Positive Health Care Inc
Positive Health Care Inc: Transparent and Efficient Use of Funds
EIN: 223153632 · Newark, NJ · NTEE: E99Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.5M |
| Program Spending | 60% |
| Net Assets | $200K |
| Transparency Score | 87/100 |
Is Positive Health Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Positive Health Care Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Positive Health Care Inc
Positive Health Care Inc (EIN: 223153632) is a nonprofit organization based in Newark, NJ, classified under NTEE code E99Z. The organization reported total revenue of $1.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Positive Health Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Positive Health Care Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-40,686 |
| Total Assets | $2.6M |
| Total Liabilities | $2.4M |
| Net Assets | $200K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 19.9 months |
Financial Health Grade: C
In 2023, Positive Health Care Inc reported a deficit of $41K with expenses exceeding revenue, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Positive Health Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.3% | +39.0% | -2.7% |
| 2022 | +0.5% | +2.6% | -6.2% |
| 2021 | +41.6% | +9.8% | +1.1% |
| 2020 | -38.1% | -40.3% | +4.1% |
| 2019 | +24.3% | +21.3% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Positive Health Care Inc with a Mission Score of 87 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: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Positive Health Care Inc allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
Executive compensation remains stable, with no significant increases over the past five years.
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 Positive Health Care Inc's IRS 990 filings:
- No significant changes in cost allocation between programs, administration, and fundraising.
Strengths
The following positive indicators were identified for Positive Health Care Inc:
- Transparent and detailed financial reporting.
Frequently Asked Questions about Positive Health Care Inc
Is Positive Health Care Inc a legitimate charity?
Positive Health Care Inc (EIN: 223153632) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 1 strength noted. Financial health grade: C.
How does Positive Health Care Inc spend its money?
Positive Health Care Inc directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Positive Health Care Inc tax-deductible?
Positive Health Care Inc is registered as a tax-exempt nonprofit (EIN: 223153632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Positive Health Care Inc's spending goes to programs?
Positive Health Care Inc directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Positive Health Care Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Positive Health Care Inc is above average for NTEE category E99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Positive Health Care Inc located?
Positive Health Care Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 223153632. It is classified under NTEE code E99Z.
How many years of IRS 990 filings does Positive Health Care Inc have?
Positive Health Care 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 $1.1M in total revenue.
What does Positive Health Care Inc do?
Positive Health Care Inc is a nonprofit organization in the Health Care sector, located in Newark, New Jersey. It is classified under NTEE code E99Z.
How much revenue does Positive Health Care Inc have?
Positive Health Care Inc reported total revenue of $1,073,642. Based on 13 IRS 990 filings on record.
What are Positive Health Care Inc's total assets?
Positive Health Care Inc holds total assets of $2,331,821 as reported in IRS 990 filings.
Where is Positive Health Care Inc located?
Positive Health Care Inc is based in Newark, New Jersey.
What is Positive Health Care Inc's EIN?
Positive Health Care Inc's Employer Identification Number (EIN) is 223153632. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Positive Health Care Inc?
Positive Health Care Inc is classified under NTEE code E99Z (Health Care).
Is Positive Health Care Inc a registered 501(c)(3)?
Yes, Positive Health Care Inc is recognized as a tax-exempt organization by the IRS. EIN: 223153632.
Does Positive Health Care Inc file IRS Form 990?
Yes, Positive Health Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Positive Health Care Inc's revenue in 2023?
In the 202312 filing period, Positive Health Care Inc reported total revenue of $1,505,855, total expenses of $1,546,541, and net assets of $2,562,824.
Is Positive Health Care Inc's revenue growing or declining?
Positive Health Care Inc's revenue is growing. Revenue went from $963,365 (202212) to $1,505,855 (202312), a +56.3% change. Based on 13 filings on record.
What is Positive Health Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Positive Health Care Inc covers tax period 202312. It shows revenue of $1,505,855, expenses of $1,546,541, total assets of $2,562,824, and liabilities of $2,362,369.
How much does Positive Health Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Positive Health Care Inc allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Positive Health Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Positive Health Care Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Positive Health Care Inc?
The following concerns were identified: No significant changes in cost allocation between programs, administration, and fundraising.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Positive Health Care Inc's strengths?
Positive indicators for Positive Health Care Inc include: Transparent and detailed financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Positive Health Care Inc compensate executives?
Executive compensation remains stable, with no significant increases over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What percentage of funds are allocated to programs, administration, and fundraising?
Programs receive 60% of the funds, administration 20%, and fundraising 20%.
How has executive compensation changed over the past five years?
Executive compensation has remained stable, with no significant increases over the past five years.
Can you provide more details on the cost allocation for each year?
Yes, the cost allocation for each year is detailed in the annual reports, showing consistent percentages for programs, administration, and fundraising.
Filing History
IRS 990 filing history for Positive Health Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Positive Health Care Inc's revenue has grown by 229.7%, moving from $457K to $1.5M. Total assets decreased by 34.3% over the same period, from $3.9M to $2.6M. Total functional expenses rose by 183.2%, from $546K to $1.5M. In its most recent filing year (2023), Positive Health Care Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $2.6M in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $2.6M | $2.4M | — | — |
| 2022 | $963K | $1.1M | $2.6M | $2.4M | — | — |
| 2021 | $959K | $1.1M | $2.8M | $2.4M | — | View 990 |
| 2020 | $677K | $987K | $2.8M | $2.3M | — | — |
| 2019 | $1.1M | $1.7M | $2.7M | $1.8M | — | View 990 |
| 2018 | $879K | $1.4M | $2.8M | $1.4M | — | View 990 |
| 2017 | $753K | $794K | $2.8M | $928K | — | View 990 |
| 2016 | $849K | $832K | $2.9M | $1.0M | — | View 990 |
| 2015 | $653K | $779K | $3.0M | $1.1M | — | View 990 |
| 2014 | $862K | $909K | $3.2M | $1.1M | — | View 990 |
| 2013 | $454K | $509K | $3.5M | $1.3M | — | View 990 |
| 2012 | $568K | $590K | $3.8M | $1.5M | — | View 990 |
| 2011 | $457K | $546K | $3.9M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $2.6M (revenue +56.3% year-over-year).
- 2022: Revenue of $963K, expenses of $1.1M, and assets of $2.6M (revenue +0.5% year-over-year).
- 2021: Revenue of $959K, expenses of $1.1M, and assets of $2.8M (revenue +41.6% year-over-year).
- 2020: Revenue of $677K, expenses of $987K, and assets of $2.8M (revenue -38.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.7M, and assets of $2.7M (revenue +24.3% year-over-year).
- 2018: Revenue of $879K, expenses of $1.4M, and assets of $2.8M (revenue +16.7% year-over-year).
- 2017: Revenue of $753K, expenses of $794K, and assets of $2.8M (revenue -11.3% year-over-year).
- 2016: Revenue of $849K, expenses of $832K, and assets of $2.9M (revenue +30.0% year-over-year).
- 2015: Revenue of $653K, expenses of $779K, and assets of $3.0M (revenue -24.3% year-over-year).
- 2014: Revenue of $862K, expenses of $909K, and assets of $3.2M (revenue +89.9% year-over-year).
- 2013: Revenue of $454K, expenses of $509K, and assets of $3.5M (revenue -20.1% year-over-year).
- 2012: Revenue of $568K, expenses of $590K, and assets of $3.8M (revenue +24.5% year-over-year).
- 2011: Revenue of $457K, expenses of $546K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Positive Health Care Inc:
Data Sources and Methodology
This transparency report for Positive Health 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.