Aldersgate At Home Inc
EIN: 812678570 · Charlotte, NC · NTEE: E92
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Net Assets | $976K |
Is Aldersgate At Home Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Aldersgate At Home Inc
Aldersgate At Home Inc (EIN: 812678570) is a nonprofit organization based in Charlotte, NC, classified under NTEE code E92. The organization reported total revenue of $3.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aldersgate At Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aldersgate At Home Inc is a mid-size nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$306K |
| Total Assets | $2.0M |
| Total Liabilities | $1.0M |
| Net Assets | $976K |
| Operating Margin | 9.2% |
| Debt-to-Asset Ratio | 51.6% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Aldersgate At Home Inc reported a surplus of $306K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 51.6% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Aldersgate At Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | -6.3% | -6.6% |
| 2022 | -3.0% | +30.1% | +18.0% |
| 2021 | +34.8% | +22.6% | +76.0% |
| 2020 | +93.7% | +65.6% | +292.1% |
| 2019 | +28.9% | +19.2% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Aldersgate At Home Inc 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 Aldersgate At Home Inc 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 surplus of $306K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.6%.
Frequently Asked Questions about Aldersgate At Home Inc
Is Aldersgate At Home Inc a legitimate charity?
Aldersgate At Home Inc (EIN: 812678570) is a registered tax-exempt nonprofit based in North Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. Financial health grade: A.
How does Aldersgate At Home Inc spend its money?
Aldersgate At Home Inc reported $3.3M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Aldersgate At Home Inc tax-deductible?
Aldersgate At Home Inc is registered as a tax-exempt nonprofit (EIN: 812678570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Aldersgate At Home Inc located?
Aldersgate At Home Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 812678570. It is classified under NTEE code E92.
How many years of IRS 990 filings does Aldersgate At Home Inc have?
Aldersgate At Home 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for Aldersgate At Home Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Aldersgate At Home Inc's revenue has grown by 257.5%, moving from $931K to $3.3M. Total assets increased by 835.5% over the same period, from $216K to $2.0M. Total functional expenses rose by 194.7%, from $1.0M to $3.0M. In its most recent filing year (2023), Aldersgate At Home Inc reported a surplus of $306K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $2.0M in assets (debt-to-asset ratio: 51.6%), resulting in net assets of $976K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.0M | $2.0M | $1.0M | — | — |
| 2022 | $3.0M | $3.2M | $2.2M | $1.2M | — | View 990 |
| 2021 | $3.1M | $2.5M | $1.8M | $1.0M | — | View 990 |
| 2020 | $2.3M | $2.0M | $1.0M | $856K | — | View 990 |
| 2019 | $1.2M | $1.2M | $265K | $382K | — | View 990 |
| 2018 | $931K | $1.0M | $216K | $310K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.0M, and assets of $2.0M (revenue +9.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.2M, and assets of $2.2M (revenue -3.0% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.5M, and assets of $1.8M (revenue +34.8% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.0M, and assets of $1.0M (revenue +93.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $265K (revenue +28.9% year-over-year).
- 2018: Revenue of $931K, expenses of $1.0M, and assets of $216K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aldersgate At Home Inc:
Data Sources and Methodology
This transparency report for Aldersgate At Home 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.