Chiara Home Incorporated
EIN: 351898877 · South Bend, IN · NTEE: P80Z
| Metric | Value |
|---|---|
| Total Revenue | $191K |
| Total Expenses | $129K |
| Net Assets | $427K |
Is Chiara Home Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chiara Home Incorporated
Chiara Home Incorporated (EIN: 351898877) is a nonprofit organization based in South Bend, IN, classified under NTEE code P80Z. The organization reported total revenue of $191K and total assets of $442K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chiara Home Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chiara Home Incorporated is a small nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $177K |
| Total Expenses | $129K |
| Surplus / Deficit | +$47K |
| Total Assets | $442K |
| Total Liabilities | $15K |
| Net Assets | $427K |
| Operating Margin | 26.8% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 41.0 months |
Financial Health Grade: A
In 2021, Chiara Home Incorporated reported a surplus of $47K with revenue exceeding expenses, holds 41.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 9 years of filings (2010–2021), Chiara Home Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +68.3% | -11.2% | +12.0% |
| 2020 | -38.6% | +11.0% | +2.6% |
| 2018 | +6.1% | +3.2% | +11.6% |
| 2017 | -4.6% | +12.4% | +47.5% |
| 2015 | -4.2% | -14.0% | +31.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chiara Home Incorporated 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 Chiara Home Incorporated 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $47K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Chiara Home Incorporated
Is Chiara Home Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Chiara Home Incorporated (EIN: 351898877) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chiara Home Incorporated spend its money?
Detailed spending breakdown data is not yet available for Chiara Home Incorporated. Check back for updated IRS 990 analysis.
Are donations to Chiara Home Incorporated tax-deductible?
Chiara Home Incorporated is registered as a tax-exempt nonprofit (EIN: 351898877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chiara Home Incorporated located?
Chiara Home Incorporated is headquartered in South Bend, Indiana and files with the IRS under EIN 351898877. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Chiara Home Incorporated have?
Chiara Home Incorporated has 9 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 $191K in total revenue.
Filing History
IRS 990 filing history for Chiara Home Incorporated showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2021), Chiara Home Incorporated's revenue has grown by 37.4%, moving from $129K to $177K. Total assets increased by 187.7% over the same period, from $154K to $442K. Total functional expenses fell by 13.5%, from $150K to $129K. In its most recent filing year (2021), Chiara Home Incorporated reported a surplus of $47K, with revenue exceeding expenses. The organization holds $15K in liabilities against $442K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $427K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $177K | $129K | $442K | $15K | — | — |
| 2020 | $105K | $146K | $395K | $15K | — | View 990 |
| 2018 | $171K | $131K | $385K | $15K | — | — |
| 2017 | $161K | $127K | $345K | $15K | — | View 990 |
| 2015 | $169K | $113K | $234K | $18K | — | View 990 |
| 2014 | $177K | $132K | $178K | $18K | — | View 990 |
| 2013 | $146K | $122K | $133K | $19K | — | View 990 |
| 2011 | $133K | $133K | $135K | $29K | — | View 990 |
| 2010 | $129K | $150K | $154K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $177K, expenses of $129K, and assets of $442K (revenue +68.3% year-over-year).
- 2020: Revenue of $105K, expenses of $146K, and assets of $395K (revenue -38.6% year-over-year).
- 2018: Revenue of $171K, expenses of $131K, and assets of $385K (revenue +6.1% year-over-year).
- 2017: Revenue of $161K, expenses of $127K, and assets of $345K (revenue -4.6% year-over-year).
- 2015: Revenue of $169K, expenses of $113K, and assets of $234K (revenue -4.2% year-over-year).
- 2014: Revenue of $177K, expenses of $132K, and assets of $178K (revenue +21.0% year-over-year).
- 2013: Revenue of $146K, expenses of $122K, and assets of $133K (revenue +9.8% year-over-year).
- 2011: Revenue of $133K, expenses of $133K, and assets of $135K (revenue +3.2% year-over-year).
- 2010: Revenue of $129K, expenses of $150K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chiara Home Incorporated:
Data Sources and Methodology
This transparency report for Chiara Home Incorporated 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.