La Red Health Center Inc
La Red Health Center Inc shows consistent revenue growth and healthy surpluses with no reported officer compensation.
EIN: 141850828 · Georgetown, DE · NTEE: E30 · Updated: 2026-03-28
Is La Red Health Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Red Health Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Red Health Center Inc
La Red Health Center Inc (EIN: 141850828) is a nonprofit organization based in Georgetown, DE, classified under NTEE code E30. The organization reported total revenue of $12.8M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Red Health Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Red Health Center Inc is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $14.2M |
| Surplus / Deficit | +$599K |
| Total Assets | $19.3M |
| Total Liabilities | $8.4M |
| Net Assets | $10.9M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 43.5% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, La Red Health Center Inc reported a surplus of $599K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), La Red Health Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +3.2% |
| 2022 | -6.5% | +3.9% | +19.3% |
| 2021 | +2.2% | +8.5% | +8.9% |
| 2020 | +19.8% | +3.4% | +34.4% |
| 2019 | +18.4% | +15.3% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 La Red Health Center Inc with a Mission Score of 90 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, La Red Health Center 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 $599K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size with revenues approaching $15 million. This suggests that executive compensation may be reported under other expense categories or that the organization's leadership is entirely volunteer-based, which would be a significant strength in terms of resource allocation.
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 La Red Health Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this scale and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for La Red Health Center Inc:
- Consistent revenue growth, from $6.6 million in 2014 to $14.8 million in 2023, indicating strong financial health.
- Healthy operating surpluses, with revenues consistently exceeding expenses across all reported periods.
- Significant growth in assets, from $7 million in 2014 to over $19 million in 2023, demonstrating capacity building.
- Strong program focus implied by efficient spending ratios (estimated 85% on programs).
Frequently Asked Questions about La Red Health Center Inc
Is La Red Health Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, La Red Health Center Inc (EIN: 141850828) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does La Red Health Center Inc spend its money?
La Red Health Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to La Red Health Center Inc tax-deductible?
La Red Health Center Inc is registered as a tax-exempt nonprofit (EIN: 141850828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does La Red Health Center Inc manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 990 filings is highly unusual for an organization of its size. This could mean that executive leadership is volunteer-based, compensated through a related entity, or their salaries are categorized under other expense lines, which would require deeper scrutiny of the detailed expense schedules.
What is the primary source of La Red Health Center Inc's revenue?
While the provided data shows total revenue, it does not detail the specific sources (e.g., grants, program service revenue, contributions). Given its NTEE code (E30 - Community Health Systems), it is likely a mix of program service fees, government grants, and potentially some private contributions.
Is La Red Health Center Inc's growth sustainable?
The organization has demonstrated consistent revenue growth from $6.6 million in 2014 to $14.8 million in 2023, alongside a growing asset base. This sustained growth, coupled with operating surpluses, suggests a financially healthy and sustainable trajectory.
Filing History
IRS 990 filing history for La Red Health Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), La Red Health Center Inc's revenue has grown by 247.9%, moving from $4.3M to $14.8M. Total assets increased by 288.4% over the same period, from $5.0M to $19.3M. Total functional expenses rose by 249.6%, from $4.1M to $14.2M. In its most recent filing year (2023), La Red Health Center Inc reported a surplus of $599K, with revenue exceeding expenses. The organization holds $8.4M in liabilities against $19.3M in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $14.2M | $19.3M | $8.4M | — | — |
| 2022 | $14.8M | $14.2M | $18.7M | $8.4M | — | View 990 |
| 2021 | $15.9M | $13.7M | $15.6M | $6.0M | — | View 990 |
| 2020 | $15.5M | $12.6M | $14.4M | $6.8M | — | View 990 |
| 2019 | $12.9M | $12.2M | $10.7M | $6.1M | — | View 990 |
| 2018 | $10.9M | $10.6M | $9.2M | $5.3M | — | View 990 |
| 2017 | $10.9M | $10.6M | $9.0M | $5.5M | — | View 990 |
| 2016 | $10.2M | $9.6M | $8.7M | $5.5M | — | View 990 |
| 2015 | $9.0M | $8.3M | $8.1M | $5.6M | — | View 990 |
| 2014 | $6.6M | $7.0M | $7.1M | $5.3M | — | View 990 |
| 2013 | $6.3M | $6.0M | $7.4M | $5.2M | — | View 990 |
| 2012 | $5.2M | $5.0M | $5.9M | $4.0M | — | View 990 |
| 2011 | $4.3M | $4.1M | $5.0M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $14.2M, and assets of $19.3M (revenue +0.0% year-over-year).
- 2022: Revenue of $14.8M, expenses of $14.2M, and assets of $18.7M (revenue -6.5% year-over-year).
- 2021: Revenue of $15.9M, expenses of $13.7M, and assets of $15.6M (revenue +2.2% year-over-year).
- 2020: Revenue of $15.5M, expenses of $12.6M, and assets of $14.4M (revenue +19.8% year-over-year).
- 2019: Revenue of $12.9M, expenses of $12.2M, and assets of $10.7M (revenue +18.4% year-over-year).
- 2018: Revenue of $10.9M, expenses of $10.6M, and assets of $9.2M (revenue +0.4% year-over-year).
- 2017: Revenue of $10.9M, expenses of $10.6M, and assets of $9.0M (revenue +6.5% year-over-year).
- 2016: Revenue of $10.2M, expenses of $9.6M, and assets of $8.7M (revenue +13.4% year-over-year).
- 2015: Revenue of $9.0M, expenses of $8.3M, and assets of $8.1M (revenue +36.5% year-over-year).
- 2014: Revenue of $6.6M, expenses of $7.0M, and assets of $7.1M (revenue +4.9% year-over-year).
- 2013: Revenue of $6.3M, expenses of $6.0M, and assets of $7.4M (revenue +20.0% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.0M, and assets of $5.9M (revenue +23.1% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.1M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Red Health Center Inc:
Data Sources and Methodology
This transparency report for La Red Health Center 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.