Prime Care Inc
Prime Care Inc: Modest Revenue, Consistent Assets, and Transparency Gaps
EIN: 222759566 · Morristown, NJ · NTEE: E92Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is Prime Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prime Care Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Prime Care Inc
Prime Care Inc (EIN: 222759566) is a nonprofit organization based in Morristown, NJ, classified under NTEE code E92Z. The organization reported total revenue of $251K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prime Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prime Care Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -23.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $0 |
| Surplus / Deficit | +$188K |
| Total Assets | $2.6M |
| Total Liabilities | $925K |
| Net Assets | $1.7M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 35.2% |
Financial Health Grade: A
In 2023, Prime Care Inc reported a surplus of $188K with revenue exceeding expenses, has a debt-to-asset ratio of 35.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Prime Care Inc's revenue has declined at a compound annual growth rate (CAGR) of -23.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.7% | — | +7.7% |
| 2022 | +1303.1% | — | +15.2% |
| 2021 | -75.4% | — | +1.1% |
| 2020 | -18.7% | — | +4.7% |
| 2019 | -53.7% | -100.0% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Prime Care Inc with a Mission Score of 65 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: 70%
- fundraising: 10%
According to IRS 990 filings, Prime Care Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 35.2%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, making a direct assessment impossible without further filings.
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 Prime Care Inc's IRS 990 filings:
- Lack of specific executive compensation data in provided filings.
- Limited public information regarding program impact and detailed spending allocation beyond general categories.
Strengths
The following positive indicators were identified for Prime Care Inc:
- Consistent asset growth over several years, from $1,495,008 in 2016 to $2,881,317 in 2023.
- Stable liability levels around $925,328 across multiple years, indicating consistent financial management.
- Positive net assets, growing from $569,700 in 2016 to $1,955,989 in 2023.
Frequently Asked Questions about Prime Care Inc
Is Prime Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prime Care Inc (EIN: 222759566) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Prime Care Inc spend its money?
Prime Care Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prime Care Inc tax-deductible?
Prime Care Inc is registered as a tax-exempt nonprofit (EIN: 222759566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Prime Care Inc's spending goes to programs?
Prime Care Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Prime Care Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Prime Care Inc is above average for NTEE category E92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prime Care Inc located?
Prime Care Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 222759566. It is classified under NTEE code E92Z.
How many years of IRS 990 filings does Prime Care Inc have?
Prime 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 $251K in total revenue.
What does Prime Care Inc do?
Prime Care Inc is a nonprofit organization in the Health Care sector, located in Morristown, New Jersey. It is classified under NTEE code E92Z.
How much revenue does Prime Care Inc have?
Prime Care Inc reported total revenue of $250,859. Based on 13 IRS 990 filings on record.
What are Prime Care Inc's total assets?
Prime Care Inc holds total assets of $2,881,317 as reported in IRS 990 filings.
Where is Prime Care Inc located?
Prime Care Inc is based in Morristown, New Jersey.
What is Prime Care Inc's EIN?
Prime Care Inc's Employer Identification Number (EIN) is 222759566. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Prime Care Inc?
Prime Care Inc is classified under NTEE code E92Z (Health Care).
Is Prime Care Inc a registered 501(c)(3)?
Yes, Prime Care Inc is recognized as a tax-exempt organization by the IRS. EIN: 222759566.
Does Prime Care Inc file IRS Form 990?
Yes, Prime Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Prime Care Inc's revenue in 2023?
In the 202312 filing period, Prime Care Inc reported total revenue of $188,020, total expenses of N/A, and net assets of $2,630,458.
Is Prime Care Inc's revenue growing or declining?
Prime Care Inc's revenue is declining. Revenue went from $322,495 (202212) to $188,020 (202312), a -41.7% change. Based on 13 filings on record.
What is Prime Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Prime Care Inc covers tax period 202312. It shows revenue of $188,020, expenses of N/A, total assets of $2,630,458, and liabilities of $925,328.
How much does Prime Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Prime Care Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Prime Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Prime Care Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Prime Care Inc?
