Chastain Home For Gentlewomen
Chastain Home For Gentlewomen maintains stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 202949635 · Halifax, VA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $714K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.0M |
| Transparency Score | 90/100 |
Is Chastain Home For Gentlewomen Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chastain Home For Gentlewomen directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chastain Home For Gentlewomen
Chastain Home For Gentlewomen (EIN: 202949635) is a nonprofit organization based in Halifax, VA, classified under NTEE code L22. The organization reported total revenue of $1.5M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chastain Home For Gentlewomen's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chastain Home For Gentlewomen is a mid-size nonprofit that has been operating for 1 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $740K |
| Total Expenses | $714K |
| Surplus / Deficit | +$26K |
| Total Assets | $6.0M |
| Total Liabilities | $4K |
| Net Assets | $6.0M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 101.1 months |
Financial Health Grade: A
In 2024, Chastain Home For Gentlewomen reported a surplus of $26K with revenue exceeding expenses, holds 101.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Chastain Home For Gentlewomen's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.5% | +18.7% | +0.4% |
| 2023 | +91.2% | -10.1% | -0.2% |
| 2022 | -42.8% | +11.1% | -5.6% |
| 2021 | +21.1% | +5.7% | -1.7% |
| 2020 | +47.9% | +145.9% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
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 Chastain Home For Gentlewomen with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Chastain Home For Gentlewomen allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with assets over $6 million.
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.
Red Flags
The following concerns were identified during AI analysis of Chastain Home For Gentlewomen's IRS 990 filings:
- Significant year-to-year revenue fluctuations, indicating potential instability in funding sources.
- Periods where expenses significantly exceeded revenue (e.g., 2022: $668,838 expenses vs. $310,976 revenue), which could be unsustainable if prolonged.
Strengths
The following positive indicators were identified for Chastain Home For Gentlewomen:
- Consistent reporting of 0% officer compensation, indicating high dedication to mission and efficient use of funds.
- Stable asset base, consistently around $6 million, providing financial security.
- Very low liabilities across all reporting periods, demonstrating strong financial management and minimal debt.
- Strong program focus implied by the absence of executive compensation and fundraising expenses, suggesting nearly all operational expenses are program-related.
Frequently Asked Questions about Chastain Home For Gentlewomen
Is Chastain Home For Gentlewomen a legitimate charity?
Based on AI analysis of IRS 990 filings, Chastain Home For Gentlewomen (EIN: 202949635) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Chastain Home For Gentlewomen spend its money?
Chastain Home For Gentlewomen directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chastain Home For Gentlewomen tax-deductible?
Chastain Home For Gentlewomen is registered as a tax-exempt nonprofit (EIN: 202949635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chastain Home For Gentlewomen CEO make?
Chastain Home For Gentlewomen's highest-compensated officer earns $6 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Chastain Home For Gentlewomen compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chastain Home For Gentlewomen is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chastain Home For Gentlewomen located?
Chastain Home For Gentlewomen is headquartered in Halifax, Virginia and files with the IRS under EIN 202949635. It is classified under NTEE code L22.
How many years of IRS 990 filings does Chastain Home For Gentlewomen have?
Chastain Home For Gentlewomen has 11 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 $1.5M in total revenue.
Is Chastain Home For Gentlewomen a good charity?
Based on the available data, Chastain Home For Gentlewomen appears to be a good charity. It maintains a strong asset base, keeps liabilities low, and notably reports 0% officer compensation, suggesting a high dedication to its mission. Its program spending is likely very high given the lack of executive compensation and fundraising expenses.
How does Chastain Home For Gentlewomen manage its expenses?
Chastain Home For Gentlewomen generally manages its expenses effectively, often keeping them close to or below its revenue. For example, in 2024, expenses were $714,338 against revenues of $740,229. There have been periods where expenses exceeded revenue, such as in 2022 ($668,838 expenses vs. $310,976 revenue), but the overall asset stability suggests these are managed without long-term financial strain.
What is the trend in Chastain Home For Gentlewomen's revenue?
The organization's revenue has shown significant fluctuations over the years, ranging from $303,495 in 2019 to $1,323,773 in 2016. More recently, revenue has been around $500,000-$700,000, with $740,229 in 2024. This variability suggests reliance on diverse or inconsistent funding sources.
Filing History
IRS 990 filing history for Chastain Home For Gentlewomen showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Chastain Home For Gentlewomen's revenue has grown by 57.9%, moving from $469K to $740K. Total assets decreased by 7.3% over the same period, from $6.5M to $6.0M. Total functional expenses rose by 31.1%, from $545K to $714K. In its most recent filing year (2024), Chastain Home For Gentlewomen reported a surplus of $26K, with revenue exceeding expenses. The organization holds $4K in liabilities against $6.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $740K | $714K | $6.0M | $4K | — | View 990 |
| 2023 | $595K | $602K | $6.0M | $2K | — | View 990 |
| 2022 | $311K | $669K | $6.0M | $8K | — | View 990 |
| 2021 | $543K | $602K | $6.4M | $8K | — | — |
| 2020 | $449K | $570K | $6.5M | $60K | — | — |
| 2019 | $303K | $232K | $6.5M | $7K | — | View 990 |
| 2016 | $1.3M | $750K | $6.8M | $19K | — | View 990 |
| 2015 | $511K | $664K | $6.2M | $8K | — | View 990 |
| 2014 | $413K | $649K | $6.3M | $4K | — | View 990 |
| 2013 | $627K | $551K | $6.6M | $4K | — | — |
| 2012 | $469K | $545K | $6.5M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $740K, expenses of $714K, and assets of $6.0M (revenue +24.5% year-over-year).
- 2023: Revenue of $595K, expenses of $602K, and assets of $6.0M (revenue +91.2% year-over-year).
- 2022: Revenue of $311K, expenses of $669K, and assets of $6.0M (revenue -42.8% year-over-year).
- 2021: Revenue of $543K, expenses of $602K, and assets of $6.4M (revenue +21.1% year-over-year).
- 2020: Revenue of $449K, expenses of $570K, and assets of $6.5M (revenue +47.9% year-over-year).
- 2019: Revenue of $303K, expenses of $232K, and assets of $6.5M (revenue -77.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $750K, and assets of $6.8M (revenue +159.2% year-over-year).
- 2015: Revenue of $511K, expenses of $664K, and assets of $6.2M (revenue +23.8% year-over-year).
- 2014: Revenue of $413K, expenses of $649K, and assets of $6.3M (revenue -34.2% year-over-year).
- 2013: Revenue of $627K, expenses of $551K, and assets of $6.6M (revenue +33.6% year-over-year).
- 2012: Revenue of $469K, expenses of $545K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chastain Home For Gentlewomen:
Data Sources and Methodology
This transparency report for Chastain Home For Gentlewomen 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.