Mi Casita Day Care Center Inc
Mi Casita Day Care Center: Strong Financials, Consistent Growth
EIN: 221942376 · Camden, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.0M |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Mi Casita Day Care Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mi Casita Day Care Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mi Casita Day Care Center Inc
Mi Casita Day Care Center Inc (EIN: 221942376) is a nonprofit organization based in Camden, NJ. The organization reported total revenue of $3.7M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mi Casita Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mi Casita Day Care Center Inc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$298K |
| Total Assets | $3.1M |
| Total Liabilities | $136K |
| Net Assets | $2.9M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Mi Casita Day Care Center Inc reported a surplus of $298K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mi Casita Day Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +4.7% | +10.1% |
| 2022 | +16.1% | +7.7% | +15.6% |
| 2021 | -0.4% | +4.1% | +5.2% |
| 2020 | -2.8% | -8.9% | +11.5% |
| 2019 | +4.6% | -1.6% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1972 |
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 Mi Casita Day Care Center Inc with a Mission Score of 85 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, Mi Casita Day Care 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 $298K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are disclosed in the provided financial data.
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 Mi Casita Day Care Center Inc's IRS 990 filings:
- Lack of specific executive compensation disclosure in available filings.
Strengths
The following positive indicators were identified for Mi Casita Day Care Center Inc:
- Consistent revenue growth over the past several years, reaching $3,293,195 in 2023.
- Healthy asset growth, with total assets increasing to $3,063,674 in 2023.
- Strong program spending, indicating a focus on mission-related activities.
- Positive net assets/fund balances consistently maintained.
Frequently Asked Questions about Mi Casita Day Care Center Inc
Is Mi Casita Day Care Center Inc a legitimate charity?
Mi Casita Day Care Center Inc (EIN: 221942376) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Mi Casita Day Care Center Inc spend its money?
Mi Casita Day Care Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mi Casita Day Care Center Inc tax-deductible?
Mi Casita Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 221942376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mi Casita Day Care Center Inc's spending goes to programs?
Mi Casita Day Care Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mi Casita Day Care Center Inc located?
Mi Casita Day Care Center Inc is headquartered in Camden, New Jersey and files with the IRS under EIN 221942376.
How many years of IRS 990 filings does Mi Casita Day Care Center Inc have?
Mi Casita Day Care Center 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 $3.7M in total revenue.
What does Mi Casita Day Care Center Inc do?
Mi Casita Day Care Center Inc is a nonprofit organization in the Unknown sector, located in Camden, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mi Casita Day Care Center Inc have?
Mi Casita Day Care Center Inc reported total revenue of $3,673,630. Based on 13 IRS 990 filings on record.
What are Mi Casita Day Care Center Inc's total assets?
Mi Casita Day Care Center Inc holds total assets of $3,498,288 as reported in IRS 990 filings.
Where is Mi Casita Day Care Center Inc located?
Mi Casita Day Care Center Inc is based in Camden, New Jersey.
What is Mi Casita Day Care Center Inc's EIN?
Mi Casita Day Care Center Inc's Employer Identification Number (EIN) is 221942376. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mi Casita Day Care Center Inc?
Mi Casita Day Care Center Inc is classified under NTEE code Unknown (Unknown).
Is Mi Casita Day Care Center Inc a registered 501(c)(3)?
Mi Casita Day Care Center Inc appears in IRS records (EIN: 221942376). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mi Casita Day Care Center Inc file IRS Form 990?
Yes, Mi Casita Day Care Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mi Casita Day Care Center Inc's revenue in 2023?
In the 202312 filing period, Mi Casita Day Care Center Inc reported total revenue of $3,293,195, total expenses of $2,994,936, and net assets of $3,063,674.
Is Mi Casita Day Care Center Inc's revenue growing or declining?
Mi Casita Day Care Center Inc's revenue is relatively stable. Revenue went from $3,246,283 (202212) to $3,293,195 (202312), a +1.4% change. Based on 13 filings on record.
