Ucare Health Inc
Ucare Health Inc. consistently operates near break-even with significant revenue growth and no reported officer compensation.
EIN: 208295948 · Minneapolis, MN · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52.4M |
| Total Expenses | $48.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $46 |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Ucare Health Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ucare Health Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ucare Health Inc
Ucare Health Inc (EIN: 208295948) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code E99. The organization reported total revenue of $52.4M and total assets of $40.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ucare Health Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ucare Health Inc is a major nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 45.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.9M |
| Total Expenses | $48.6M |
| Surplus / Deficit | $-1,711,444 |
| Total Assets | $38.8M |
| Total Liabilities | $37.1M |
| Net Assets | $1.8M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 95.5% |
| Months of Reserves | 9.6 months |
Financial Health Grade: C
In 2023, Ucare Health Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 95.5% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Ucare Health Inc's revenue has grown at a compound annual growth rate (CAGR) of 45.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +9.3% | +0.1% |
| 2022 | +8.5% | +10.8% | +3.4% |
| 2021 | +33.4% | +15.1% | -1.7% |
| 2020 | +22.8% | +33.1% | +0.5% |
| 2019 | +254.2% | +259.2% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
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 Ucare Health Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ucare Health Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 95.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation across all periods, which is highly unusual for an organization with revenues exceeding $46 million in 2023. This could indicate that executive compensation is reported under other expense categories, or that the organization is primarily volunteer-led at the executive level, warranting further investigation for complete transparency.
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 Ucare Health Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, which may obscure actual executive remuneration.
- Expenses frequently exceed revenue, indicating a potential reliance on reserves or other funding sources to cover operational costs, as seen in 2023 ($48,572,791 expenses vs. $46,861,347 revenue).
Strengths
The following positive indicators were identified for Ucare Health Inc:
- Significant revenue growth from $7,119,557 in 2018 to $46,861,347 in 2023, indicating expanding reach and impact.
- Stable asset base (e.g., $40,029,741 in latest filing) despite operating near break-even, suggesting financial stability.
- High proportion of spending likely directed towards programs, given the near break-even operations and minimal reported administrative overhead.
Frequently Asked Questions about Ucare Health Inc
Is Ucare Health Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ucare Health Inc (EIN: 208295948) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Ucare Health Inc spend its money?
Ucare Health Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ucare Health Inc tax-deductible?
Ucare Health Inc is registered as a tax-exempt nonprofit (EIN: 208295948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ucare Health Inc CEO make?
Ucare Health Inc's highest-compensated officer earns $46 annually. The organization reported $52.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ucare Health Inc's spending goes to programs?
Ucare Health Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ucare Health Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ucare Health Inc is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ucare Health Inc located?
Ucare Health Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 208295948. It is classified under NTEE code E99.
How many years of IRS 990 filings does Ucare Health Inc have?
Ucare Health Inc has 6 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 $52.4M in total revenue.
How does Ucare Health Inc. manage to operate with 0% reported officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues exceeding $46 million (2023) is highly unusual. This could mean executive compensation is categorized differently, or the organization relies heavily on volunteer leadership, which would be a significant operational model.
What is the primary reason for Ucare Health Inc.'s consistent near break-even financial performance?
Ucare Health Inc. consistently reports expenses very close to or slightly exceeding revenue, as seen in 2023 with $48,572,791 in expenses against $46,861,347 in revenue. This suggests a model where most incoming funds are directly spent on programs and operations, rather than accumulating significant surpluses.
What is the nature of Ucare Health Inc.'s programs, given its NTEE code E99 and significant spending?
The NTEE code E99 indicates 'All Other Health Care,' which is a broad category. Given the substantial expenses, it would be important to understand the specific health care services or programs Ucare Health Inc. provides to assess its impact and alignment with its mission.
Filing History
IRS 990 filing history for Ucare Health Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Ucare Health Inc's revenue has grown by 558.2%, moving from $7.1M to $46.9M. Total assets increased by 9.9% over the same period, from $35.3M to $38.8M. Total functional expenses rose by 566.9%, from $7.3M to $48.6M. In its most recent filing year (2023), Ucare Health Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $37.1M in liabilities against $38.8M in assets (debt-to-asset ratio: 95.5%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.9M | $48.6M | $38.8M | $37.1M | — | — |
| 2022 | $44.8M | $44.4M | $38.8M | $35.3M | — | View 990 |
| 2021 | $41.3M | $40.1M | $37.5M | $34.4M | — | View 990 |
| 2020 | $31.0M | $34.8M | $38.2M | $36.3M | — | — |
| 2019 | $25.2M | $26.2M | $38.0M | $32.2M | — | View 990 |
| 2018 | $7.1M | $7.3M | $35.3M | $28.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.9M, expenses of $48.6M, and assets of $38.8M (revenue +4.6% year-over-year).
- 2022: Revenue of $44.8M, expenses of $44.4M, and assets of $38.8M (revenue +8.5% year-over-year).
- 2021: Revenue of $41.3M, expenses of $40.1M, and assets of $37.5M (revenue +33.4% year-over-year).
- 2020: Revenue of $31.0M, expenses of $34.8M, and assets of $38.2M (revenue +22.8% year-over-year).
- 2019: Revenue of $25.2M, expenses of $26.2M, and assets of $38.0M (revenue +254.2% year-over-year).
- 2018: Revenue of $7.1M, expenses of $7.3M, and assets of $35.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ucare Health Inc:
Data Sources and Methodology
This transparency report for Ucare Health 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.