Doves Nest Inc
Doves Nest Inc shows consistent revenue growth, strong asset accumulation, and minimal liabilities with no reported officer compensation.
EIN: 203517243 · Fort Wayne, IN · NTEE: X12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $420K |
| Total Expenses | $413K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Doves Nest Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Doves Nest Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Doves Nest Inc
Doves Nest Inc (EIN: 203517243) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code X12. The organization reported total revenue of $420K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Doves Nest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Doves Nest Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $435K |
| Total Expenses | $413K |
| Surplus / Deficit | +$22K |
| Total Assets | $1.1M |
| Total Liabilities | $7K |
| Net Assets | $1.1M |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Doves Nest Inc reported a surplus of $22K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Doves Nest Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | +15.2% | +2.2% |
| 2022 | +17.7% | +57.2% | +1.3% |
| 2021 | +48.1% | +15.8% | +5.9% |
| 2020 | +68137.5% | -8.0% | -2.9% |
| 2019 | -99.9% | -6.2% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Doves Nest Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Doves Nest Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Doves Nest Inc reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer categories, which is highly favorable for resource allocation to its mission.
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.
Strengths
The following positive indicators were identified for Doves Nest Inc:
- Consistent revenue growth from $256,398 in 2014 to $435,077 in 2023.
- Significant reduction in liabilities from $468,451 in 2014 to $7,187 in 2023.
- Steady asset accumulation, reaching over $1 million by 2023.
- No reported officer compensation across all filings, indicating high efficiency.
- Consistent operating surpluses, demonstrating sound financial management.
Frequently Asked Questions about Doves Nest Inc
Is Doves Nest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Doves Nest Inc (EIN: 203517243) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Doves Nest Inc spend its money?
Doves Nest Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Doves Nest Inc tax-deductible?
Doves Nest Inc is registered as a tax-exempt nonprofit (EIN: 203517243). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Doves Nest Inc's spending goes to programs?
Doves Nest Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Doves Nest Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Doves Nest Inc is above average for NTEE category X12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Doves Nest Inc located?
Doves Nest Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 203517243. It is classified under NTEE code X12.
How many years of IRS 990 filings does Doves Nest Inc have?
Doves Nest Inc has 14 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 $420K in total revenue.
Is Doves Nest Inc a good charity?
Based on the financial data, Doves Nest Inc appears to be a very good charity. It demonstrates consistent financial growth, strong asset management, and a significant reduction in liabilities. The absence of reported officer compensation is a strong positive indicator of efficient resource allocation.
How has Doves Nest Inc's financial health changed over the last decade?
Doves Nest Inc's financial health has significantly improved over the last decade. Revenue has grown from $256,398 in 2014 to $435,077 in 2023, assets have increased from $976,185 to $1,066,442, and liabilities have drastically decreased from $468,451 to $7,187, indicating robust financial strengthening.
What is Doves Nest Inc's approach to executive compensation?
Doves Nest Inc reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership is either entirely volunteer-based or compensated in a manner that does not fall under the 'officer compensation' category, which is a highly efficient use of funds.
Filing History
IRS 990 filing history for Doves Nest Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Doves Nest Inc's revenue has grown by 170.1%, moving from $161K to $435K. Total assets increased by 13.4% over the same period, from $940K to $1.1M. Total functional expenses rose by 160.7%, from $158K to $413K. In its most recent filing year (2023), Doves Nest Inc reported a surplus of $22K, with revenue exceeding expenses. The organization holds $7K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $435K | $413K | $1.1M | $7K | — | — |
| 2022 | $384K | $358K | $1.0M | $7K | — | — |
| 2021 | $326K | $228K | $1.0M | $19K | — | View 990 |
| 2020 | $220K | $197K | $973K | $81K | — | — |
| 2019 | $323 | $214K | $1.0M | $154K | — | View 990 |
| 2018 | $289K | $228K | $999K | $227K | — | View 990 |
| 2017 | $284K | $212K | $1.0M | $292K | — | View 990 |
| 2016 | $272K | $197K | $986K | $347K | — | View 990 |
| 2015 | $274K | $214K | $971K | $408K | — | View 990 |
| 2014 | $256K | $199K | $976K | $468K | — | View 990 |
| 2013 | $236K | $190K | $968K | $518K | — | View 990 |
| 2012 | $233K | $165K | $970K | $565K | — | View 990 |
| 2011 | $205K | $161K | $957K | $621K | — | View 990 |
| 2010 | $161K | $158K | $940K | $648K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $435K, expenses of $413K, and assets of $1.1M (revenue +13.2% year-over-year).
- 2022: Revenue of $384K, expenses of $358K, and assets of $1.0M (revenue +17.7% year-over-year).
- 2021: Revenue of $326K, expenses of $228K, and assets of $1.0M (revenue +48.1% year-over-year).
- 2020: Revenue of $220K, expenses of $197K, and assets of $973K (revenue +68137.5% year-over-year).
- 2019: Revenue of $323, expenses of $214K, and assets of $1.0M (revenue -99.9% year-over-year).
- 2018: Revenue of $289K, expenses of $228K, and assets of $999K (revenue +1.7% year-over-year).
- 2017: Revenue of $284K, expenses of $212K, and assets of $1.0M (revenue +4.3% year-over-year).
- 2016: Revenue of $272K, expenses of $197K, and assets of $986K (revenue -0.4% year-over-year).
- 2015: Revenue of $274K, expenses of $214K, and assets of $971K (revenue +6.7% year-over-year).
- 2014: Revenue of $256K, expenses of $199K, and assets of $976K (revenue +8.8% year-over-year).
- 2013: Revenue of $236K, expenses of $190K, and assets of $968K (revenue +1.0% year-over-year).
- 2012: Revenue of $233K, expenses of $165K, and assets of $970K (revenue +13.9% year-over-year).
- 2011: Revenue of $205K, expenses of $161K, and assets of $957K (revenue +27.1% year-over-year).
- 2010: Revenue of $161K, expenses of $158K, and assets of $940K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Doves Nest Inc:
Data Sources and Methodology
This transparency report for Doves Nest 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.