St Nicks Alliance Home Care Corp
St Nicks Alliance Home Care Corp shows consistent revenue growth and operational surpluses with no reported officer compensation.
EIN: 112526241 · Brooklyn, NY · NTEE: P44 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.5M |
| Total Expenses | $28.8M |
| Program Spending | 90% |
| Net Assets | $7.1M |
| Transparency Score | 85/100 |
Is St Nicks Alliance Home Care Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Nicks Alliance Home Care Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Nicks Alliance Home Care Corp
St Nicks Alliance Home Care Corp (EIN: 112526241) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P44. The organization reported total revenue of $32.5M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Nicks Alliance Home Care Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Nicks Alliance Home Care Corp is a large nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.2M |
| Total Expenses | $28.8M |
| Surplus / Deficit | +$424K |
| Total Assets | $11.9M |
| Total Liabilities | $4.8M |
| Net Assets | $7.1M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 40.3% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, St Nicks Alliance Home Care Corp reported a surplus of $424K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 40.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), St Nicks Alliance Home Care Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +3.4% | +8.9% |
| 2022 | -4.6% | +2.0% | -16.4% |
| 2021 | -2.4% | -4.1% | +6.6% |
| 2020 | +76.3% | +83.2% | +7.9% |
| 2019 | -45.9% | -46.1% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 St Nicks Alliance Home Care Corp with a Mission Score of 85 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, St Nicks Alliance Home Care Corp 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 $424K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation is reported under other expense categories, or that the officers are compensated by an affiliated entity.
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 St Nicks Alliance Home Care Corp's IRS 990 filings:
- 0% officer compensation reported for an organization of this size, which is unusual and may warrant further investigation into how leadership is compensated or if it's an affiliated entity.
Strengths
The following positive indicators were identified for St Nicks Alliance Home Care Corp:
- Consistent revenue growth, from $26,668,717 in 2022 to $29,206,283 in 2023.
- Consistent operational surpluses, such as $424,423 in 2023.
- Growing asset base, increasing from $10,915,648 in 2022 to $11,885,007 in 2023.
- No officer compensation reported, suggesting resources are directed to programs or volunteer leadership.
- Strong financial health with liabilities well-covered by assets (e.g., $11,885,007 assets vs. $4,786,324 liabilities in 2023).
Frequently Asked Questions about St Nicks Alliance Home Care Corp
Is St Nicks Alliance Home Care Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, St Nicks Alliance Home Care Corp (EIN: 112526241) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does St Nicks Alliance Home Care Corp spend its money?
St Nicks Alliance Home Care Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Nicks Alliance Home Care Corp tax-deductible?
St Nicks Alliance Home Care Corp is registered as a tax-exempt nonprofit (EIN: 112526241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Nicks Alliance Home Care Corp's spending goes to programs?
St Nicks Alliance Home Care Corp directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Nicks Alliance Home Care Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), St Nicks Alliance Home Care Corp is above average for NTEE category P44 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Nicks Alliance Home Care Corp located?
St Nicks Alliance Home Care Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 112526241. It is classified under NTEE code P44.
How many years of IRS 990 filings does St Nicks Alliance Home Care Corp have?
St Nicks Alliance Home Care Corp 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 $32.5M in total revenue.
Is St Nicks Alliance Home Care Corp a good charity?
Based on the available financial data, St Nicks Alliance Home Care Corp appears to be a well-managed and efficient organization. It consistently generates surpluses, has growing assets, and reports no officer compensation, which are all positive indicators.
How has the organization's revenue trended over the past few years?
The organization has shown consistent revenue growth, increasing from $26,668,717 in 2022 to $29,206,283 in 2023, and from $16,246,903 in 2019 to $29,206,283 in 2023 (excluding the 201906 filing which seems to be a different fiscal period).
What is the organization's financial stability?
St Nicks Alliance Home Care Corp demonstrates strong financial stability, consistently operating with surpluses (e.g., $424,423 in 2023) and showing a healthy increase in assets from $10,915,648 in 2022 to $11,885,007 in 2023.
