Independent Care Health Benefit Tr
EIN: 856586606 · Garner, NC · NTEE: Y43
Is Independent Care Health Benefit Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent Care Health Benefit Tr
Independent Care Health Benefit Tr (EIN: 856586606) is a nonprofit organization based in Garner, NC, classified under NTEE code Y43. The organization reported total revenue of $9.4M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Care Health Benefit Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Independent Care Health Benefit Tr 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 Independent Care Health Benefit Tr 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.
Frequently Asked Questions about Independent Care Health Benefit Tr
Is Independent Care Health Benefit Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Care Health Benefit Tr (EIN: 856586606) insufficient data. 0 red flags identified, 0 strengths noted.
How does Independent Care Health Benefit Tr spend its money?
Detailed spending breakdown data is not yet available for Independent Care Health Benefit Tr. Check back for updated IRS 990 analysis.
Are donations to Independent Care Health Benefit Tr tax-deductible?
Independent Care Health Benefit Tr is registered as a tax-exempt nonprofit (EIN: 856586606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Independent Care Health Benefit Tr showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Independent Care Health Benefit Tr's revenue has declined by 0.6%, moving from $8.6M to $8.5M. Total assets decreased by 2.3% over the same period, from $4.7M to $4.6M. Total functional expenses rose by 17.1%, from $8.3M to $9.7M. In its most recent filing year (2023), Independent Care Health Benefit Tr reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $4.6M in assets (debt-to-asset ratio: 119.5%), resulting in net assets of $-889,402.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $9.7M | $4.6M | $5.4M | — | — |
| 2022 | $8.6M | $8.3M | $4.7M | $4.4M | — | — |
Data Sources and Methodology
This transparency report for Independent Care Health Benefit Tr 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.