Mega Care Inc
Mega Care Inc: Declining Revenue, High Assets, and Transparency Concerns
EIN: 222578561 · Oceanport, NJ · NTEE: E910 · Updated: 2026-04-04
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Mega Care Inc (EIN: 222578561) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Mega Care Inc spend its money?
Mega Care Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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 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.
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.