Carenet Inc
Winston Salem, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Below Average
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $5,235,344↓7% | $6,374,192↑11% | $2,238,567↑19% | |
| 2022 | $5,618,321↑112% | $5,725,979↑95% | $1,873,575↓11% | — |
| 2021 | $2,648,506↓47% | $2,941,188↓45% | $2,113,794↓21% | — |
| 2021 | $4,978,704↑1% | $5,319,927↑8% | $2,689,071↓3% | — |
| 2020 | $4,931,390↑28% | $4,945,366↑35% | $2,758,755↑10% | — |
| 2019 | $3,844,096↓6% | $3,660,117↓10% | $2,501,021↓18% | — |
| 2018 | $4,080,947↑2% | $4,066,433↑1% | $3,048,252↑53% | — |
| 2017 | $4,019,549↓10% | $4,019,809↓12% | $1,993,248↑5% | — |
| 2016 | $4,477,724↑2% | $4,557,575↑5% | $1,890,417↓4% | — |
| 2015 | $4,382,024↑15% | $4,355,666↑5% | $1,968,888↑10% | — |
| 2014 | $3,819,703↑13% | $4,153,628↑23% | $1,788,055↓12% | — |
| 2013 | $3,394,896↑4% | $3,388,008↑2% | $2,043,092↓17% | — |
| 2012 | $3,252,067↑2% | $3,337,782↑7% | $2,470,917↑11% | — |
| 2011 | $3,202,372 | $3,109,395 | $2,222,095 | — |
Frequently Asked Questions
What does Carenet Inc do?▼
Carenet Inc is a employment nonprofit organization based in North Carolina. It is classified under NTEE code J21Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Carenet Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Carenet Inc has a score of 37/100 (Grade: C). 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 Carenet Inc generate?▼
Carenet Inc reports $5.7M in annual revenue and holds $1.9M in total assets, based on IRS filings.
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