Hamilton Lakes Pool Incorporated
EIN: 560770046 · Greensboro, NC
| Metric | Value |
|---|---|
| Total Revenue | $762K |
| Total Expenses | $568K |
| Net Assets | $464K |
Is Hamilton Lakes Pool Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hamilton Lakes Pool Incorporated
Hamilton Lakes Pool Incorporated (EIN: 560770046) is a nonprofit organization based in Greensboro, NC. The organization reported total revenue of $762K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamilton Lakes Pool Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hamilton Lakes Pool Incorporated is a small nonprofit that has been operating for 61 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $762K |
| Total Expenses | $568K |
| Surplus / Deficit | +$194K |
| Total Assets | $1.3M |
| Total Liabilities | $820K |
| Net Assets | $464K |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 63.8% |
| Months of Reserves | 27.2 months |
Financial Health Grade: A
In 2021, Hamilton Lakes Pool Incorporated reported a surplus of $194K with revenue exceeding expenses, holds 27.2 months of operating reserves (strong position), has a debt-to-asset ratio of 63.8% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Hamilton Lakes Pool Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +53.3% | +9.8% | +35.9% |
| 2020 | -8.5% | -2.6% | -2.6% |
| 2019 | -0.3% | +6.5% | +7.2% |
| 2018 | +6.9% | +5.3% | -0.5% |
| 2017 | +1.5% | +2.7% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hamilton Lakes Pool Incorporated 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 Hamilton Lakes Pool Incorporated 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $194K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.8%.
Frequently Asked Questions about Hamilton Lakes Pool Incorporated
Is Hamilton Lakes Pool Incorporated a legitimate charity?
Hamilton Lakes Pool Incorporated (EIN: 560770046) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $762K. No red flags identified. Financial health grade: A.
How does Hamilton Lakes Pool Incorporated spend its money?
Hamilton Lakes Pool Incorporated reported $762K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hamilton Lakes Pool Incorporated tax-deductible?
Hamilton Lakes Pool Incorporated is registered as a tax-exempt nonprofit (EIN: 560770046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hamilton Lakes Pool Incorporated located?
Hamilton Lakes Pool Incorporated is headquartered in Greensboro, North Carolina and files with the IRS under EIN 560770046.
How many years of IRS 990 filings does Hamilton Lakes Pool Incorporated have?
Hamilton Lakes Pool Incorporated has 11 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 $762K in total revenue.
Filing History
IRS 990 filing history for Hamilton Lakes Pool Incorporated showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Hamilton Lakes Pool Incorporated's revenue has grown by 69%, moving from $451K to $762K. Total assets decreased by 36.1% over the same period, from $2.0M to $1.3M. Total functional expenses rose by 36.4%, from $416K to $568K. In its most recent filing year (2021), Hamilton Lakes Pool Incorporated reported a surplus of $194K, with revenue exceeding expenses. The organization holds $820K in liabilities against $1.3M in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $464K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $762K | $568K | $1.3M | $820K | — | — |
| 2020 | $497K | $517K | $945K | $675K | — | — |
| 2019 | $543K | $531K | $970K | $679K | — | View 990 |
| 2018 | $545K | $499K | $905K | $627K | — | View 990 |
| 2017 | $510K | $474K | $910K | $678K | — | View 990 |
| 2016 | $502K | $461K | $931K | $735K | — | View 990 |
| 2015 | $504K | $474K | $930K | $775K | — | View 990 |
| 2014 | $437K | $471K | $946K | $820K | — | View 990 |
| 2013 | $450K | $458K | $1.0M | $861K | — | View 990 |
| 2012 | $474K | $430K | $2.0M | $903K | — | View 990 |
| 2011 | $451K | $416K | $2.0M | $915K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $762K, expenses of $568K, and assets of $1.3M (revenue +53.3% year-over-year).
- 2020: Revenue of $497K, expenses of $517K, and assets of $945K (revenue -8.5% year-over-year).
- 2019: Revenue of $543K, expenses of $531K, and assets of $970K (revenue -0.3% year-over-year).
- 2018: Revenue of $545K, expenses of $499K, and assets of $905K (revenue +6.9% year-over-year).
- 2017: Revenue of $510K, expenses of $474K, and assets of $910K (revenue +1.5% year-over-year).
- 2016: Revenue of $502K, expenses of $461K, and assets of $931K (revenue -0.3% year-over-year).
- 2015: Revenue of $504K, expenses of $474K, and assets of $930K (revenue +15.4% year-over-year).
- 2014: Revenue of $437K, expenses of $471K, and assets of $946K (revenue -3.0% year-over-year).
- 2013: Revenue of $450K, expenses of $458K, and assets of $1.0M (revenue -5.0% year-over-year).
- 2012: Revenue of $474K, expenses of $430K, and assets of $2.0M (revenue +5.2% year-over-year).
- 2011: Revenue of $451K, expenses of $416K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hamilton Lakes Pool Incorporated:
Data Sources and Methodology
This transparency report for Hamilton Lakes Pool Incorporated 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.