Mega Care Inc
Mega Care Inc: Declining Revenue, High Assets, and Transparency Concerns
EIN: 222578561 · Oceanport, NJ · NTEE: E910 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Program Spending | 70% |
| Net Assets | $51.9M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Mega Care Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Mega Care Inc 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 Mega Care Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $4.1M and expenses of $0.
Revenue and Expenses
Revenue, expense, and surplus data is shown where available from IRS 990 records.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Mega Care Inc Legit?
Some Concerns
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
| Program services | (70%) |
Across stored filings, Mega Care Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Dance For The Cure Inc →All New Jersey nonprofits
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Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Oceanport, NJ nonprofitsHealth in New Jersey
Health in New Jersey
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Health spending
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Donation Decision Flow
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Keep the Investigation Moving
Mega Care Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mega Care Inc
Mega Care Inc (EIN: 222578561) is a nonprofit organization based in Oceanport, NJ, classified under NTEE code E910. The organization reported total revenue of $2.8M and total assets of $53.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mega Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mega Care Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $0 |
| Surplus / Deficit | +$4.1M |
| Total Assets | $51.9M |
| Net Assets | $51.9M |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Mega Care Inc reported a surplus of $4.1M with revenue exceeding expenses.
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.5% | — | +0.6% |
| 2022 | -34.7% | — | -3.1% |
| 2021 | -19.9% | — | +11.2% |
| 2020 | +36.0% | — | +2.9% |
| 2019 | +9.0% | — | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Mega Care Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Mega Care Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Without specific compensation data, a comprehensive assessment of executive compensation is not possible; however, the lack of disclosure is a concern.
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 Mega Care Inc's IRS 990 filings:
- Revenue has significantly declined from $10,492,760 in 2020 to $2,838,552 in 2023.
- The organization holds substantial assets ($52,955,244 in 2023) relative to its declining revenue.
- The provided data lacks specific details on program expenses, administrative costs, and fundraising expenses, making a detailed spending breakdown difficult to verify.
- The 'l' field, potentially representing liabilities, shows a significant amount ($7,238,279) for several years, which then drops to $0 in 2022 and 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Mega Care Inc:
- Maintains a substantial asset base, indicating financial stability despite revenue declines.
- Long operational history suggested by multiple years of financial filings.
Frequently Asked Questions about Mega Care Inc
Is Mega Care Inc a legitimate charity?
Mega Care Inc (EIN: 222578561) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Mega Care Inc spend its money?
Mega Care Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Mega Care Inc tax-deductible?
Mega Care Inc is registered as a tax-exempt nonprofit (EIN: 222578561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mega Care Inc's spending goes to programs?
Mega Care Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mega Care Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mega Care Inc is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mega Care Inc located?
Mega Care Inc is headquartered in Oceanport, New Jersey and files with the IRS under EIN 222578561. It is classified under NTEE code E910.
How many years of IRS 990 filings does Mega Care Inc have?
Mega Care 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 $2.8M in total revenue.
What does Mega Care Inc do?
Mega Care Inc is a nonprofit organization in the Health Care sector, located in Oceanport, New Jersey. It is classified under NTEE code E910.
How much revenue does Mega Care Inc have?
Mega Care Inc reported total revenue of $2,838,552. Based on 13 IRS 990 filings on record.
What are Mega Care Inc's total assets?
Mega Care Inc holds total assets of $52,955,244 as reported in IRS 990 filings.
Where is Mega Care Inc located?
Mega Care Inc is based in Oceanport, New Jersey.
What is Mega Care Inc's EIN?
Mega Care Inc's Employer Identification Number (EIN) is 222578561. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mega Care Inc?
Mega Care Inc is classified under NTEE code E910 (Health Care).
Is Mega Care Inc a registered 501(c)(3)?
Yes, Mega Care Inc is recognized as a tax-exempt organization by the IRS. EIN: 222578561.
Does Mega Care Inc file IRS Form 990?
Yes, Mega Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mega Care Inc's revenue in 2023?
In the 202312 filing period, Mega Care Inc reported total revenue of $4,147,842, total expenses of N/A, and net assets of $51,901,692.
Is Mega Care Inc's revenue growing or declining?
Mega Care Inc's revenue is declining. Revenue went from $5,492,624 (202212) to $4,147,842 (202312), a -24.5% change. Based on 13 filings on record.
