Startcare Inc
Startcare Inc. faces recent operating deficits despite substantial revenue and zero reported officer compensation.
EIN: 132642451 · Brooklyn, NY · NTEE: F22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52.3M |
| Total Expenses | $17.7M |
| Program Spending | 80% |
| Net Assets | $31.8M |
| Transparency Score | 75/100 |
Is Startcare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Startcare Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Startcare Inc
Startcare Inc (EIN: 132642451) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code F22. The organization reported total revenue of $52.3M and total assets of $45.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Startcare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Startcare Inc is a major nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.1M |
| Total Expenses | $17.7M |
| Surplus / Deficit | $-1,600,158 |
| Total Assets | $50.6M |
| Total Liabilities | $18.8M |
| Net Assets | $31.8M |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 34.4 months |
Financial Health Grade: B
In 2023, Startcare Inc reported a deficit of $1.6M with expenses exceeding revenue, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Startcare Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.0% | -44.6% | -7.2% |
| 2022 | -30.3% | +9.9% | -18.6% |
| 2021 | +19.3% | -3.9% | +3.2% |
| 2020 | -24.2% | +6.5% | -3.0% |
| 2019 | +23.8% | -1.1% | +38.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2020 |
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 Startcare 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Startcare Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Startcare Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, and suggests a strong dedication to mission-focused spending.
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 Startcare Inc's IRS 990 filings:
- Consistent operating deficits in recent periods (e.g., 202306 and 202212 filings show expenses exceeding revenue).
- Significant increase in liabilities over the past decade, from $3.1M in 2014 to $18.8M in 2023.
- Unusually low or zero reported officer compensation for an organization of this scale, which may warrant further inquiry into compensation practices.
Strengths
The following positive indicators were identified for Startcare Inc:
- Consistent and substantial revenue generation, often exceeding $20 million annually.
- Strong asset base, with assets consistently above $45 million in recent years.
- Long history of IRS 990 filings (13 filings), indicating regulatory compliance and transparency.
- Zero reported officer compensation suggests a strong commitment to directing funds towards programmatic activities.
Frequently Asked Questions about Startcare Inc
Is Startcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Startcare Inc (EIN: 132642451) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Startcare Inc spend its money?
Startcare Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Startcare Inc tax-deductible?
Startcare Inc is registered as a tax-exempt nonprofit (EIN: 132642451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Startcare Inc's spending goes to programs?
Startcare Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Startcare Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Startcare Inc is above average for NTEE category F22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Startcare Inc located?
Startcare Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 132642451. It is classified under NTEE code F22.
How many years of IRS 990 filings does Startcare Inc have?
Startcare 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 $52.3M in total revenue.
Is Startcare Inc. financially stable given recent operating deficits?
While Startcare Inc. has substantial assets ($50,618,691 in 202306), recent filings show expenses exceeding revenue (e.g., $17,654,806 expenses vs. $16,054,648 revenue in 202306), indicating a reliance on reserves. This trend, if continued, could impact long-term financial stability.
What is the reason for 0% officer compensation?
The filings consistently report 0% officer compensation. This could mean officers are volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique compensation structure. Further investigation into their governance and compensation policies would be needed.
How has Startcare Inc.'s asset base changed over time?
Startcare Inc.'s assets have grown significantly over the years, from $20,862,209 in 201412 to a peak of $66,996,280 in 202112, before declining to $50,618,691 in 202306. This indicates a strong historical financial position, though the recent decline warrants attention.
What is the trend in Startcare Inc.'s liabilities?
Startcare Inc.'s liabilities have shown a significant upward trend, increasing from $3,178,984 in 201412 to $18,828,537 in 202306. This increase in liabilities relative to assets should be monitored to ensure a healthy financial leverage ratio.
Filing History
IRS 990 filing history for Startcare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Startcare Inc's revenue has declined by 26.5%, moving from $21.8M to $16.1M. Total assets increased by 280% over the same period, from $13.3M to $50.6M. Total functional expenses fell by 20.8%, from $22.3M to $17.7M. In its most recent filing year (2023), Startcare Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $18.8M in liabilities against $50.6M in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $31.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.1M | $17.7M | $50.6M | $18.8M | — | — |
| 2022 | $22.0M | $31.9M | $54.5M | $21.3M | — | View 990 |
| 2021 | $31.6M | $29.0M | $67.0M | $23.3M | — | View 990 |
| 2020 | $26.5M | $30.2M | $64.9M | $24.0M | — | View 990 |
| 2019 | $34.9M | $28.3M | $67.0M | $22.5M | — | View 990 |
| 2018 | $28.2M | $28.6M | $48.3M | $10.7M | — | View 990 |
| 2017 | $27.3M | $29.0M | $22.9M | $2.3M | — | View 990 |
| 2016 | $26.7M | $27.3M | $24.5M | $2.1M | — | View 990 |
| 2015 | $28.7M | $24.2M | $24.0M | $1.9M | — | View 990 |
| 2014 | $24.7M | $20.9M | $20.9M | $3.2M | — | View 990 |
| 2013 | $22.9M | $20.6M | $19.6M | $5.8M | — | View 990 |
| 2012 | $22.9M | $21.0M | $17.8M | $6.2M | — | View 990 |
| 2011 | $21.8M | $22.3M | $13.3M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.1M, expenses of $17.7M, and assets of $50.6M (revenue -27.0% year-over-year).
- 2022: Revenue of $22.0M, expenses of $31.9M, and assets of $54.5M (revenue -30.3% year-over-year).
- 2021: Revenue of $31.6M, expenses of $29.0M, and assets of $67.0M (revenue +19.3% year-over-year).
- 2020: Revenue of $26.5M, expenses of $30.2M, and assets of $64.9M (revenue -24.2% year-over-year).
- 2019: Revenue of $34.9M, expenses of $28.3M, and assets of $67.0M (revenue +23.8% year-over-year).
- 2018: Revenue of $28.2M, expenses of $28.6M, and assets of $48.3M (revenue +3.5% year-over-year).
- 2017: Revenue of $27.3M, expenses of $29.0M, and assets of $22.9M (revenue +2.1% year-over-year).
- 2016: Revenue of $26.7M, expenses of $27.3M, and assets of $24.5M (revenue -6.9% year-over-year).
- 2015: Revenue of $28.7M, expenses of $24.2M, and assets of $24.0M (revenue +16.1% year-over-year).
- 2014: Revenue of $24.7M, expenses of $20.9M, and assets of $20.9M (revenue +8.1% year-over-year).
- 2013: Revenue of $22.9M, expenses of $20.6M, and assets of $19.6M (revenue +-0.0% year-over-year).
- 2012: Revenue of $22.9M, expenses of $21.0M, and assets of $17.8M (revenue +4.7% year-over-year).
- 2011: Revenue of $21.8M, expenses of $22.3M, and assets of $13.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Startcare Inc:
Data Sources and Methodology
This transparency report for Startcare 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.