Sterling Home Care Inc
Sterling Home Care Inc. consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 133890611 · Rye, NY · NTEE: P70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.4M |
| Total Expenses | $20.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18 |
| Net Assets | $5.9M |
| Transparency Score | 90/100 |
Is Sterling Home Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sterling Home Care Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sterling Home Care Inc
Sterling Home Care Inc (EIN: 133890611) is a nonprofit organization based in Rye, NY, classified under NTEE code P70Z. The organization reported total revenue of $20.4M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sterling Home Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sterling Home Care Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $20.5M |
| Surplus / Deficit | $-627,352 |
| Total Assets | $7.1M |
| Total Liabilities | $1.2M |
| Net Assets | $5.9M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 17.5% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Sterling Home Care Inc reported a deficit of $627K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 17.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sterling Home Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | +12.1% | +0.9% |
| 2022 | -0.4% | -1.3% | -7.6% |
| 2021 | -3.9% | -9.2% | -12.1% |
| 2020 | -1.2% | +7.5% | -8.5% |
| 2019 | +3.2% | +6.8% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Sterling Home Care Inc with a Mission Score of 90 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, Sterling Home Care 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 deficit of $627K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available IRS 990 filings, which is highly unusual for an organization with annual revenues exceeding $18 million. This suggests either a volunteer-led executive team or that compensation is structured in a way that is not reported as 'officer compensation' on the 990, though the former is more likely given the consistent reporting.
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 Sterling Home Care Inc's IRS 990 filings:
- Occasional operational deficits where expenses exceed revenue (e.g., $20,503,024 expenses vs. $19,875,672 revenue in 2023)
- Unusually low or 0% reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Sterling Home Care Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high dedication to mission.
- Strong and consistent revenue generation, typically in the $18-20 million range.
- Healthy asset base, providing financial stability and resilience (e.g., $7,092,898 in assets in 2023).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Sterling Home Care Inc
Is Sterling Home Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sterling Home Care Inc (EIN: 133890611) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Sterling Home Care Inc spend its money?
Sterling Home Care Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sterling Home Care Inc tax-deductible?
Sterling Home Care Inc is registered as a tax-exempt nonprofit (EIN: 133890611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sterling Home Care Inc CEO make?
Sterling Home Care Inc's highest-compensated officer earns $18 annually. The organization reported $20.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sterling Home Care Inc's spending goes to programs?
Sterling Home Care Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sterling Home Care Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sterling Home Care Inc is above average for NTEE category P70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sterling Home Care Inc located?
Sterling Home Care Inc is headquartered in Rye, New York and files with the IRS under EIN 133890611. It is classified under NTEE code P70Z.
How many years of IRS 990 filings does Sterling Home Care Inc have?
Sterling Home 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 $20.4M in total revenue.
Is Sterling Home Care Inc. a good charity?
Based on the available data, Sterling Home Care Inc. appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial health is generally stable, with a solid asset base.
How does Sterling Home Care Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive roles are compensated through other means not categorized as 'officer compensation' on the IRS 990. This is a significant indicator of dedication to its mission.
What is the trend in Sterling Home Care Inc.'s financial performance?
Sterling Home Care Inc. has shown consistent revenue generation, generally between $18 million and $20 million annually. While there have been periods where expenses slightly exceeded revenue (e.g., 2023 and 2020), the organization maintains a strong asset base, indicating overall financial stability.
Are there any concerns regarding Sterling Home Care Inc.'s financial stability?
While the organization has experienced occasional operational deficits where expenses surpassed revenue, its substantial asset base (e.g., $7,092,898 in 2023) provides a buffer. The long-term trend shows consistent revenue, mitigating significant stability concerns.
Filing History
IRS 990 filing history for Sterling Home Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sterling Home Care Inc's revenue has grown by 127.1%, moving from $8.8M to $19.9M. Total assets increased by 216.8% over the same period, from $2.2M to $7.1M. Total functional expenses rose by 149.9%, from $8.2M to $20.5M. In its most recent filing year (2023), Sterling Home Care Inc reported a deficit of $627K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $7.1M in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $20.5M | $7.1M | $1.2M | — | — |
| 2022 | $18.4M | $18.3M | $7.0M | $528K | — | — |
| 2021 | $18.5M | $18.5M | $7.6M | $1.2M | — | View 990 |
| 2020 | $19.2M | $20.4M | $8.7M | $2.2M | — | — |
| 2019 | $19.4M | $19.0M | $9.5M | $1.8M | — | View 990 |
| 2018 | $18.8M | $17.8M | $8.3M | $1.1M | — | View 990 |
| 2017 | $19.4M | $18.2M | $6.8M | $973K | — | View 990 |
| 2016 | $16.7M | $17.0M | $5.4M | $950K | — | View 990 |
| 2015 | $13.8M | $13.2M | $5.8M | $767K | — | View 990 |
| 2014 | $11.7M | $10.4M | $4.6M | $239K | — | View 990 |
| 2013 | $9.7M | $8.7M | $5.8M | $254K | — | View 990 |
| 2012 | $10.1M | $8.8M | $2.9M | $157K | — | View 990 |
| 2011 | $8.8M | $8.2M | $2.2M | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $20.5M, and assets of $7.1M (revenue +8.1% year-over-year).
- 2022: Revenue of $18.4M, expenses of $18.3M, and assets of $7.0M (revenue -0.4% year-over-year).
- 2021: Revenue of $18.5M, expenses of $18.5M, and assets of $7.6M (revenue -3.9% year-over-year).
- 2020: Revenue of $19.2M, expenses of $20.4M, and assets of $8.7M (revenue -1.2% year-over-year).
- 2019: Revenue of $19.4M, expenses of $19.0M, and assets of $9.5M (revenue +3.2% year-over-year).
- 2018: Revenue of $18.8M, expenses of $17.8M, and assets of $8.3M (revenue -3.0% year-over-year).
- 2017: Revenue of $19.4M, expenses of $18.2M, and assets of $6.8M (revenue +16.6% year-over-year).
- 2016: Revenue of $16.7M, expenses of $17.0M, and assets of $5.4M (revenue +20.4% year-over-year).
- 2015: Revenue of $13.8M, expenses of $13.2M, and assets of $5.8M (revenue +18.2% year-over-year).
- 2014: Revenue of $11.7M, expenses of $10.4M, and assets of $4.6M (revenue +20.6% year-over-year).
- 2013: Revenue of $9.7M, expenses of $8.7M, and assets of $5.8M (revenue -3.5% year-over-year).
- 2012: Revenue of $10.1M, expenses of $8.8M, and assets of $2.9M (revenue +14.9% year-over-year).
- 2011: Revenue of $8.8M, expenses of $8.2M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sterling Home Care Inc:
Data Sources and Methodology
This transparency report for Sterling Home 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.