ZUnclassifiedEIN: 560860841· Ruling Year: 1967

I Care Inc

Statesville, North Carolina

BHealth Score
58B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 22 peers in Unclassified with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.09×
Peer Median15.40×
💰
$4.3M
Total Revenue
📊
$4.1M
Total Expenses
🏦
$378K
Net Assets
📋
$504K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+12.0%
Year-over-year change (2022 → 2023)
Net Margin
+3.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.09
Net assets divided by total expenses
Liabilities-to-Assets
57.1%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$4,273,56912%$4,142,8986%$881,92449%
2022$3,815,2464%$3,894,8015%$593,3669%
2021$3,972,2501%$4,104,2495%$651,7091%
2020$3,929,5541%$3,890,4902%$647,2969%
2019$3,898,921$3,816,5311%$593,17213%
2018$3,897,4552%$3,780,1103%$684,00646%
2017$3,964,2192%$3,905,2051%$468,50919%
2016$4,048,1733%$3,957,367$579,1964%
2015$3,920,4425%$3,945,6715%$557,6647%
2014$3,720,43412%$3,755,16212%$602,09825%
2013$4,238,2417%$4,250,1707%$799,76637%
2012$3,953,668$3,953,708$585,249

Frequently Asked Questions

What does I Care Inc do?

I Care Inc is a unclassified nonprofit organization based in North Carolina. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is I Care Inc financially healthy?

Based on our 9-metric Financial Health Score model, I Care Inc has a score of 58/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does I Care Inc generate?

I Care Inc reports $4.5M in annual revenue and holds $892K in total assets, based on IRS filings.

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