What is Mega Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mega Care Inc covers tax period 202312. It shows revenue of $4,147,842, expenses of N/A, total assets of $51,901,692, and liabilities of N/A.
How much does Mega Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Mega Care Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Mega Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mega Care Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Mega Care Inc?
The following concerns were identified: Revenue has significantly declined from $10,492,760 in 2020 to $2,838,552 in 2023.. The organization holds substantial assets ($52,955,244 in 2023) relative to its declining revenue.. The provided data lacks specific details on program expenses, administrative costs, and fundraising expenses, making a detailed spending breakdown difficult to verify.. The 'l' field, potentially representing liabilities, shows a significant amount ($7,238,279) for several years, which then drops to $0 in 2022 and 2023, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mega Care Inc's strengths?
Positive indicators for Mega Care Inc include: Maintains a substantial asset base, indicating financial stability despite revenue declines.. Long operational history suggested by multiple years of financial filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Mega Care Inc compensate executives?
Without specific compensation data, a comprehensive assessment of executive compensation is not possible; however, the lack of disclosure is a concern. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial decline in revenue from $10.49M in 2020 to $2.84M in 2023, what strategic changes or external factors have impacted Mega Care Inc's funding streams?
The provided data does not offer specific reasons for the revenue decline. Further investigation into their annual reports or public statements would be needed to understand the underlying causes, such as changes in funding models, grant availability, or operational shifts.
With assets consistently over $45M and revenue significantly decreasing, how is Mega Care Inc utilizing its substantial asset base to support its mission or address operational challenges?
The data shows a large asset base, but without detailed expense breakdowns, it's unclear how these assets are being deployed. It's possible they are held in investments, endowments, or property, but their direct impact on current program delivery or mitigation of revenue loss is not evident.
Filing History
IRS 990 filing history for Mega Care Inc showing financial trends over 13 years of public records:
Total assets decreased by 53.7% over the same period, from $112.0M to $51.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $0 | $51.9M | $0 | — | — |
| 2022 | $5.5M | $0 | $51.6M | $0 | — | View 990 |
| 2021 | $8.4M | $0 | $53.2M | $7.2M | — | View 990 |
| 2020 | $10.5M | $0 | $47.9M | $7.2M | — | View 990 |
| 2019 | $7.7M | $0 | $46.5M | $7.2M | — | View 990 |
| 2018 | $7.1M | $0 | $49.9M | $7.2M | — | View 990 |
| 2017 | $0 | $0 | $4.9M | $7.5M | — | View 990 |
| 2016 | $0 | $0 | $4.9M | $10.8M | — | View 990 |
| 2015 | $34.3M | $35.4M | $5.8M | $11.4M | — | View 990 |
| 2014 | $30.6M | $31.9M | $5.2M | $9.7M | — | View 990 |
| 2013 | $30.5M | $31.2M | $6.8M | $10.1M | — | View 990 |
| 2012 | $0 | $0 | $926 | $926 | — | View 990 |
| 2011 | $0 | $0 | $112.0M | $53.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $0, and assets of $51.9M (revenue -24.5% year-over-year).
- 2022: Revenue of $5.5M, expenses of $0, and assets of $51.6M (revenue -34.7% year-over-year).
- 2021: Revenue of $8.4M, expenses of $0, and assets of $53.2M (revenue -19.9% year-over-year).
- 2020: Revenue of $10.5M, expenses of $0, and assets of $47.9M (revenue +36.0% year-over-year).
- 2019: Revenue of $7.7M, expenses of $0, and assets of $46.5M (revenue +9.0% year-over-year).
- 2018: Revenue of $7.1M, expenses of $0, and assets of $49.9M.
- 2017: Revenue of $0, expenses of $0, and assets of $4.9M.
- 2016: Revenue of $0, expenses of $0, and assets of $4.9M (revenue -100.0% year-over-year).
- 2015: Revenue of $34.3M, expenses of $35.4M, and assets of $5.8M (revenue +12.1% year-over-year).
- 2014: Revenue of $30.6M, expenses of $31.9M, and assets of $5.2M (revenue +0.4% year-over-year).
- 2013: Revenue of $30.5M, expenses of $31.2M, and assets of $6.8M.
- 2012: Revenue of $0, expenses of $0, and assets of $926.
- 2011: Revenue of $0, expenses of $0, and assets of $112.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mega Care Inc:
Data Sources and Methodology
This transparency report for Mega Care 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.