Glovers Hometown Heroes Inc
EIN: 815312341 · Plymouth, MI · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $176K |
| Total Expenses | $201K |
| Net Assets | $28K |
Is Glovers Hometown Heroes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Glovers Hometown Heroes Inc
Glovers Hometown Heroes Inc (EIN: 815312341) is a nonprofit organization based in Plymouth, MI, classified under NTEE code P80. The organization reported total revenue of $176K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glovers Hometown Heroes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glovers Hometown Heroes Inc is a small nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $201K |
| Surplus / Deficit | $-25,143 |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | -14.3% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2022, Glovers Hometown Heroes Inc reported a deficit of $25K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2019–2022), Glovers Hometown Heroes Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +29.5% | +51.7% | -47.6% |
| 2021 | +28.1% | +27.1% | +6.6% |
| 2020 | -38.1% | -40.1% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Glovers Hometown Heroes 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 Glovers Hometown Heroes 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
Frequently Asked Questions about Glovers Hometown Heroes Inc
Is Glovers Hometown Heroes Inc a legitimate charity?
Glovers Hometown Heroes Inc (EIN: 815312341) is a registered tax-exempt nonprofit based in Michigan. It has 4 years of IRS 990 filings on record. Total revenue: $176K. No red flags identified. Financial health grade: C.
How does Glovers Hometown Heroes Inc spend its money?
Glovers Hometown Heroes Inc reported $176K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Glovers Hometown Heroes Inc tax-deductible?
Glovers Hometown Heroes Inc is registered as a tax-exempt nonprofit (EIN: 815312341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Glovers Hometown Heroes Inc located?
Glovers Hometown Heroes Inc is headquartered in Plymouth, Michigan and files with the IRS under EIN 815312341. It is classified under NTEE code P80.
How many years of IRS 990 filings does Glovers Hometown Heroes Inc have?
Glovers Hometown Heroes Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $176K in total revenue.
Filing History
IRS 990 filing history for Glovers Hometown Heroes Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Glovers Hometown Heroes Inc's revenue has grown by 2.8%, moving from $171K to $176K. Total assets decreased by 42.1% over the same period, from $48K to $28K. Total functional expenses rose by 15.6%, from $174K to $201K. In its most recent filing year (2022), Glovers Hometown Heroes Inc reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $176K | $201K | $28K | $0 | — | — |
| 2021 | $136K | $132K | $53K | $0 | — | — |
| 2020 | $106K | $104K | $50K | $0 | — | — |
| 2019 | $171K | $174K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $176K, expenses of $201K, and assets of $28K (revenue +29.5% year-over-year).
- 2021: Revenue of $136K, expenses of $132K, and assets of $53K (revenue +28.1% year-over-year).
- 2020: Revenue of $106K, expenses of $104K, and assets of $50K (revenue -38.1% year-over-year).
- 2019: Revenue of $171K, expenses of $174K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glovers Hometown Heroes Inc:
Data Sources and Methodology
This transparency report for Glovers Hometown Heroes 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.