Halfway House Inc
Halfway House Inc. shows consistent financial growth and no reported officer compensation.
EIN: 10315847 · Portland, ME · NTEE: I31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Halfway House Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Halfway House Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Halfway House Inc
Halfway House Inc (EIN: 10315847) is a nonprofit organization based in Portland, ME, classified under NTEE code I31Z. The organization reported total revenue of $1.1M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halfway House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halfway House Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$71K |
| Total Assets | $1.4M |
| Total Liabilities | $49K |
| Net Assets | $1.4M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Halfway House Inc reported a surplus of $71K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Halfway House Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +9.3% | +5.4% |
| 2022 | -8.2% | +4.7% | +9.5% |
| 2021 | +35.0% | +7.2% | +35.0% |
| 2020 | +31.2% | +10.8% | +20.8% |
| 2019 | -10.4% | -12.2% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
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 Halfway House Inc with a Mission Score of 95 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, Halfway House 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 $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
Halfway House Inc. reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This suggests a highly efficient use of funds, with resources likely directed entirely towards 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 Halfway House Inc:
- Consistent growth in net assets, from $749,754 in 2019 to $1,410,978 in 2023.
- No reported officer compensation across all filings, indicating high efficiency.
- Revenues consistently exceeding expenses in recent years (e.g., $1,131,092 revenue vs. $1,060,566 expenses in 2023).
- Low liabilities relative to assets, demonstrating financial stability.
- Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
Frequently Asked Questions about Halfway House Inc
Is Halfway House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Halfway House Inc (EIN: 10315847) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Halfway House Inc spend its money?
Halfway House Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Halfway House Inc tax-deductible?
Halfway House Inc is registered as a tax-exempt nonprofit (EIN: 10315847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Halfway House Inc's spending goes to programs?
Halfway House Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Halfway House Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Halfway House Inc is above average for NTEE category I31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Halfway House Inc located?
Halfway House Inc is headquartered in Portland, Maine and files with the IRS under EIN 10315847. It is classified under NTEE code I31Z.
How many years of IRS 990 filings does Halfway House Inc have?
Halfway House Inc 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 $1.1M in total revenue.
Is Halfway House Inc. a good charity?
Based on the provided financial data, Halfway House Inc. appears to be a very good charity. It demonstrates strong financial health, consistent growth in assets, and a remarkable commitment to directing all reported funds towards its mission by not reporting any officer compensation.
How has Halfway House Inc.'s financial health changed over time?
Halfway House Inc. has shown significant financial improvement. Its assets have nearly doubled from $749,754 in 2019 to $1,410,978 in 2023, and it has consistently maintained revenues above expenses in recent years, indicating robust financial growth and stability.
What is Halfway House Inc.'s approach to executive compensation?
Halfway House Inc. reports 0% officer compensation in all available filings, suggesting a highly lean operational model where executive salaries are not a reported expense. This is a strong indicator of financial efficiency and a focus on program delivery.
Filing History
IRS 990 filing history for Halfway House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Halfway House Inc's revenue has grown by 50.5%, moving from $752K to $1.1M. Total assets increased by 64.1% over the same period, from $860K to $1.4M. Total functional expenses rose by 50.4%, from $705K to $1.1M. In its most recent filing year (2023), Halfway House Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $49K in liabilities against $1.4M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $1.4M | $49K | — | — |
| 2022 | $1.1M | $971K | $1.3M | $74K | — | View 990 |
| 2021 | $1.2M | $927K | $1.2M | $163K | — | View 990 |
| 2020 | $909K | $864K | $905K | $146K | — | View 990 |
| 2019 | $693K | $780K | $750K | $35K | — | View 990 |
| 2018 | $773K | $889K | $840K | $31K | — | View 990 |
| 2017 | $782K | $789K | $953K | $31K | — | View 990 |
| 2016 | $788K | $755K | $935K | $31K | — | View 990 |
| 2015 | $785K | $817K | $916K | $36K | — | View 990 |
| 2014 | $764K | $777K | $993K | $49K | — | View 990 |
| 2013 | $783K | $739K | $975K | $35K | — | View 990 |
| 2012 | $779K | $710K | $910K | $27K | — | View 990 |
| 2011 | $752K | $705K | $860K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.4M (revenue +0.5% year-over-year).
- 2022: Revenue of $1.1M, expenses of $971K, and assets of $1.3M (revenue -8.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $927K, and assets of $1.2M (revenue +35.0% year-over-year).
- 2020: Revenue of $909K, expenses of $864K, and assets of $905K (revenue +31.2% year-over-year).
- 2019: Revenue of $693K, expenses of $780K, and assets of $750K (revenue -10.4% year-over-year).
- 2018: Revenue of $773K, expenses of $889K, and assets of $840K (revenue -1.1% year-over-year).
- 2017: Revenue of $782K, expenses of $789K, and assets of $953K (revenue -0.8% year-over-year).
- 2016: Revenue of $788K, expenses of $755K, and assets of $935K (revenue +0.4% year-over-year).
- 2015: Revenue of $785K, expenses of $817K, and assets of $916K (revenue +2.8% year-over-year).
- 2014: Revenue of $764K, expenses of $777K, and assets of $993K (revenue -2.3% year-over-year).
- 2013: Revenue of $783K, expenses of $739K, and assets of $975K (revenue +0.4% year-over-year).
- 2012: Revenue of $779K, expenses of $710K, and assets of $910K (revenue +3.7% year-over-year).
- 2011: Revenue of $752K, expenses of $705K, and assets of $860K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Halfway House Inc:
Data Sources and Methodology
This transparency report for Halfway House 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.