Congregate Living Opportunites Inc
EIN: 480955931 · Topeka, KS · NTEE: P73Z
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $67K |
| Net Assets | $-95,045 |
Is Congregate Living Opportunites Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Congregate Living Opportunites Inc
Congregate Living Opportunites Inc (EIN: 480955931) is a nonprofit organization based in Topeka, KS, classified under NTEE code P73Z. The organization reported total revenue of $74K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Congregate Living Opportunites Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Congregate Living Opportunites Inc is a micro nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $67K |
| Surplus / Deficit | $-2,942 |
| Total Assets | $60K |
| Total Liabilities | $155K |
| Net Assets | $-95,045 |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 258.6% |
| Months of Reserves | 10.8 months |
Financial Health Grade: C
In 2023, Congregate Living Opportunites Inc reported a deficit of $3K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 258.6% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Congregate Living Opportunites Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.9% | +5.8% | -0.4% |
| 2022 | +5.8% | +12.1% | -12.9% |
| 2021 | -3.8% | -5.3% | +18.1% |
| 2020 | +0.9% | +1.6% | -11.4% |
| 2019 | -6.1% | -16.4% | -15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Congregate Living Opportunites 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 Congregate Living Opportunites 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 258.6%.
Frequently Asked Questions about Congregate Living Opportunites Inc
Is Congregate Living Opportunites Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Congregate Living Opportunites Inc (EIN: 480955931) insufficient data. 0 red flags identified, 0 strengths noted.
How does Congregate Living Opportunites Inc spend its money?
Detailed spending breakdown data is not yet available for Congregate Living Opportunites Inc. Check back for updated IRS 990 analysis.
Are donations to Congregate Living Opportunites Inc tax-deductible?
Congregate Living Opportunites Inc is registered as a tax-exempt nonprofit (EIN: 480955931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Congregate Living Opportunites Inc located?
Congregate Living Opportunites Inc is headquartered in Topeka, Kansas and files with the IRS under EIN 480955931. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Congregate Living Opportunites Inc have?
Congregate Living Opportunites 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 $74K in total revenue.
Filing History
IRS 990 filing history for Congregate Living Opportunites Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Congregate Living Opportunites Inc's revenue has grown by 5.4%, moving from $61K to $64K. Total assets decreased by 57.4% over the same period, from $141K to $60K. Total functional expenses rose by 8%, from $62K to $67K. In its most recent filing year (2023), Congregate Living Opportunites Inc reported a deficit of $3K, with expenses exceeding revenue. The organization holds $155K in liabilities against $60K in assets (debt-to-asset ratio: 258.6%), resulting in net assets of $-95,045.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $67K | $60K | $155K | — | — |
| 2022 | $65K | $63K | $60K | $152K | — | View 990 |
| 2021 | $62K | $56K | $69K | $163K | — | — |
| 2020 | $64K | $59K | $59K | $158K | — | — |
| 2019 | $63K | $59K | $66K | $170K | — | View 990 |
| 2018 | $68K | $70K | $78K | $187K | — | View 990 |
| 2017 | $63K | $60K | $83K | $189K | — | View 990 |
| 2016 | $68K | $63K | $91K | $200K | — | View 990 |
| 2015 | $65K | $65K | $102K | $216K | — | View 990 |
| 2014 | $66K | $66K | $115K | $229K | — | View 990 |
| 2013 | $65K | $62K | $121K | $235K | — | View 990 |
| 2012 | $64K | $64K | $126K | $243K | — | View 990 |
| 2010 | $61K | $62K | $141K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $64K, expenses of $67K, and assets of $60K (revenue -1.9% year-over-year).
- 2022: Revenue of $65K, expenses of $63K, and assets of $60K (revenue +5.8% year-over-year).
- 2021: Revenue of $62K, expenses of $56K, and assets of $69K (revenue -3.8% year-over-year).
- 2020: Revenue of $64K, expenses of $59K, and assets of $59K (revenue +0.9% year-over-year).
- 2019: Revenue of $63K, expenses of $59K, and assets of $66K (revenue -6.1% year-over-year).
- 2018: Revenue of $68K, expenses of $70K, and assets of $78K (revenue +7.0% year-over-year).
- 2017: Revenue of $63K, expenses of $60K, and assets of $83K (revenue -7.1% year-over-year).
- 2016: Revenue of $68K, expenses of $63K, and assets of $91K (revenue +5.0% year-over-year).
- 2015: Revenue of $65K, expenses of $65K, and assets of $102K (revenue -2.3% year-over-year).
- 2014: Revenue of $66K, expenses of $66K, and assets of $115K (revenue +1.5% year-over-year).
- 2013: Revenue of $65K, expenses of $62K, and assets of $121K (revenue +1.3% year-over-year).
- 2012: Revenue of $64K, expenses of $64K, and assets of $126K (revenue +6.3% year-over-year).
- 2010: Revenue of $61K, expenses of $62K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Congregate Living Opportunites Inc:
Data Sources and Methodology
This transparency report for Congregate Living Opportunites 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.