The Carolinas Foundation For Hospice And Home Care
EIN: 562127943 · Raleigh, NC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $519K |
| Total Expenses | $91K |
| Net Assets | $20K |
Is The Carolinas Foundation For Hospice And Home Care Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Carolinas Foundation For Hospice And Home Care
The Carolinas Foundation For Hospice And Home Care (EIN: 562127943) is a nonprofit organization based in Raleigh, NC, classified under NTEE code P20. The organization reported total revenue of $519K and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Carolinas Foundation For Hospice And Home Care's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Carolinas Foundation For Hospice And Home Care is a small nonprofit that has been operating for 27 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -23.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $91K |
| Surplus / Deficit | $-33,110 |
| Total Assets | $33K |
| Total Liabilities | $13K |
| Net Assets | $20K |
| Operating Margin | -57.0% |
| Debt-to-Asset Ratio | 39.4% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, The Carolinas Foundation For Hospice And Home Care reported a deficit of $33K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 39.4% (moderate leverage).
Financial Trends
Over 4 years of filings (2019–2023), The Carolinas Foundation For Hospice And Home Care's revenue has declined at a compound annual growth rate (CAGR) of -23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.0% | -80.4% | -80.5% |
| 2021 | +216.4% | +279.4% | +16.6% |
| 2020 | -10.1% | +48.2% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Carolinas Foundation For Hospice And Home Care has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Carolinas Foundation For Hospice And Home Care with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.4%.
Frequently Asked Questions about The Carolinas Foundation For Hospice And Home Care
Is The Carolinas Foundation For Hospice And Home Care a legitimate charity?
The Carolinas Foundation For Hospice And Home Care (EIN: 562127943) is a registered tax-exempt nonprofit based in North Carolina. It has 4 years of IRS 990 filings on record. Total revenue: $519K. No red flags identified. Financial health grade: B.
How does The Carolinas Foundation For Hospice And Home Care spend its money?
The Carolinas Foundation For Hospice And Home Care reported $519K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Carolinas Foundation For Hospice And Home Care tax-deductible?
The Carolinas Foundation For Hospice And Home Care is registered as a tax-exempt nonprofit (EIN: 562127943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Carolinas Foundation For Hospice And Home Care located?
The Carolinas Foundation For Hospice And Home Care is headquartered in Raleigh, North Carolina and files with the IRS under EIN 562127943. It is classified under NTEE code P20.
How many years of IRS 990 filings does The Carolinas Foundation For Hospice And Home Care have?
The Carolinas Foundation For Hospice And Home Care has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $519K in total revenue.
Filing History
IRS 990 filing history for The Carolinas Foundation For Hospice And Home Care showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), The Carolinas Foundation For Hospice And Home Care's revenue has declined by 65.8%, moving from $170K to $58K. Total assets decreased by 75% over the same period, from $131K to $33K. Total functional expenses rose by 10.2%, from $83K to $91K. In its most recent filing year (2023), The Carolinas Foundation For Hospice And Home Care reported a deficit of $33K, with expenses exceeding revenue. The organization holds $13K in liabilities against $33K in assets (debt-to-asset ratio: 39.4%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $91K | $33K | $13K | — | View 990 |
| 2021 | $483K | $465K | $168K | $25K | — | View 990 |
| 2020 | $153K | $123K | $144K | $19K | — | View 990 |
| 2019 | $170K | $83K | $131K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $91K, and assets of $33K (revenue -88.0% year-over-year).
- 2021: Revenue of $483K, expenses of $465K, and assets of $168K (revenue +216.4% year-over-year).
- 2020: Revenue of $153K, expenses of $123K, and assets of $144K (revenue -10.1% year-over-year).
- 2019: Revenue of $170K, expenses of $83K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Carolinas Foundation For Hospice And Home Care:
Data Sources and Methodology
This transparency report for The Carolinas Foundation For Hospice And Home Care 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.