Ashland Group Home Inc
EIN: 300342188 · Lexington, KY · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $49K |
| Net Assets | $-222,719 |
Is Ashland Group 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 Ashland Group Home Inc
Ashland Group Home Inc (EIN: 300342188) is a nonprofit organization based in Lexington, KY, classified under NTEE code L21. The organization reported total revenue of $20K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashland Group Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashland Group Home Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $49K |
| Surplus / Deficit | $-8,794 |
| Total Assets | $170K |
| Total Liabilities | $393K |
| Net Assets | $-222,719 |
| Operating Margin | -21.7% |
| Debt-to-Asset Ratio | 231.1% |
| Months of Reserves | 41.4 months |
Financial Health Grade: C
In 2024, Ashland Group Home Inc reported a deficit of $9K with expenses exceeding revenue, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 231.1% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Ashland Group Home Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +43.5% | -7.3% | +24.1% |
| 2023 | -2.7% | +5.9% | +22.8% |
| 2022 | -5.7% | -4.8% | +0.7% |
| 2021 | -27.5% | -8.7% | +1.2% |
| 2020 | -2.8% | +12.7% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ashland Group 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 Ashland Group 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 231.1%.
Frequently Asked Questions about Ashland Group Home Inc
Is Ashland Group Home Inc a legitimate charity?
Ashland Group Home Inc (EIN: 300342188) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $20K. No red flags identified. Financial health grade: C.
How does Ashland Group Home Inc spend its money?
Ashland Group Home Inc reported $20K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ashland Group Home Inc tax-deductible?
Ashland Group Home Inc is registered as a tax-exempt nonprofit (EIN: 300342188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ashland Group Home Inc located?
Ashland Group Home Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 300342188. It is classified under NTEE code L21.
How many years of IRS 990 filings does Ashland Group Home Inc have?
Ashland Group Home Inc 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 $20K in total revenue.
Filing History
IRS 990 filing history for Ashland Group Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Ashland Group Home Inc's revenue has declined by 36.8%, moving from $64K to $40K. Total assets increased by 15.3% over the same period, from $147K to $170K. Total functional expenses fell by 33.3%, from $74K to $49K. In its most recent filing year (2024), Ashland Group Home Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $393K in liabilities against $170K in assets (debt-to-asset ratio: 231.1%), resulting in net assets of $-222,719.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $40K | $49K | $170K | $393K | — | — |
| 2023 | $28K | $53K | $137K | $351K | — | View 990 |
| 2022 | $29K | $50K | $112K | $300K | — | — |
| 2021 | $31K | $53K | $111K | $279K | — | View 990 |
| 2020 | $42K | $58K | $109K | $255K | — | View 990 |
| 2019 | $44K | $51K | $113K | $243K | — | View 990 |
| 2018 | $36K | $57K | $116K | $239K | — | View 990 |
| 2017 | $45K | $58K | $120K | $222K | — | View 990 |
| 2016 | $12K | $46K | $126K | $214K | — | View 990 |
| 2015 | $33K | $47K | $127K | $182K | — | View 990 |
| 2014 | $66K | $59K | $136K | $178K | — | View 990 |
| 2013 | $64K | $68K | $137K | $185K | — | View 990 |
| 2012 | $64K | $74K | $147K | $192K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $40K, expenses of $49K, and assets of $170K (revenue +43.5% year-over-year).
- 2023: Revenue of $28K, expenses of $53K, and assets of $137K (revenue -2.7% year-over-year).
- 2022: Revenue of $29K, expenses of $50K, and assets of $112K (revenue -5.7% year-over-year).
- 2021: Revenue of $31K, expenses of $53K, and assets of $111K (revenue -27.5% year-over-year).
- 2020: Revenue of $42K, expenses of $58K, and assets of $109K (revenue -2.8% year-over-year).
- 2019: Revenue of $44K, expenses of $51K, and assets of $113K (revenue +22.0% year-over-year).
- 2018: Revenue of $36K, expenses of $57K, and assets of $116K (revenue -20.4% year-over-year).
- 2017: Revenue of $45K, expenses of $58K, and assets of $120K (revenue +274.6% year-over-year).
- 2016: Revenue of $12K, expenses of $46K, and assets of $126K (revenue -63.6% year-over-year).
- 2015: Revenue of $33K, expenses of $47K, and assets of $127K (revenue -49.9% year-over-year).
- 2014: Revenue of $66K, expenses of $59K, and assets of $136K (revenue +2.5% year-over-year).
- 2013: Revenue of $64K, expenses of $68K, and assets of $137K (revenue +0.2% year-over-year).
- 2012: Revenue of $64K, expenses of $74K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashland Group Home Inc:
Data Sources and Methodology
This transparency report for Ashland Group 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.