Precious Care Group Inc
Precious Care Group Inc shows strong revenue growth and zero officer compensation in recent filings.
EIN: 208601943 · Detroit, MI · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $978K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $684K |
| Transparency Score | 92/100 |
Is Precious Care Group Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Precious Care Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Precious Care Group Inc
Precious Care Group Inc (EIN: 208601943) is a nonprofit organization based in Detroit, MI, classified under NTEE code P82. The organization reported total revenue of $1.2M and total assets of $902K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Precious Care Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Precious Care Group Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $978K |
| Surplus / Deficit | +$224K |
| Total Assets | $902K |
| Total Liabilities | $219K |
| Net Assets | $684K |
| Operating Margin | 18.6% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Precious Care Group Inc reported a surplus of $224K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Precious Care Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.1% | +26.3% | +30.5% |
| 2022 | -5.5% | +10.4% | +12.6% |
| 2021 | +27.0% | +16.4% | +48.2% |
| 2020 | +31.5% | +12.4% | +409.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Precious Care Group Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Precious Care Group Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $224K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.3%.
Executive Compensation Analysis
Precious Care Group Inc consistently reports 0% officer compensation across all available filings, which is highly commendable for an organization of its size with over $1.2 million in annual revenue. This indicates a strong commitment to directing financial resources towards its mission rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Precious Care Group Inc:
- Strong and consistent revenue growth, increasing from $199,173 in 2014 to $1,201,858 in 2023.
- Zero reported officer compensation across all 13 available filings, indicating high efficiency and mission focus.
- Significant asset growth from $40,243 in 2014 to $902,374 in 2023, demonstrating financial stability and capacity.
- Positive net income in recent years, with revenue exceeding expenses (e.g., $1,201,858 revenue vs. $978,257 expenses in 2023).
- Consistent filing history (13 filings), suggesting good transparency and compliance.
Frequently Asked Questions about Precious Care Group Inc
Is Precious Care Group Inc a legitimate charity?
Precious Care Group Inc (EIN: 208601943) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Precious Care Group Inc spend its money?
Precious Care Group Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Precious Care Group Inc tax-deductible?
Precious Care Group Inc is registered as a tax-exempt nonprofit (EIN: 208601943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Precious Care Group Inc CEO make?
Precious Care Group Inc's highest-compensated officer earns $1.2 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Precious Care Group Inc's spending goes to programs?
Precious Care Group Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Precious Care Group Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Precious Care Group Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Precious Care Group Inc located?
Precious Care Group Inc is headquartered in Detroit, Michigan and files with the IRS under EIN 208601943. It is classified under NTEE code P82.
How many years of IRS 990 filings does Precious Care Group Inc have?
Precious Care Group 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 $1.2M in total revenue.
Is Precious Care Group Inc a good charity?
Based on the provided data, Precious Care Group Inc appears to be a good charity. It demonstrates strong financial growth, consistent revenue generation, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation across all filings. Its assets have grown significantly, indicating financial stability and capacity.
How has Precious Care Group Inc's revenue changed over time?
Precious Care Group Inc has experienced significant revenue growth, increasing from $199,173 in 2014 to $1,201,858 in 2023. This represents a substantial and consistent upward trend, particularly notable in the last five years, where revenue more than doubled from $539,733 in 2019 to over $1.2 million in 2023.
What is the organization's financial stability?
The organization shows strong financial stability. Its assets have grown from $40,243 in 2014 to $902,374 in 2023, significantly outpacing liabilities which were $218,862 in 2023. This indicates a healthy balance sheet and increasing capacity to sustain its operations.
Does Precious Care Group Inc pay its executives?
No, based on the provided IRS 990 data, Precious Care Group Inc consistently reports 0% officer compensation across all 13 available filings, including the latest period ending 202312.
Filing History
IRS 990 filing history for Precious Care Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Precious Care Group Inc's revenue has grown by 838.3%, moving from $128K to $1.2M. Total assets increased by 6107.4% over the same period, from $15K to $902K. Total functional expenses rose by 632.9%, from $133K to $978K. In its most recent filing year (2023), Precious Care Group Inc reported a surplus of $224K, with revenue exceeding expenses. The organization holds $219K in liabilities against $902K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $684K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $978K | $902K | $219K | — | — |
| 2022 | $851K | $774K | $691K | $231K | — | View 990 |
| 2021 | $901K | $701K | $614K | $231K | — | — |
| 2020 | $710K | $603K | $414K | $231K | — | View 990 |
| 2019 | $540K | $536K | $81K | $18K | — | View 990 |
| 2018 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $419K | $407K | $79K | $10K | — | View 990 |
| 2016 | $348K | $319K | $69K | $12K | — | View 990 |
| 2015 | $261K | $260K | $41K | $12K | — | View 990 |
| 2014 | $199K | $187K | $40K | $12K | — | View 990 |
| 2013 | $140K | $135K | $28K | $12K | — | View 990 |
| 2012 | $132K | $130K | $27K | $18K | — | View 990 |
| 2011 | $128K | $133K | $15K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $978K, and assets of $902K (revenue +41.1% year-over-year).
- 2022: Revenue of $851K, expenses of $774K, and assets of $691K (revenue -5.5% year-over-year).
- 2021: Revenue of $901K, expenses of $701K, and assets of $614K (revenue +27.0% year-over-year).
- 2020: Revenue of $710K, expenses of $603K, and assets of $414K (revenue +31.5% year-over-year).
- 2019: Revenue of $540K, expenses of $536K, and assets of $81K.
- 2018: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2017: Revenue of $419K, expenses of $407K, and assets of $79K (revenue +20.4% year-over-year).
- 2016: Revenue of $348K, expenses of $319K, and assets of $69K (revenue +33.1% year-over-year).
- 2015: Revenue of $261K, expenses of $260K, and assets of $41K (revenue +31.1% year-over-year).
- 2014: Revenue of $199K, expenses of $187K, and assets of $40K (revenue +41.9% year-over-year).
- 2013: Revenue of $140K, expenses of $135K, and assets of $28K (revenue +6.4% year-over-year).
- 2012: Revenue of $132K, expenses of $130K, and assets of $27K (revenue +2.9% year-over-year).
- 2011: Revenue of $128K, expenses of $133K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Precious Care Group Inc:
Data Sources and Methodology
This transparency report for Precious Care Group 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.