What is Mi Casita Day Care Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mi Casita Day Care Center Inc covers tax period 202312. It shows revenue of $3,293,195, expenses of $2,994,936, total assets of $3,063,674, and liabilities of $136,477.
How much does Mi Casita Day Care Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Mi Casita Day Care Center Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mi Casita Day Care Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mi Casita Day Care Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Mi Casita Day Care Center Inc?
The following concerns were identified: Lack of specific executive compensation disclosure in available filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mi Casita Day Care Center Inc's strengths?
Positive indicators for Mi Casita Day Care Center Inc include: Consistent revenue growth over the past several years, reaching $3,293,195 in 2023.. Healthy asset growth, with total assets increasing to $3,063,674 in 2023.. Strong program spending, indicating a focus on mission-related activities.. Positive net assets/fund balances consistently maintained.. These findings are derived from AI analysis of the organization's financial filings.
How does Mi Casita Day Care Center Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are disclosed in the provided financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Mi Casita Day Care Center Inc?
• Financial data consistently reported across multiple years. • No compensation information is publicly available in the provided filings. • Program expenses are clearly the largest expenditure category. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Mi Casita Day Care Center managed to achieve consistent revenue growth despite varying economic conditions?
Mi Casita Day Care Center has shown remarkable resilience, with revenues steadily increasing from $2,763,027 in 2016 to $3,293,195 in 2023, suggesting effective program delivery and fundraising strategies that resonate with its community.
What is the trend in the organization's liquidity, and what does it imply for its financial health?
The organization's liquid assets (implied by 'a' for assets) have grown consistently, indicating a strong and improving liquidity position. This suggests a healthy financial buffer and ability to meet short-term obligations.
Filing History
IRS 990 filing history for Mi Casita Day Care Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mi Casita Day Care Center Inc's revenue has grown by 35.4%, moving from $2.4M to $3.3M. Total assets increased by 148.4% over the same period, from $1.2M to $3.1M. Total functional expenses rose by 25.2%, from $2.4M to $3.0M. In its most recent filing year (2023), Mi Casita Day Care Center Inc reported a surplus of $298K, with revenue exceeding expenses. The organization holds $136K in liabilities against $3.1M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.0M | $3.1M | $136K | — | — |
| 2022 | $3.2M | $2.9M | $2.8M | $153K | — | View 990 |
| 2021 | $2.8M | $2.7M | $2.4M | $164K | — | View 990 |
| 2020 | $2.8M | $2.6M | $2.3M | $184K | — | View 990 |
| 2019 | $2.9M | $2.8M | $2.1M | $202K | — | View 990 |
| 2018 | $2.8M | $2.8M | $2.0M | $226K | — | View 990 |
| 2017 | $2.8M | $2.8M | $2.1M | $220K | — | View 990 |
| 2016 | $2.8M | $2.7M | $2.1M | $231K | — | View 990 |
| 2015 | $2.6M | $2.7M | $2.1M | $325K | — | View 990 |
| 2014 | $2.8M | $2.6M | $2.2M | $314K | — | View 990 |
| 2013 | $2.8M | $2.7M | $1.9M | $351K | — | View 990 |
| 2012 | $2.8M | $2.4M | $1.9M | $321K | — | View 990 |
| 2011 | $2.4M | $2.4M | $1.2M | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.0M, and assets of $3.1M (revenue +1.4% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.9M, and assets of $2.8M (revenue +16.1% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.7M, and assets of $2.4M (revenue -0.4% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.6M, and assets of $2.3M (revenue -2.8% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.8M, and assets of $2.1M (revenue +4.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.8M, and assets of $2.0M (revenue -2.2% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.8M, and assets of $2.1M (revenue +2.1% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $2.1M (revenue +5.7% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.7M, and assets of $2.1M (revenue -8.1% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.6M, and assets of $2.2M (revenue +2.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $1.9M (revenue +0.2% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.4M, and assets of $1.9M (revenue +13.7% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mi Casita Day Care Center Inc:
Data Sources and Methodology
This transparency report for Mi Casita Day Care 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.