Cheval Court Inc
Cheval Court Inc. consistently spends more than it earns, relying on substantial assets while reporting no officer compensation.
EIN: 202024019 · Rockville, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $399K |
| Total Expenses | $450K |
| Program Spending | 80% |
| Net Assets | $2.0M |
| Transparency Score | 75/100 |
Is Cheval Court Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cheval Court Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cheval Court Inc
Cheval Court Inc (EIN: 202024019) is a nonprofit organization based in Rockville, MD. The organization reported total revenue of $399K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cheval Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cheval Court Inc is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $364K |
| Total Expenses | $450K |
| Surplus / Deficit | $-85,189 |
| Total Assets | $2.9M |
| Total Liabilities | $855K |
| Net Assets | $2.0M |
| Operating Margin | -23.4% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 76.7 months |
Financial Health Grade: B
In 2023, Cheval Court Inc reported a deficit of $85K with expenses exceeding revenue, holds 76.7 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cheval Court Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.2% | +2.1% | +14.0% |
| 2022 | +5.4% | +5.9% | -4.1% |
| 2021 | +8.2% | +2.5% | -3.3% |
| 2020 | +9.1% | +5.7% | -4.3% |
| 2019 | +5.6% | +0.5% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Cheval Court Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cheval Court Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
Cheval Court Inc. consistently reports 0% officer compensation across all filings, indicating that its leadership is either unpaid or compensated through non-officer channels, which is a strong positive for minimizing administrative costs relative to its size.
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 Cheval Court Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods)
- Declining asset base over the long term (e.g., $3,512,638 in 2014 to $2,845,679 in 2023)
Strengths
The following positive indicators were identified for Cheval Court Inc:
- Substantial asset base relative to annual expenses
- Consistently reports 0% officer compensation, indicating low executive overhead
- Low liabilities relative to assets
Frequently Asked Questions about Cheval Court Inc
Is Cheval Court Inc a legitimate charity?
Cheval Court Inc (EIN: 202024019) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $399K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cheval Court Inc spend its money?
Cheval Court Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cheval Court Inc tax-deductible?
Cheval Court Inc is registered as a tax-exempt nonprofit (EIN: 202024019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cheval Court Inc's spending goes to programs?
Cheval Court Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cheval Court Inc located?
Cheval Court Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 202024019.
How many years of IRS 990 filings does Cheval Court Inc have?
Cheval Court 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 $399K in total revenue.
How does Cheval Court Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $449,628 expenses vs. $364,439 revenue in 2023). This suggests it either draws from its substantial asset base ($2,845,679) or has other unreported income streams to cover the difference.
What is the long-term sustainability of Cheval Court Inc. given its spending patterns?
While the organization has significant assets, consistent operational deficits over many years (e.g., 2014-2023) are not sustainable in the long run without a plan to increase revenue or decrease expenses, as it will gradually deplete its asset base.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported as 'officer compensation' on the 990 form, which could impact transparency if not fully disclosed elsewhere.
Filing History
IRS 990 filing history for Cheval Court Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cheval Court Inc's revenue has grown by 61.2%, moving from $226K to $364K. Total assets decreased by 27.6% over the same period, from $4.0M to $2.9M. Total functional expenses rose by 9.4%, from $411K to $450K. In its most recent filing year (2023), Cheval Court Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $855K in liabilities against $2.9M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $364K | $450K | $2.9M | $855K | — | View 990 |
| 2022 | $350K | $441K | $2.5M | $418K | — | View 990 |
| 2021 | $332K | $416K | $2.6M | $436K | — | View 990 |
| 2020 | $307K | $406K | $2.7M | $441K | — | View 990 |
| 2019 | $281K | $384K | $2.8M | $465K | — | View 990 |
| 2018 | $266K | $382K | $3.0M | $494K | — | View 990 |
| 2017 | $245K | $359K | $3.1M | $492K | — | View 990 |
| 2016 | $250K | $366K | $3.2M | $526K | — | View 990 |
| 2015 | $224K | $383K | $3.4M | $561K | — | View 990 |
| 2014 | $227K | $328K | $3.5M | $526K | — | View 990 |
| 2013 | $224K | $348K | $3.6M | $561K | — | View 990 |
| 2012 | $224K | $401K | $3.8M | $574K | — | View 990 |
| 2011 | $226K | $411K | $4.0M | $577K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $364K, expenses of $450K, and assets of $2.9M (revenue +4.2% year-over-year).
- 2022: Revenue of $350K, expenses of $441K, and assets of $2.5M (revenue +5.4% year-over-year).
- 2021: Revenue of $332K, expenses of $416K, and assets of $2.6M (revenue +8.2% year-over-year).
- 2020: Revenue of $307K, expenses of $406K, and assets of $2.7M (revenue +9.1% year-over-year).
- 2019: Revenue of $281K, expenses of $384K, and assets of $2.8M (revenue +5.6% year-over-year).
- 2018: Revenue of $266K, expenses of $382K, and assets of $3.0M (revenue +8.7% year-over-year).
- 2017: Revenue of $245K, expenses of $359K, and assets of $3.1M (revenue -1.9% year-over-year).
- 2016: Revenue of $250K, expenses of $366K, and assets of $3.2M (revenue +11.3% year-over-year).
- 2015: Revenue of $224K, expenses of $383K, and assets of $3.4M (revenue -1.0% year-over-year).
- 2014: Revenue of $227K, expenses of $328K, and assets of $3.5M (revenue +1.3% year-over-year).
- 2013: Revenue of $224K, expenses of $348K, and assets of $3.6M (revenue -0.2% year-over-year).
- 2012: Revenue of $224K, expenses of $401K, and assets of $3.8M (revenue -0.9% year-over-year).
- 2011: Revenue of $226K, expenses of $411K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cheval Court Inc:
Data Sources and Methodology
This transparency report for Cheval Court 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.