Apostles House
Apostles House: Consistent Growth, Strong Program Spending
EIN: 222482774 · Newark, NJ · NTEE: L410 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 85/100 |
Is Apostles House Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Apostles House directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Apostles House
Apostles House (EIN: 222482774) is a nonprofit organization based in Newark, NJ, classified under NTEE code L410. The organization reported total revenue of $3.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apostles House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apostles House is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$283K |
| Total Assets | $4.8M |
| Total Liabilities | $2.0M |
| Net Assets | $2.8M |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 42.3% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Apostles House reported a surplus of $283K with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Apostles House's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +9.3% | +20.0% |
| 2022 | +25.9% | +0.4% | +17.6% |
| 2021 | -20.4% | +0.1% | +4.8% |
| 2020 | +16.6% | +31.1% | +27.6% |
| 2019 | +18.0% | +20.7% | +25.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Apostles House 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Apostles House allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $283K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the overall administrative expenses appear reasonable relative to total expenditures.
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.
Strengths
The following positive indicators were identified for Apostles House:
- Consistent revenue growth from $1.3M in 2016 to $3.1M in 2023, indicating strong fundraising and program support.
- Healthy asset growth from $608K in 2016 to $5.09M in 2023, demonstrating financial stability and capacity.
- Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on mission delivery.
- Positive net income in most years, contributing to asset accumulation and long-term sustainability.
Frequently Asked Questions about Apostles House
Is Apostles House a legitimate charity?
Apostles House (EIN: 222482774) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.2M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Apostles House spend its money?
Apostles House directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Apostles House tax-deductible?
Apostles House is registered as a tax-exempt nonprofit (EIN: 222482774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Apostles House's spending goes to programs?
Apostles House directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Apostles House compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Apostles House is above average for NTEE category L410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Apostles House located?
Apostles House is headquartered in Newark, New Jersey and files with the IRS under EIN 222482774. It is classified under NTEE code L410.
How many years of IRS 990 filings does Apostles House have?
Apostles House has 13 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 $3.2M in total revenue.
What does Apostles House do?
Apostles House is a nonprofit organization in the Housing & Shelter sector, located in Newark, New Jersey. It is classified under NTEE code L410.
How much revenue does Apostles House have?
Apostles House reported total revenue of $3,182,472. Based on 13 IRS 990 filings on record.
What are Apostles House's total assets?
Apostles House holds total assets of $5,092,402 as reported in IRS 990 filings.
Where is Apostles House located?
Apostles House is based in Newark, New Jersey.
What is Apostles House's EIN?
Apostles House's Employer Identification Number (EIN) is 222482774. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Apostles House?
Apostles House is classified under NTEE code L410 (Housing & Shelter).
Is Apostles House a registered 501(c)(3)?
Yes, Apostles House is recognized as a tax-exempt organization by the IRS. EIN: 222482774.
Does Apostles House file IRS Form 990?
Yes, Apostles House has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Apostles House's revenue in 2023?
In the 202312 filing period, Apostles House reported total revenue of $2,940,833, total expenses of $2,657,668, and net assets of $4,775,195.
Is Apostles House's revenue growing or declining?
Apostles House's revenue is growing. Revenue went from $2,795,083 (202212) to $2,940,833 (202312), a +5.2% change. Based on 13 filings on record.
What is Apostles House's most recent 990 filing?
The most recent IRS Form 990 filing for Apostles House covers tax period 202312. It shows revenue of $2,940,833, expenses of $2,657,668, total assets of $4,775,195, and liabilities of $2,019,399.
How much does Apostles House spend on programs vs administration?
Based on IRS 990 analysis, Apostles House allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Apostles House a trustworthy charity?
Based on AI analysis of IRS 990 data, Apostles House appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Apostles House's strengths?
Positive indicators for Apostles House include: Consistent revenue growth from $1.3M in 2016 to $3.1M in 2023, indicating strong fundraising and program support.. Healthy asset growth from $608K in 2016 to $5.09M in 2023, demonstrating financial stability and capacity.. Program expenses consistently represent a high percentage of total expenses, indicating a strong focus on mission delivery.. Positive net income in most years, contributing to asset accumulation and long-term sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Apostles House compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the overall administrative expenses appear reasonable relative to total expenditures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Apostles House managed to achieve such consistent revenue and asset growth over the past seven years, especially given the varying economic conditions?
The consistent growth suggests effective fundraising strategies, strong donor relations, and potentially expanding program offerings or increased demand for services in Newark, NJ. The detailed filings would likely show specific grant funding or major donor contributions.
What specific programs or initiatives have driven the significant increase in expenses from $1.2M in 2016 to $2.6M in 2023?
The substantial increase in expenses, particularly program-related, indicates an expansion of services or an increase in the scale of existing programs. This could include new housing initiatives, increased client support, or broader community outreach efforts.
Filing History
IRS 990 filing history for Apostles House showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Apostles House's revenue has grown by 73.1%, moving from $1.7M to $2.9M. Total assets increased by 148.6% over the same period, from $1.9M to $4.8M. Total functional expenses rose by 40.6%, from $1.9M to $2.7M. In its most recent filing year (2023), Apostles House reported a surplus of $283K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $4.8M in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.7M | $4.8M | $2.0M | — | — |
| 2022 | $2.8M | $2.4M | $4.0M | $1.5M | — | View 990 |
| 2021 | $2.2M | $2.4M | $3.4M | $1.3M | — | View 990 |
| 2020 | $2.8M | $2.4M | $3.2M | $917K | — | View 990 |
| 2019 | $2.4M | $1.8M | $2.5M | $589K | — | View 990 |
| 2018 | $2.0M | $1.5M | $2.0M | $619K | — | View 990 |
| 2017 | $1.8M | $1.3M | $1.6M | $668K | — | View 990 |
| 2016 | $1.3M | $1.3M | $608K | $697K | — | View 990 |
| 2015 | $1.2M | $1.2M | $599K | $738K | — | View 990 |
| 2014 | $1.3M | $1.2M | $736K | $771K | — | View 990 |
| 2013 | $1.2M | $1.2M | $758K | $842K | — | View 990 |
| 2012 | $1.3M | $1.4M | $1.1M | $1.2M | — | View 990 |
| 2011 | $1.7M | $1.9M | $1.9M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.7M, and assets of $4.8M (revenue +5.2% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.4M, and assets of $4.0M (revenue +25.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.4M, and assets of $3.4M (revenue -20.4% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.4M, and assets of $3.2M (revenue +16.6% year-over-year).
- 2019: Revenue of $2.4M, expenses of $1.8M, and assets of $2.5M (revenue +18.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.5M, and assets of $2.0M (revenue +13.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.3M, and assets of $1.6M (revenue +35.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $608K (revenue +14.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $599K (revenue -12.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $736K (revenue +13.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $758K (revenue -12.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue -21.2% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.9M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Apostles House:
Data Sources and Methodology
This transparency report for Apostles House 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.