Mw Healthcare Inc
EIN: 270268085 · New Haven, CT · NTEE: P11
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $3.6M |
| Net Assets | $18.4M |
Is Mw Healthcare Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mw Healthcare Inc
Mw Healthcare Inc (EIN: 270268085) is a nonprofit organization based in New Haven, CT, classified under NTEE code P11. The organization reported total revenue of $6.1M and total assets of $17.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mw Healthcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mw Healthcare Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-1,495,280 |
| Total Assets | $18.5M |
| Total Liabilities | $76K |
| Net Assets | $18.4M |
| Operating Margin | -70.9% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 61.6 months |
Financial Health Grade: B
In 2023, Mw Healthcare Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 61.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mw Healthcare Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +130.7% | +31.6% | -6.9% |
| 2022 | -41.7% | +298.3% | -23.6% |
| 2021 | +49.4% | +150.3% | +15.2% |
| 2020 | +83.6% | +3.4% | +4.6% |
| 2019 | -61.4% | -3.1% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mw Healthcare Inc 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 Mw Healthcare Inc 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Mw Healthcare Inc
Is Mw Healthcare Inc a legitimate charity?
Mw Healthcare Inc (EIN: 270268085) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. No red flags identified. Financial health grade: B.
How does Mw Healthcare Inc spend its money?
Mw Healthcare Inc reported $6.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mw Healthcare Inc tax-deductible?
Mw Healthcare Inc is registered as a tax-exempt nonprofit (EIN: 270268085). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mw Healthcare Inc located?
Mw Healthcare Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 270268085. It is classified under NTEE code P11.
How many years of IRS 990 filings does Mw Healthcare Inc have?
Mw Healthcare 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 $6.1M in total revenue.
Filing History
IRS 990 filing history for Mw Healthcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mw Healthcare Inc's revenue has grown by 357.8%, moving from $461K to $2.1M. Total assets increased by 48.8% over the same period, from $12.4M to $18.5M. Total functional expenses rose by 1410.3%, from $239K to $3.6M. In its most recent filing year (2023), Mw Healthcare Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $76K in liabilities against $18.5M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $18.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $3.6M | $18.5M | $76K | — | — |
| 2022 | $914K | $2.7M | $19.9M | $128K | — | — |
| 2021 | $1.6M | $688K | $26.0M | $0 | — | View 990 |
| 2020 | $1.1M | $275K | $22.6M | $313K | — | — |
| 2019 | $572K | $266K | $21.6M | $753K | — | View 990 |
| 2018 | $1.5M | $274K | $21.6M | $1.1M | — | View 990 |
| 2017 | $1.3M | $245K | $20.3M | $901K | — | View 990 |
| 2016 | $225K | $230K | $18.7M | $752K | — | View 990 |
| 2015 | $4.1M | $208K | $17.9M | $612K | — | View 990 |
| 2014 | $1.4M | $232K | $17.7M | $475K | — | View 990 |
| 2013 | $504K | $191K | $15.9M | $362K | — | View 990 |
| 2012 | $582K | $228K | $14.7M | $264K | — | View 990 |
| 2011 | $461K | $239K | $12.4M | $129K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $3.6M, and assets of $18.5M (revenue +130.7% year-over-year).
- 2022: Revenue of $914K, expenses of $2.7M, and assets of $19.9M (revenue -41.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $688K, and assets of $26.0M (revenue +49.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $275K, and assets of $22.6M (revenue +83.6% year-over-year).
- 2019: Revenue of $572K, expenses of $266K, and assets of $21.6M (revenue -61.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $274K, and assets of $21.6M (revenue +13.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $245K, and assets of $20.3M (revenue +479.8% year-over-year).
- 2016: Revenue of $225K, expenses of $230K, and assets of $18.7M (revenue -94.5% year-over-year).
- 2015: Revenue of $4.1M, expenses of $208K, and assets of $17.9M (revenue +189.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $232K, and assets of $17.7M (revenue +180.8% year-over-year).
- 2013: Revenue of $504K, expenses of $191K, and assets of $15.9M (revenue -13.4% year-over-year).
- 2012: Revenue of $582K, expenses of $228K, and assets of $14.7M (revenue +26.3% year-over-year).
- 2011: Revenue of $461K, expenses of $239K, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mw Healthcare Inc:
Data Sources and Methodology
This transparency report for Mw Healthcare 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.