Group Homes For Children Inc
EIN: 351265621 · Lafayette, IN · NTEE: P700
| Metric | Value |
|---|---|
| Total Revenue | $409K |
| Total Expenses | $457K |
| Net Assets | $532K |
Is Group Homes For Children Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Group Homes For Children Inc
Group Homes For Children Inc (EIN: 351265621) is a nonprofit organization based in Lafayette, IN, classified under NTEE code P700. The organization reported total revenue of $409K and total assets of $451K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Group Homes For Children Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Group Homes For Children Inc is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $605K |
| Total Expenses | $457K |
| Surplus / Deficit | +$148K |
| Total Assets | $544K |
| Total Liabilities | $12K |
| Net Assets | $532K |
| Operating Margin | 24.4% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 14.3 months |
Financial Health Grade: A
In 2023, Group Homes For Children Inc reported a surplus of $148K with revenue exceeding expenses, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Group Homes For Children Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | +8.3% | +37.2% |
| 2022 | +79.8% | +26.8% | +169.5% |
| 2020 | -2.3% | -6.7% | -26.5% |
| 2019 | +13.0% | +-0.0% | -26.8% |
| 2018 | -28.0% | +0.5% | -32.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Group Homes For Children 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 Group Homes For Children 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 surplus of $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Group Homes For Children Inc
Is Group Homes For Children Inc a legitimate charity?
Group Homes For Children Inc (EIN: 351265621) is a registered tax-exempt nonprofit based in Indiana. It has 12 years of IRS 990 filings on record. Total revenue: $409K. No red flags identified. Financial health grade: A.
How does Group Homes For Children Inc spend its money?
Group Homes For Children Inc reported $409K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Group Homes For Children Inc tax-deductible?
Group Homes For Children Inc is registered as a tax-exempt nonprofit (EIN: 351265621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Group Homes For Children Inc located?
Group Homes For Children Inc is headquartered in Lafayette, Indiana and files with the IRS under EIN 351265621. It is classified under NTEE code P700.
How many years of IRS 990 filings does Group Homes For Children Inc have?
Group Homes For Children Inc has 12 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 $409K in total revenue.
Filing History
IRS 990 filing history for Group Homes For Children Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Group Homes For Children Inc's revenue has grown by 272.5%, moving from $162K to $605K. Total assets decreased by 12.6% over the same period, from $623K to $544K. Total functional expenses rose by 19.4%, from $383K to $457K. In its most recent filing year (2023), Group Homes For Children Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $12K in liabilities against $544K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $532K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $605K | $457K | $544K | $12K | — | — |
| 2022 | $483K | $422K | $397K | $12K | — | View 990 |
| 2020 | $269K | $333K | $147K | $14K | — | — |
| 2019 | $275K | $357K | $200K | $6K | — | View 990 |
| 2018 | $244K | $357K | $273K | $18K | — | View 990 |
| 2017 | $338K | $355K | $404K | $13K | — | View 990 |
| 2016 | $406K | $355K | $401K | $14K | — | View 990 |
| 2015 | $334K | $349K | $335K | $15K | — | View 990 |
| 2014 | $327K | $336K | $353K | $10K | — | View 990 |
| 2013 | $204K | $343K | $354K | $9K | — | View 990 |
| 2012 | $167K | $374K | $438K | $7K | — | View 990 |
| 2011 | $162K | $383K | $623K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $605K, expenses of $457K, and assets of $544K (revenue +25.1% year-over-year).
- 2022: Revenue of $483K, expenses of $422K, and assets of $397K (revenue +79.8% year-over-year).
- 2020: Revenue of $269K, expenses of $333K, and assets of $147K (revenue -2.3% year-over-year).
- 2019: Revenue of $275K, expenses of $357K, and assets of $200K (revenue +13.0% year-over-year).
- 2018: Revenue of $244K, expenses of $357K, and assets of $273K (revenue -28.0% year-over-year).
- 2017: Revenue of $338K, expenses of $355K, and assets of $404K (revenue -16.7% year-over-year).
- 2016: Revenue of $406K, expenses of $355K, and assets of $401K (revenue +21.7% year-over-year).
- 2015: Revenue of $334K, expenses of $349K, and assets of $335K (revenue +2.1% year-over-year).
- 2014: Revenue of $327K, expenses of $336K, and assets of $353K (revenue +60.6% year-over-year).
- 2013: Revenue of $204K, expenses of $343K, and assets of $354K (revenue +21.7% year-over-year).
- 2012: Revenue of $167K, expenses of $374K, and assets of $438K (revenue +3.1% year-over-year).
- 2011: Revenue of $162K, expenses of $383K, and assets of $623K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Group Homes For Children Inc:
Data Sources and Methodology
This transparency report for Group Homes For Children 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.