The following concerns were identified: Lack of specific executive compensation data in provided filings.. Limited public information regarding program impact and detailed spending allocation beyond general categories.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Prime Care Inc's strengths?
Positive indicators for Prime Care Inc include: Consistent asset growth over several years, from $1,495,008 in 2016 to $2,881,317 in 2023.. Stable liability levels around $925,328 across multiple years, indicating consistent financial management.. Positive net assets, growing from $569,700 in 2016 to $1,955,989 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Prime Care Inc compensate executives?
Executive compensation is not disclosed in the provided data, making a direct assessment impossible without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent liabilities of $925,328 across all reported years, what is the nature of these liabilities and why have they remained so static?
The consistent liability figure suggests a long-term, fixed obligation, such as a mortgage or a significant long-term loan, that has not been significantly paid down or increased over the reported period.
Despite fluctuating revenues, Prime Care Inc. has shown consistent asset growth. What factors likely contribute to this sustained asset accumulation?
Asset growth, despite revenue fluctuations, could be driven by strategic investments, unrealized gains on existing assets, or a conservative spending approach that allows for retained earnings to build up over time.
Filing History
IRS 990 filing history for Prime Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Prime Care Inc's revenue has declined by 95.8%, moving from $4.5M to $188K. Total assets decreased by 4.4% over the same period, from $2.8M to $2.6M. Total functional expenses fell by 100%, from $5.3M to $0. The organization holds $925K in liabilities against $2.6M in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $0 | $2.6M | $925K | — | — |
| 2022 | $322K | $0 | $2.4M | $925K | — | View 990 |
| 2021 | $23K | $0 | $2.1M | $925K | — | View 990 |
| 2020 | $93K | $0 | $2.1M | $925K | — | View 990 |
| 2019 | $115K | $0 | $2.0M | $925K | — | View 990 |
| 2018 | $248K | $10K | $1.9M | $925K | — | View 990 |
| 2017 | $155K | $0 | $1.7M | $925K | — | View 990 |
| 2016 | $168K | $0 | $1.5M | $925K | — | View 990 |
| 2015 | $229K | $-29,266 | $1.7M | $1.3M | — | View 990 |
| 2014 | $68K | $739 | $1.5M | $2.0M | — | View 990 |
| 2013 | $92 | $7K | $1.4M | $2.0M | — | View 990 |
| 2012 | $262K | $471K | $1.9M | $2.0M | — | View 990 |
| 2011 | $4.5M | $5.3M | $2.8M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $0, and assets of $2.6M (revenue -41.7% year-over-year).
- 2022: Revenue of $322K, expenses of $0, and assets of $2.4M (revenue +1303.1% year-over-year).
- 2021: Revenue of $23K, expenses of $0, and assets of $2.1M (revenue -75.4% year-over-year).
- 2020: Revenue of $93K, expenses of $0, and assets of $2.1M (revenue -18.7% year-over-year).
- 2019: Revenue of $115K, expenses of $0, and assets of $2.0M (revenue -53.7% year-over-year).
- 2018: Revenue of $248K, expenses of $10K, and assets of $1.9M (revenue +59.8% year-over-year).
- 2017: Revenue of $155K, expenses of $0, and assets of $1.7M (revenue -7.7% year-over-year).
- 2016: Revenue of $168K, expenses of $0, and assets of $1.5M (revenue -26.4% year-over-year).
- 2015: Revenue of $229K, expenses of $-29,266, and assets of $1.7M (revenue +234.5% year-over-year).
- 2014: Revenue of $68K, expenses of $739, and assets of $1.5M (revenue +74279.3% year-over-year).
- 2013: Revenue of $92, expenses of $7K, and assets of $1.4M (revenue -100.0% year-over-year).
- 2012: Revenue of $262K, expenses of $471K, and assets of $1.9M (revenue -94.1% year-over-year).
- 2011: Revenue of $4.5M, expenses of $5.3M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prime Care Inc:
Data Sources and Methodology
This transparency report for Prime 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.