Betsy Ann Ross House Of Hope
EIN: 471398541 · Augusta, ME · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $72K |
| Net Assets | $294K |
Is Betsy Ann Ross House Of Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Betsy Ann Ross House Of Hope
Betsy Ann Ross House Of Hope (EIN: 471398541) is a nonprofit organization based in Augusta, ME, classified under NTEE code L40. The organization reported total revenue of $90K and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Betsy Ann Ross House Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Betsy Ann Ross House Of Hope is a micro nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $72K |
| Surplus / Deficit | +$19K |
| Total Assets | $297K |
| Total Liabilities | $2K |
| Net Assets | $294K |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 49.6 months |
Financial Health Grade: A
In 2024, Betsy Ann Ross House Of Hope reported a surplus of $19K with revenue exceeding expenses, holds 49.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2015–2024), Betsy Ann Ross House Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +71.0% | +15.0% | +7.0% |
| 2023 | +1.5% | +32.0% | -5.4% |
| 2022 | +313.7% | -36.8% | +1.9% |
| 2021 | -94.8% | -53.6% | -18.0% |
| 2020 | +59.7% | +19.5% | +30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Betsy Ann Ross House Of Hope 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 Betsy Ann Ross House Of Hope 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 surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Betsy Ann Ross House Of Hope
Is Betsy Ann Ross House Of Hope a legitimate charity?
Betsy Ann Ross House Of Hope (EIN: 471398541) is a registered tax-exempt nonprofit based in Maine. It has 10 years of IRS 990 filings on record. Total revenue: $90K. No red flags identified. Financial health grade: A.
How does Betsy Ann Ross House Of Hope spend its money?
Betsy Ann Ross House Of Hope reported $90K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Betsy Ann Ross House Of Hope tax-deductible?
Betsy Ann Ross House Of Hope is registered as a tax-exempt nonprofit (EIN: 471398541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Betsy Ann Ross House Of Hope located?
Betsy Ann Ross House Of Hope is headquartered in Augusta, Maine and files with the IRS under EIN 471398541. It is classified under NTEE code L40.
How many years of IRS 990 filings does Betsy Ann Ross House Of Hope have?
Betsy Ann Ross House Of Hope has 10 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 $90K in total revenue.
Filing History
IRS 990 filing history for Betsy Ann Ross House Of Hope showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Betsy Ann Ross House Of Hope's revenue has grown by 374.9%, moving from $19K to $90K. Total assets increased by 13434.3% over the same period, from $2K to $297K. Total functional expenses rose by 326.2%, from $17K to $72K. In its most recent filing year (2024), Betsy Ann Ross House Of Hope reported a surplus of $19K, with revenue exceeding expenses. The organization holds $2K in liabilities against $297K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $294K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $90K | $72K | $297K | $2K | — | — |
| 2023 | $53K | $62K | $277K | $1K | — | View 990 |
| 2022 | $52K | $47K | $293K | $1K | — | — |
| 2021 | $13K | $75K | $287K | $767 | — | View 990 |
| 2020 | $244K | $161K | $351K | $1K | — | View 990 |
| 2019 | $153K | $135K | $269K | $2K | — | View 990 |
| 2018 | $239K | $95K | $276K | $26K | — | View 990 |
| 2017 | $93K | $36K | $220K | $115K | — | View 990 |
| 2016 | $74K | $63K | $163K | $115K | — | View 990 |
| 2015 | $19K | $17K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $90K, expenses of $72K, and assets of $297K (revenue +71.0% year-over-year).
- 2023: Revenue of $53K, expenses of $62K, and assets of $277K (revenue +1.5% year-over-year).
- 2022: Revenue of $52K, expenses of $47K, and assets of $293K (revenue +313.7% year-over-year).
- 2021: Revenue of $13K, expenses of $75K, and assets of $287K (revenue -94.8% year-over-year).
- 2020: Revenue of $244K, expenses of $161K, and assets of $351K (revenue +59.7% year-over-year).
- 2019: Revenue of $153K, expenses of $135K, and assets of $269K (revenue -36.2% year-over-year).
- 2018: Revenue of $239K, expenses of $95K, and assets of $276K (revenue +156.0% year-over-year).
- 2017: Revenue of $93K, expenses of $36K, and assets of $220K (revenue +26.9% year-over-year).
- 2016: Revenue of $74K, expenses of $63K, and assets of $163K (revenue +286.8% year-over-year).
- 2015: Revenue of $19K, expenses of $17K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Betsy Ann Ross House Of Hope:
Data Sources and Methodology
This transparency report for Betsy Ann Ross House Of Hope 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.