Finex House Incorporated
Finex House: Consistent Revenue, Growing Assets, and Strong Program Focus
EIN: 222479325 · Dorchester, MA · NTEE: P43Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Finex House Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finex House Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finex House Incorporated
Finex House Incorporated (EIN: 222479325) is a nonprofit organization based in Dorchester, MA, classified under NTEE code P43Z. The organization reported total revenue of $1.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finex House Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finex House Incorporated is a mid-size nonprofit that has been operating for 43 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$267K |
| Total Assets | $1.3M |
| Total Liabilities | $157K |
| Net Assets | $1.1M |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 12.1% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2022, Finex House Incorporated reported a surplus of $267K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 12.1% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Finex House Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.2% | -22.9% | +27.5% |
| 2021 | +3.5% | +29.8% | -10.9% |
| 2020 | +11.2% | +11.6% | +13.1% |
| 2019 | -0.4% | +5.2% | +14.1% |
| 2018 | +5.4% | +0.5% | +25.1% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Finex House Incorporated with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Finex House Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $267K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the consistent reporting of 0% compensation from related parties suggests a focus on independent governance.
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 Finex House Incorporated:
- Consistent revenue growth over eight years.
- Significant asset growth, indicating strong financial management.
- Low liability-to-asset ratio, suggesting financial health.
- No reported related-party compensation, enhancing trust.
- Positive trend in net assets.
Frequently Asked Questions about Finex House Incorporated
Is Finex House Incorporated a legitimate charity?
Finex House Incorporated (EIN: 222479325) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Finex House Incorporated spend its money?
Finex House Incorporated directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Finex House Incorporated tax-deductible?
Finex House Incorporated is registered as a tax-exempt nonprofit (EIN: 222479325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Finex House Incorporated's spending goes to programs?
Finex House Incorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finex House Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Finex House Incorporated is above average for NTEE category P43Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finex House Incorporated located?
Finex House Incorporated is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 222479325. It is classified under NTEE code P43Z.
How many years of IRS 990 filings does Finex House Incorporated have?
Finex House Incorporated 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 $1.3M in total revenue.
What does Finex House Incorporated do?
Finex House Incorporated is a nonprofit organization in the Human Services sector, located in Dorchester, Massachusetts. It is classified under NTEE code P43Z.
How much revenue does Finex House Incorporated have?
Finex House Incorporated reported total revenue of $1,301,593. Based on 11 IRS 990 filings on record.
What are Finex House Incorporated's total assets?
Finex House Incorporated holds total assets of $1,760,383 as reported in IRS 990 filings.
Where is Finex House Incorporated located?
Finex House Incorporated is based in Dorchester, Massachusetts.
What is Finex House Incorporated's EIN?
Finex House Incorporated's Employer Identification Number (EIN) is 222479325. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Finex House Incorporated?
Finex House Incorporated is classified under NTEE code P43Z (Human Services).
Is Finex House Incorporated a registered 501(c)(3)?
Yes, Finex House Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222479325.
Does Finex House Incorporated file IRS Form 990?
Yes, Finex House Incorporated has 11 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Finex House Incorporated's revenue in 2022?
In the 202206 filing period, Finex House Incorporated reported total revenue of $1,500,896, total expenses of $1,233,957, and net assets of $1,291,278.
Is Finex House Incorporated's revenue growing or declining?
Finex House Incorporated's revenue is growing. Revenue went from $1,413,758 (202106) to $1,500,896 (202206), a +6.2% change. Based on 11 filings on record.
What is Finex House Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Finex House Incorporated covers tax period 202206. It shows revenue of $1,500,896, expenses of $1,233,957, total assets of $1,291,278, and liabilities of $156,664.
How much does Finex House Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Finex House Incorporated allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Finex House Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Finex House Incorporated appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Finex House Incorporated's strengths?
Positive indicators for Finex House Incorporated include: Consistent revenue growth over eight years.. Significant asset growth, indicating strong financial management.. Low liability-to-asset ratio, suggesting financial health.. No reported related-party compensation, enhancing trust.. Positive trend in net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Finex House Incorporated compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the consistent reporting of 0% compensation from related parties suggests a focus on independent governance. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Finex House managed to achieve such consistent asset growth despite fluctuations in annual revenue and expenses?
Finex House has consistently maintained a positive difference between revenue and expenses in most years, allowing for reinvestment and asset accumulation. For example, in 2022, revenue was $1,500,896 while expenses were $1,233,957, contributing to asset growth.
What specific strategies might Finex House be employing to keep its liabilities relatively low compared to its growing assets?
The organization appears to be managing its finances prudently, avoiding excessive debt. Liabilities have remained relatively stable, such as $156,664 in 2022, while assets have significantly increased, indicating a strong balance sheet and potentially a focus on funding operations through revenue rather than borrowing.
Filing History
IRS 990 filing history for Finex House Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Finex House Incorporated's revenue has grown by 92.7%, moving from $779K to $1.5M. Total assets increased by 298.2% over the same period, from $324K to $1.3M. Total functional expenses rose by 57%, from $786K to $1.2M. In its most recent filing year (2022), Finex House Incorporated reported a surplus of $267K, with revenue exceeding expenses. The organization holds $157K in liabilities against $1.3M in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.5M | $1.2M | $1.3M | $157K | — | View 990 |
| 2021 | $1.4M | $1.6M | $1.0M | $145K | — | — |
| 2020 | $1.4M | $1.2M | $1.1M | $82K | — | View 990 |
| 2019 | $1.2M | $1.1M | $1.0M | $82K | — | View 990 |
| 2018 | $1.2M | $1.1M | $880K | $80K | — | View 990 |
| 2017 | $1.2M | $1.0M | $704K | $86K | — | View 990 |
| 2016 | $973K | $918K | $565K | $72K | — | View 990 |
| 2015 | $981K | $825K | $494K | $57K | — | View 990 |
| 2014 | $784K | $769K | $329K | $49K | — | View 990 |
| 2013 | $775K | $792K | $302K | $36K | — | View 990 |
| 2012 | $779K | $786K | $324K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $1.3M (revenue +6.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.6M, and assets of $1.0M (revenue +3.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $1.1M (revenue +11.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue -0.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $880K (revenue +5.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.0M, and assets of $704K (revenue +20.1% year-over-year).
- 2016: Revenue of $973K, expenses of $918K, and assets of $565K (revenue -0.8% year-over-year).
- 2015: Revenue of $981K, expenses of $825K, and assets of $494K (revenue +25.1% year-over-year).
- 2014: Revenue of $784K, expenses of $769K, and assets of $329K (revenue +1.2% year-over-year).
- 2013: Revenue of $775K, expenses of $792K, and assets of $302K (revenue -0.5% year-over-year).
- 2012: Revenue of $779K, expenses of $786K, and assets of $324K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finex House Incorporated:
Data Sources and Methodology
This transparency report for Finex House 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.