Independent Care Health Benefit Tr
EIN: 856586606 · Garner, NC · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $9.7M |
| Net Assets | $-889,402 |
Search Intent Cockpit
Independent Care Health Benefit Tr Form 990, Revenue, CEO Pay, and IRS Filing Signals
Independent Care Health Benefit Tr is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Independent Care Health Benefit Tr in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $8.5M and expenses of $9.7M.
Revenue and Expenses
Independent Care Health Benefit Tr reported $8.5M in revenue and $9.7M in expenses, a deficit of $1.2M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Independent Care Health Benefit Tr shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Limited filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade C | 2 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category Y context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Garner, NC nonprofitsCategory Y in North Carolina
Mutual Benefit in North Carolina
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Jump into spending, compensation, rankings, and filing-year evidence.
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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.
Organization Overview
Independent Care Health Benefit Tr is a mid-size nonprofit that has been operating for 2 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $9.7M |
| Surplus / Deficit | $-1,177,668 |
| Total Assets | $4.6M |
| Total Liabilities | $5.4M |
| Net Assets | $-889,402 |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 119.5% |
| Months of Reserves | 5.6 months |
Financial Health Grade: C
In 2023, Independent Care Health Benefit Tr reported a deficit of $1.2M with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 119.5% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Independent Care Health Benefit Tr's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | +17.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 119.5%.
Frequently Asked Questions about Independent Care Health Benefit Tr
Is Independent Care Health Benefit Tr a legitimate charity?
Independent Care Health Benefit Tr (EIN: 856586606) is a registered tax-exempt nonprofit based in North Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $9.4M. No red flags identified. Financial health grade: C.
How does Independent Care Health Benefit Tr spend its money?
Independent Care Health Benefit Tr reported $9.4M in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
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.
Where is Independent Care Health Benefit Tr located?
Independent Care Health Benefit Tr is headquartered in Garner, North Carolina and files with the IRS under EIN 856586606. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Independent Care Health Benefit Tr have?
Independent Care Health Benefit Tr has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $9.4M in total revenue.
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 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Care Health Benefit Tr:
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.