Hamaspik Of Kings County Inc
Hamaspik Of Kings County Inc shows explosive revenue growth and strong program spending with no reported officer compensation.
EIN: 161522895 · Brooklyn, NY · NTEE: P70I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $175.3M |
| Total Expenses | $165.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $184 |
| Net Assets | $73.9M |
| Transparency Score | 92/100 |
Is Hamaspik Of Kings County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hamaspik Of Kings County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hamaspik Of Kings County Inc
Hamaspik Of Kings County Inc (EIN: 161522895) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P70I. The organization reported total revenue of $175.3M and total assets of $171.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamaspik Of Kings County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamaspik Of Kings County Inc is a major nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $184.9M |
| Total Expenses | $165.5M |
| Surplus / Deficit | +$19.4M |
| Total Assets | $166.7M |
| Total Liabilities | $92.7M |
| Net Assets | $73.9M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 55.6% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Hamaspik Of Kings County Inc reported a surplus of $19.4M with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 55.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hamaspik Of Kings County Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.5% | +36.7% | +118.2% |
| 2022 | +102.1% | +79.7% | +101.0% |
| 2021 | +74.5% | +68.4% | +41.9% |
| 2020 | +70.4% | +65.9% | +47.9% |
| 2019 | +29.3% | +23.8% | +23.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Hamaspik Of Kings County Inc with a Mission Score of 92 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, Hamaspik Of Kings County 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 $19.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, especially with $184 million in revenue in 2023. This suggests that key executives may be compensated through other mechanisms not classified as officer compensation on the 990, or they are genuinely unpaid, which would be a significant strength in terms of efficiency.
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.
Red Flags
The following concerns were identified during AI analysis of Hamaspik Of Kings County Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size and growth could indicate compensation is reported in other categories or through related entities, warranting further investigation for full transparency.
Strengths
The following positive indicators were identified for Hamaspik Of Kings County Inc:
- Exceptional program spending ratio (90% in 2023), indicating a strong focus on its mission.
- Phenomenal revenue growth from $11.5M in 2014 to $184.8M in 2023.
- Healthy financial reserves with assets significantly exceeding liabilities ($166.6M assets vs $92.7M liabilities in 2023).
- Consistent operational surpluses, allowing for asset accumulation and sustained growth.
Frequently Asked Questions about Hamaspik Of Kings County Inc
Is Hamaspik Of Kings County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamaspik Of Kings County Inc (EIN: 161522895) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Hamaspik Of Kings County Inc spend its money?
Hamaspik Of Kings County Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hamaspik Of Kings County Inc tax-deductible?
Hamaspik Of Kings County Inc is registered as a tax-exempt nonprofit (EIN: 161522895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hamaspik Of Kings County Inc CEO make?
Hamaspik Of Kings County Inc's highest-compensated officer earns $184 annually. The organization reported $175.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hamaspik Of Kings County Inc's spending goes to programs?
Hamaspik Of Kings County Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hamaspik Of Kings County Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hamaspik Of Kings County Inc is above average for NTEE category P70I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hamaspik Of Kings County Inc located?
Hamaspik Of Kings County Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 161522895. It is classified under NTEE code P70I.
How many years of IRS 990 filings does Hamaspik Of Kings County Inc have?
Hamaspik Of Kings County 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 $175.3M in total revenue.
Is Hamaspik Of Kings County Inc a good charity?
Based on its financial data, Hamaspik Of Kings County Inc appears to be a very good charity. It demonstrates exceptional program spending efficiency (90% of expenses on programs in 2023), strong financial growth, and a healthy asset base. The consistent reporting of 0% officer compensation is a unique positive, though it warrants further inquiry for complete understanding.
How has Hamaspik Of Kings County Inc's revenue grown over time?
Hamaspik Of Kings County Inc has experienced explosive revenue growth, increasing from $11.5 million in 2014 to $184.8 million in 2023, representing a nearly 1500% increase over nine years.
What is the organization's financial health?
The organization's financial health is strong. In 2023, it reported $184.8 million in revenue against $165.4 million in expenses, resulting in a surplus. Its assets of $166.6 million significantly outweigh its liabilities of $92.7 million, indicating a solid financial position.
Filing History
IRS 990 filing history for Hamaspik Of Kings County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hamaspik Of Kings County Inc's revenue has grown by 1685.3%, moving from $10.4M to $184.9M. Total assets increased by 1870.9% over the same period, from $8.5M to $166.7M. Total functional expenses rose by 1710.3%, from $9.1M to $165.5M. In its most recent filing year (2023), Hamaspik Of Kings County Inc reported a surplus of $19.4M, with revenue exceeding expenses. The organization holds $92.7M in liabilities against $166.7M in assets (debt-to-asset ratio: 55.6%), resulting in net assets of $73.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $184.9M | $165.5M | $166.7M | $92.7M | — | View 990 |
| 2022 | $152.1M | $121.1M | $76.4M | $21.8M | — | View 990 |
| 2021 | $75.3M | $67.4M | $38.0M | $14.5M | — | View 990 |
| 2020 | $43.1M | $40.0M | $26.8M | $11.2M | — | View 990 |
| 2019 | $25.3M | $24.1M | $18.1M | $5.7M | — | View 990 |
| 2018 | $19.6M | $19.5M | $14.7M | $3.5M | — | View 990 |
| 2017 | $17.0M | $16.4M | $13.5M | $2.4M | — | View 990 |
| 2016 | $15.3M | $14.1M | $12.7M | $2.3M | — | View 990 |
| 2015 | $13.0M | $12.0M | $11.6M | $2.6M | — | View 990 |
| 2014 | $11.5M | $10.9M | $10.7M | $2.8M | — | View 990 |
| 2013 | $10.8M | $9.8M | $10.3M | $3.0M | — | View 990 |
| 2012 | $10.5M | $9.3M | $9.5M | $3.3M | — | View 990 |
| 2011 | $10.4M | $9.1M | $8.5M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $184.9M, expenses of $165.5M, and assets of $166.7M (revenue +21.5% year-over-year).
- 2022: Revenue of $152.1M, expenses of $121.1M, and assets of $76.4M (revenue +102.1% year-over-year).
- 2021: Revenue of $75.3M, expenses of $67.4M, and assets of $38.0M (revenue +74.5% year-over-year).
- 2020: Revenue of $43.1M, expenses of $40.0M, and assets of $26.8M (revenue +70.4% year-over-year).
- 2019: Revenue of $25.3M, expenses of $24.1M, and assets of $18.1M (revenue +29.3% year-over-year).
- 2018: Revenue of $19.6M, expenses of $19.5M, and assets of $14.7M (revenue +15.0% year-over-year).
- 2017: Revenue of $17.0M, expenses of $16.4M, and assets of $13.5M (revenue +10.9% year-over-year).
- 2016: Revenue of $15.3M, expenses of $14.1M, and assets of $12.7M (revenue +17.6% year-over-year).
- 2015: Revenue of $13.0M, expenses of $12.0M, and assets of $11.6M (revenue +13.0% year-over-year).
- 2014: Revenue of $11.5M, expenses of $10.9M, and assets of $10.7M (revenue +6.5% year-over-year).
- 2013: Revenue of $10.8M, expenses of $9.8M, and assets of $10.3M (revenue +3.4% year-over-year).
- 2012: Revenue of $10.5M, expenses of $9.3M, and assets of $9.5M (revenue +1.2% year-over-year).
- 2011: Revenue of $10.4M, expenses of $9.1M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamaspik Of Kings County Inc:
Data Sources and Methodology
This transparency report for Hamaspik Of Kings County 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.