Mycare Health Center
EIN: 371593312 · Center Line, MI · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $7.4M |
| Net Assets | $3.3M |
Is Mycare Health Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mycare Health Center
Mycare Health Center (EIN: 371593312) is a nonprofit organization based in Center Line, MI, classified under NTEE code E32. The organization reported total revenue of $7.8M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mycare Health Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mycare Health Center is a mid-size nonprofit that has been operating for 15 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-127,334 |
| Total Assets | $4.8M |
| Total Liabilities | $1.6M |
| Net Assets | $3.3M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2023, Mycare Health Center reported a deficit of $127K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mycare Health Center's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +3.8% | -4.8% |
| 2022 | -4.4% | +17.9% | +35.0% |
| 2021 | +36.6% | +0.2% | +13.6% |
| 2020 | -2.1% | +5.3% | +6.8% |
| 2019 | +10.8% | +8.4% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mycare Health Center 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 Mycare Health Center 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 $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.6%.
Frequently Asked Questions about Mycare Health Center
Is Mycare Health Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Mycare Health Center (EIN: 371593312) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mycare Health Center spend its money?
Detailed spending breakdown data is not yet available for Mycare Health Center. Check back for updated IRS 990 analysis.
Are donations to Mycare Health Center tax-deductible?
Mycare Health Center is registered as a tax-exempt nonprofit (EIN: 371593312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mycare Health Center located?
Mycare Health Center is headquartered in Center Line, Michigan and files with the IRS under EIN 371593312. It is classified under NTEE code E32.
How many years of IRS 990 filings does Mycare Health Center have?
Mycare Health Center has 14 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 $7.8M in total revenue.
Filing History
IRS 990 filing history for Mycare Health Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mycare Health Center's revenue has grown by 845.2%, moving from $771K to $7.3M. Total assets increased by 1286.3% over the same period, from $348K to $4.8M. Total functional expenses rose by 1571.3%, from $444K to $7.4M. In its most recent filing year (2023), Mycare Health Center reported a deficit of $127K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $4.8M in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.4M | $4.8M | $1.6M | — | — |
| 2022 | $7.1M | $7.1M | $5.1M | $1.7M | — | — |
| 2021 | $7.5M | $6.1M | $3.8M | $481K | — | View 990 |
| 2020 | $5.5M | $6.1M | $3.3M | $973K | — | — |
| 2019 | $5.6M | $5.7M | $3.1M | $792K | — | View 990 |
| 2018 | $5.0M | $5.3M | $3.4M | $883K | — | View 990 |
| 2017 | $4.9M | $5.3M | $3.0M | $253K | — | View 990 |
| 2016 | $5.1M | $4.6M | $3.2M | $145K | — | View 990 |
| 2015 | $4.1M | $3.4M | $2.7M | $129K | — | View 990 |
| 2014 | $4.2M | $3.3M | $2.2M | $252K | — | — |
| 2013 | $2.8M | $2.5M | $1.3M | $268K | — | View 990 |
| 2012 | $2.4M | $2.2M | $925K | $195K | — | View 990 |
| 2011 | $1.7M | $1.5M | $719K | $213K | — | View 990 |
| 2010 | $771K | $444K | $348K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.4M, and assets of $4.8M (revenue +2.4% year-over-year).
- 2022: Revenue of $7.1M, expenses of $7.1M, and assets of $5.1M (revenue -4.4% year-over-year).
- 2021: Revenue of $7.5M, expenses of $6.1M, and assets of $3.8M (revenue +36.6% year-over-year).
- 2020: Revenue of $5.5M, expenses of $6.1M, and assets of $3.3M (revenue -2.1% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.7M, and assets of $3.1M (revenue +10.8% year-over-year).
- 2018: Revenue of $5.0M, expenses of $5.3M, and assets of $3.4M (revenue +2.1% year-over-year).
- 2017: Revenue of $4.9M, expenses of $5.3M, and assets of $3.0M (revenue -3.5% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.6M, and assets of $3.2M (revenue +25.7% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.4M, and assets of $2.7M (revenue -3.4% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.3M, and assets of $2.2M (revenue +49.4% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.5M, and assets of $1.3M (revenue +19.2% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $925K (revenue +35.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $719K (revenue +125.5% year-over-year).
- 2010: Revenue of $771K, expenses of $444K, and assets of $348K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mycare Health Center:
Data Sources and Methodology
This transparency report for Mycare Health Center 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.