt nonprofit (EIN: 223121606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Immacare Inc's spending goes to programs?
Immacare Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Immacare Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Immacare Inc is above average for NTEE category L410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Immacare Inc located?
Immacare Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 223121606. It is classified under NTEE code L410.
How many years of IRS 990 filings does Immacare Inc have?
Immacare 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 $4.4M in total revenue.
What does Immacare Inc do?
Immacare Inc is a nonprofit organization in the Housing & Shelter sector, located in Hartford, Connecticut. It is classified under NTEE code L410.
How much revenue does Immacare Inc have?
Immacare Inc reported total revenue of $4,386,114. Based on 13 IRS 990 filings on record.
What are Immacare Inc's total assets?
Immacare Inc holds total assets of $14,539,284 as reported in IRS 990 filings.
Where is Immacare Inc located?
Immacare Inc is based in Hartford, Connecticut.
What is Immacare Inc's EIN?
Immacare Inc's Employer Identification Number (EIN) is 223121606. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Immacare Inc?
Immacare Inc is classified under NTEE code L410 (Housing & Shelter).
Is Immacare Inc a registered 501(c)(3)?
Yes, Immacare Inc is recognized as a tax-exempt organization by the IRS. EIN: 223121606.
Does Immacare Inc file IRS Form 990?
Yes, Immacare Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Immacare Inc's revenue in 2023?
In the 202309 filing period, Immacare Inc reported total revenue of $3,495,408, total expenses of $3,633,158, and net assets of $13,843,111.
Is Immacare Inc's revenue growing or declining?
Immacare Inc's revenue is relatively stable. Revenue went from $3,430,185 (202209) to $3,495,408 (202309), a +1.9% change. Based on 13 filings on record.
What is Immacare Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Immacare Inc covers tax period 202309. It shows revenue of $3,495,408, expenses of $3,633,158, total assets of $13,843,111, and liabilities of $440,091.
How much does Immacare Inc spend on programs vs administration?
Based on IRS 990 analysis, Immacare Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Immacare Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Immacare Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Immacare Inc?
The following concerns were identified: No significant changes in spending categories over the past decade.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Immacare Inc's strengths?
Positive indicators for Immacare Inc include: Consistent and detailed financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Immacare Inc compensate executives?
Executive compensation has remained stable, with no significant increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Immacare Inc ensure transparency in its operations?
Immacare Inc provides detailed annual reports that consistently break down spending into programs, administration, and fundraising. This ensures stakeholders can easily track how funds are allocated and used.
What is the trend in Immacare Inc's executive compensation?
Executive compensation at Immacare Inc has remained stable over the past five years, with no significant increases, indicating a focus on maintaining a balanced and efficient leadership structure.
How does Immacare Inc manage its administrative costs?
Immacare Inc manages its administrative costs at 25% of total expenses, which is well below the industry average, indicating efficient operations and a focus on cost management.
Filing History
IRS 990 filing history for Immacare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Immacare Inc's revenue has declined by 9.2%, moving from $3.9M to $3.5M. Total assets increased by 39.2% over the same period, from $9.9M to $13.8M. Total functional expenses rose by 15.3%, from $3.2M to $3.6M. In its most recent filing year (2023), Immacare Inc reported a deficit of $138K, with expenses exceeding revenue. The organization holds $440K in liabilities against $13.8M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $13.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.6M | $13.8M | $440K | — | — |
| 2022 | $3.4M | $3.4M | $13.9M | $365K | — | View 990 |
| 2021 | $3.5M | $3.3M | $13.8M | $244K | — | View 990 |
| 2020 | $7.0M | $3.0M | $13.7M | $484K | — | View 990 |
| 2019 | $3.1M | $3.1M | $9.7M | $444K | — | View 990 |
| 2018 | $3.2M | $3.2M | $9.5M | $164K | — | View 990 |
| 2017 | $3.3M | $3.2M | $9.4M | $123K | — | View 990 |
| 2016 | $3.3M | $3.8M | $9.3M | $153K | — | View 990 |
| 2015 | $3.3M | $3.4M | $10.0M | $263K | — | View 990 |
| 2014 | $3.2M | $3.5M | $10.1M | $321K | — | View 990 |
| 2013 | $3.2M | $3.2M | $10.5M | $392K | — | View 990 |
| 2012 | $3.9M | $3.2M | $10.7M | $564K | — | View 990 |
| 2011 | $3.9M | $3.2M | $9.9M | $440K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.6M, and assets of $13.8M (revenue +1.9% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.4M, and assets of $13.9M (revenue -2.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.3M, and assets of $13.8M (revenue -49.6% year-over-year).
- 2020: Revenue of $7.0M, expenses of $3.0M, and assets of $13.7M (revenue +128.5% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $9.7M (revenue -3.6% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.2M, and assets of $9.5M (revenue -2.9% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.2M, and assets of $9.4M (revenue -1.6% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.8M, and assets of $9.3M (revenue +0.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.4M, and assets of $10.0M (revenue +2.9% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.5M, and assets of $10.1M (revenue +1.8% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.2M, and assets of $10.5M (revenue -18.7% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.2M, and assets of $10.7M (revenue +0.7% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.2M, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Immacare Inc:
Data Sources and Methodology
This transparency report for Immacare 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.