New England Life Care Inc
New England Life Care Inc: Balanced Spending with Room for Improvement in Transparency
EIN: 223195337 · Scarborough, ME · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $135.2M |
| Total Expenses | $135.7M |
| Program Spending | 55% |
| CEO/Top Officer Pay | $621,197. |
| Net Assets | $35.5M |
| Transparency Score | 75/100 |
Is New England Life Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Life Care Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New England Life Care Inc
New England Life Care Inc (EIN: 223195337) is a nonprofit organization based in Scarborough, ME. The organization reported total revenue of $135.2M and total assets of $62.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Life Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Life Care Inc is a major nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130.4M |
| Total Expenses | $135.7M |
| Surplus / Deficit | $-5,297,766 |
| Total Assets | $58.4M |
| Total Liabilities | $22.9M |
| Net Assets | $35.5M |
| Operating Margin | -4.1% |
| Debt-to-Asset Ratio | 39.2% |
| Months of Reserves | 5.2 months |
Financial Health Grade: B
In 2023, New England Life Care Inc reported a deficit of $5.3M with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 39.2% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), New England Life Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +8.5% | +-0.0% |
| 2022 | -3.4% | +7.7% | +3.8% |
| 2021 | +13.5% | +11.4% | +13.8% |
| 2020 | +21.5% | +22.5% | +46.8% |
| 2019 | +17.4% | +12.5% | +29.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 New England Life Care Inc with a Mission Score of 75 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: 20%
- programs: 55%
- fundraising: 25%
According to IRS 990 filings, New England Life Care Inc allocates its expenses as follows: admin: 20%, programs: 55%, fundraising: 25%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.2%.
Executive Compensation Analysis
Executive compensation is in line with industry standards, with the CEO receiving a salary of $621,197.
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 New England Life Care Inc's IRS 990 filings:
- The organization does not disclose specific fundraising activities or their outcomes, which may raise concerns about the efficiency of fundraising efforts.
Strengths
The following positive indicators were identified for New England Life Care Inc:
- The organization maintains a balanced spending structure, allocating a significant portion to programs.
Frequently Asked Questions about New England Life Care Inc
Is New England Life Care Inc a legitimate charity?
New England Life Care Inc (EIN: 223195337) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $135.2M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does New England Life Care Inc spend its money?
New England Life Care Inc directs 55% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to New England Life Care Inc tax-deductible?
New England Life Care Inc is registered as a tax-exempt nonprofit (EIN: 223195337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New England Life Care Inc CEO make?
New England Life Care Inc's highest-compensated officer earns $621,197. annually. The organization reported $135.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New England Life Care Inc's spending goes to programs?
New England Life Care Inc directs 55% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New England Life Care Inc located?
New England Life Care Inc is headquartered in Scarborough, Maine and files with the IRS under EIN 223195337.
How many years of IRS 990 filings does New England Life Care Inc have?
New England Life Care Inc has 9 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 $135.2M in total revenue.
What does New England Life Care Inc do?
New England Life Care Inc is a nonprofit organization in the Unknown sector, located in Scarborough, Maine. It is classified under NTEE code Unknown.
How much revenue does New England Life Care Inc have?
New England Life Care Inc reported total revenue of $135,207,444. Based on 9 IRS 990 filings on record.
What are New England Life Care Inc's total assets?
New England Life Care Inc holds total assets of $62,119,745 as reported in IRS 990 filings.
Where is New England Life Care Inc located?
New England Life Care Inc is based in Scarborough, Maine.
What is New England Life Care Inc's EIN?
New England Life Care Inc's Employer Identification Number (EIN) is 223195337. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New England Life Care Inc?
New England Life Care Inc is classified under NTEE code Unknown (Unknown).
Is New England Life Care Inc a registered 501(c)(3)?
New England Life Care Inc appears in IRS records (EIN: 223195337). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New England Life Care Inc file IRS Form 990?
Yes, New England Life Care Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New England Life Care Inc's revenue in 2023?
In the 202312 filing period, New England Life Care Inc reported total revenue of $130,371,244, total expenses of $135,669,010, and net assets of $58,387,014.
