Friends Of The Castle
EIN: 311337923 · Centerville, OH · NTEE: B60Z
| Metric | Value |
|---|---|
| Total Revenue | $376K |
| Total Expenses | $243K |
| Net Assets | $502K |
Is Friends Of The Castle Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of The Castle
Friends Of The Castle (EIN: 311337923) is a nonprofit organization based in Centerville, OH, classified under NTEE code B60Z. The organization reported total revenue of $376K and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Castle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Castle is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $386K |
| Total Expenses | $243K |
| Surplus / Deficit | +$143K |
| Total Assets | $624K |
| Total Liabilities | $123K |
| Net Assets | $502K |
| Operating Margin | 37.1% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 30.8 months |
Financial Health Grade: A
In 2023, Friends Of The Castle reported a surplus of $143K with revenue exceeding expenses, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Friends Of The Castle's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.2% | -5.9% | -5.5% |
| 2022 | +14.3% | +9.3% | -1.4% |
| 2021 | -17.0% | +0.6% | -5.3% |
| 2020 | -16.4% | -5.8% | +4.1% |
| 2019 | +117.2% | +96.3% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of The Castle 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 Friends Of The Castle 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 surplus of $143K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.6%.
Frequently Asked Questions about Friends Of The Castle
Is Friends Of The Castle a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Castle (EIN: 311337923) insufficient data. 0 red flags identified, 0 strengths noted.
How does Friends Of The Castle spend its money?
Detailed spending breakdown data is not yet available for Friends Of The Castle. Check back for updated IRS 990 analysis.
Are donations to Friends Of The Castle tax-deductible?
Friends Of The Castle is registered as a tax-exempt nonprofit (EIN: 311337923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of The Castle located?
Friends Of The Castle is headquartered in Centerville, Ohio and files with the IRS under EIN 311337923. It is classified under NTEE code B60Z.
How many years of IRS 990 filings does Friends Of The Castle have?
Friends Of The Castle 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 $376K in total revenue.
Filing History
IRS 990 filing history for Friends Of The Castle showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Friends Of The Castle's revenue has grown by 65.5%, moving from $233K to $386K. Total assets increased by 91.8% over the same period, from $326K to $624K. Total functional expenses fell by 0.1%, from $243K to $243K. In its most recent filing year (2023), Friends Of The Castle reported a surplus of $143K, with revenue exceeding expenses. The organization holds $123K in liabilities against $624K in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $502K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $386K | $243K | $624K | $123K | — | — |
| 2022 | $254K | $258K | $661K | $301K | — | View 990 |
| 2021 | $222K | $236K | $670K | $308K | — | View 990 |
| 2020 | $268K | $235K | $707K | $331K | — | View 990 |
| 2019 | $320K | $249K | $679K | $336K | — | View 990 |
| 2018 | $147K | $127K | $639K | $366K | — | View 990 |
| 2018 | $209K | $253K | $612K | $360K | — | View 990 |
| 2017 | $196K | $220K | $624K | $374K | — | View 990 |
| 2016 | $220K | $214K | $285K | $11K | — | View 990 |
| 2015 | $286K | $264K | $279K | $11K | — | View 990 |
| 2014 | $294K | $297K | $265K | $19K | — | View 990 |
| 2013 | $212K | $278K | $265K | $16K | — | View 990 |
| 2012 | $233K | $243K | $326K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $386K, expenses of $243K, and assets of $624K (revenue +52.2% year-over-year).
- 2022: Revenue of $254K, expenses of $258K, and assets of $661K (revenue +14.3% year-over-year).
- 2021: Revenue of $222K, expenses of $236K, and assets of $670K (revenue -17.0% year-over-year).
- 2020: Revenue of $268K, expenses of $235K, and assets of $707K (revenue -16.4% year-over-year).
- 2019: Revenue of $320K, expenses of $249K, and assets of $679K (revenue +117.2% year-over-year).
- 2018: Revenue of $147K, expenses of $127K, and assets of $639K (revenue -29.5% year-over-year).
- 2018: Revenue of $209K, expenses of $253K, and assets of $612K (revenue +6.9% year-over-year).
- 2017: Revenue of $196K, expenses of $220K, and assets of $624K (revenue -11.2% year-over-year).
- 2016: Revenue of $220K, expenses of $214K, and assets of $285K (revenue -23.0% year-over-year).
- 2015: Revenue of $286K, expenses of $264K, and assets of $279K (revenue -2.6% year-over-year).
- 2014: Revenue of $294K, expenses of $297K, and assets of $265K (revenue +38.5% year-over-year).
- 2013: Revenue of $212K, expenses of $278K, and assets of $265K (revenue -9.2% year-over-year).
- 2012: Revenue of $233K, expenses of $243K, and assets of $326K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Castle:
Data Sources and Methodology
This transparency report for Friends Of The Castle 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.