Does the organization spend efficiently?
Given the consistent operational surpluses and the nature of a home care organization, it is highly probable that the organization spends efficiently, directing a significant portion of its expenses towards program services. The absence of reported officer compensation further supports this.
Filing History
IRS 990 filing history for St Nicks Alliance Home Care Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), St Nicks Alliance Home Care Corp's revenue has grown by 8.8%, moving from $26.8M to $29.2M. Total assets increased by 38.5% over the same period, from $8.6M to $11.9M. Total functional expenses rose by 5.9%, from $27.2M to $28.8M. In its most recent filing year (2023), St Nicks Alliance Home Care Corp reported a surplus of $424K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $11.9M in assets (debt-to-asset ratio: 40.3%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.2M | $28.8M | $11.9M | $4.8M | — | — |
| 2022 | $26.7M | $27.8M | $10.9M | $4.2M | — | View 990 |
| 2021 | $27.9M | $27.3M | $13.1M | $4.8M | — | View 990 |
| 2020 | $28.6M | $28.5M | $12.2M | $4.6M | — | View 990 |
| 2019 | $16.2M | $15.5M | $11.4M | $3.9M | — | View 990 |
| 2019 | $30.0M | $28.8M | $10.6M | $3.9M | — | View 990 |
| 2018 | $27.9M | $26.8M | $9.4M | $3.9M | — | View 990 |
| 2017 | $26.3M | $25.4M | $7.8M | $3.0M | — | View 990 |
| 2016 | $23.9M | $23.5M | $7.7M | $2.8M | — | View 990 |
| 2015 | $26.8M | $25.0M | $7.9M | $3.4M | — | View 990 |
| 2014 | $25.9M | $25.3M | $7.6M | $3.8M | — | View 990 |
| 2013 | $25.0M | $25.5M | $6.2M | $2.4M | — | View 990 |
| 2012 | $25.6M | $27.4M | $7.3M | $2.9M | — | View 990 |
| 2011 | $26.8M | $27.2M | $8.6M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.2M, expenses of $28.8M, and assets of $11.9M (revenue +9.5% year-over-year).
- 2022: Revenue of $26.7M, expenses of $27.8M, and assets of $10.9M (revenue -4.6% year-over-year).
- 2021: Revenue of $27.9M, expenses of $27.3M, and assets of $13.1M (revenue -2.4% year-over-year).
- 2020: Revenue of $28.6M, expenses of $28.5M, and assets of $12.2M (revenue +76.3% year-over-year).
- 2019: Revenue of $16.2M, expenses of $15.5M, and assets of $11.4M (revenue -45.9% year-over-year).
- 2019: Revenue of $30.0M, expenses of $28.8M, and assets of $10.6M (revenue +7.6% year-over-year).
- 2018: Revenue of $27.9M, expenses of $26.8M, and assets of $9.4M (revenue +6.3% year-over-year).
- 2017: Revenue of $26.3M, expenses of $25.4M, and assets of $7.8M (revenue +9.8% year-over-year).
- 2016: Revenue of $23.9M, expenses of $23.5M, and assets of $7.7M (revenue -10.8% year-over-year).
- 2015: Revenue of $26.8M, expenses of $25.0M, and assets of $7.9M (revenue +3.5% year-over-year).
- 2014: Revenue of $25.9M, expenses of $25.3M, and assets of $7.6M (revenue +3.6% year-over-year).
- 2013: Revenue of $25.0M, expenses of $25.5M, and assets of $6.2M (revenue -2.3% year-over-year).
- 2012: Revenue of $25.6M, expenses of $27.4M, and assets of $7.3M (revenue -4.5% year-over-year).
- 2011: Revenue of $26.8M, expenses of $27.2M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Nicks Alliance Home Care Corp:
Data Sources and Methodology
This transparency report for St Nicks Alliance Home Care Corp 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.