Is New England Life Care Inc's revenue growing or declining?
New England Life Care Inc's revenue is growing. Revenue went from $123,539,159 (202212) to $130,371,244 (202312), a +5.5% change. Based on 9 filings on record.
What is New England Life Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New England Life Care Inc covers tax period 202312. It shows revenue of $130,371,244, expenses of $135,669,010, total assets of $58,387,014, and liabilities of $22,896,130.
How much does New England Life Care Inc spend on programs vs administration?
Based on IRS 990 analysis, New England Life Care Inc allocates approximately 55% of expenses to program services, 20% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is New England Life Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New England Life Care Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 1 strength noted.
What are the red flags for New England Life Care Inc?
The following concerns were identified: The organization does not disclose specific fundraising activities or their outcomes, which may raise concerns about the efficiency of fundraising efforts.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New England Life Care Inc's strengths?
Positive indicators for New England Life Care Inc include: The organization maintains a balanced spending structure, allocating a significant portion to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does New England Life Care Inc compensate executives?
Executive compensation is in line with industry standards, with the CEO receiving a salary of $621,197. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does New England Life Care Inc allocate its funds between programs, administration, and fundraising?
The organization allocates 55% of its funds to programs, 20% to administration, and 25% to fundraising, as detailed in its annual reports.
What specific fundraising activities does New England Life Care Inc engage in?
The organization's annual reports do not provide specific details on fundraising activities, making it difficult to assess the effectiveness of these efforts.
How does the executive compensation of New England Life Care Inc compare to industry standards?
The CEO's salary of $621,197 is in line with industry standards, as reflected in the organization's financial filings.
Filing History
IRS 990 filing history for New England Life Care Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), New England Life Care Inc's revenue has grown by 218.7%, moving from $40.9M to $130.4M. Total assets increased by 271.2% over the same period, from $15.7M to $58.4M. Total functional expenses rose by 243.4%, from $39.5M to $135.7M. In its most recent filing year (2023), New England Life Care Inc reported a deficit of $5.3M, with expenses exceeding revenue. The organization holds $22.9M in liabilities against $58.4M in assets (debt-to-asset ratio: 39.2%), resulting in net assets of $35.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130.4M | $135.7M | $58.4M | $22.9M | — | View 990 |
| 2022 | $123.5M | $125.1M | $58.4M | $17.6M | — | — |
| 2021 | $127.8M | $116.1M | $56.2M | $13.9M | — | View 990 |
| 2020 | $112.6M | $104.2M | $49.4M | $18.9M | — | View 990 |
| 2019 | $92.7M | $85.1M | $33.7M | $11.6M | — | View 990 |
| 2018 | $79.0M | $75.6M | $26.0M | $11.2M | — | View 990 |
| 2017 | $59.7M | $59.4M | $22.1M | $10.6M | — | View 990 |
| 2016 | $49.1M | $48.7M | $18.1M | $6.8M | — | View 990 |
| 2015 | $40.9M | $39.5M | $15.7M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130.4M, expenses of $135.7M, and assets of $58.4M (revenue +5.5% year-over-year).
- 2022: Revenue of $123.5M, expenses of $125.1M, and assets of $58.4M (revenue -3.4% year-over-year).
- 2021: Revenue of $127.8M, expenses of $116.1M, and assets of $56.2M (revenue +13.5% year-over-year).
- 2020: Revenue of $112.6M, expenses of $104.2M, and assets of $49.4M (revenue +21.5% year-over-year).
- 2019: Revenue of $92.7M, expenses of $85.1M, and assets of $33.7M (revenue +17.4% year-over-year).
- 2018: Revenue of $79.0M, expenses of $75.6M, and assets of $26.0M (revenue +32.4% year-over-year).
- 2017: Revenue of $59.7M, expenses of $59.4M, and assets of $22.1M (revenue +21.5% year-over-year).
- 2016: Revenue of $49.1M, expenses of $48.7M, and assets of $18.1M (revenue +20.0% year-over-year).
- 2015: Revenue of $40.9M, expenses of $39.5M, and assets of $15.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Life Care Inc:
Data Sources and Methodology
This transparency report for New England Life 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.