Hammonds House Galleries Inc
EIN: 581813743 · Atlanta, GA · NTEE: A500
| Metric | Value |
|---|---|
| Total Revenue | $540K |
| Total Expenses | $476K |
| Net Assets | $601K |
Is Hammonds House Galleries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hammonds House Galleries Inc
Hammonds House Galleries Inc (EIN: 581813743) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A500. The organization reported total revenue of $540K and total assets of $518K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hammonds House Galleries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hammonds House Galleries Inc is a small nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $432K |
| Total Expenses | $476K |
| Surplus / Deficit | $-44,668 |
| Total Assets | $604K |
| Total Liabilities | $3K |
| Net Assets | $601K |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, Hammonds House Galleries Inc reported a deficit of $45K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Hammonds House Galleries Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +53.2% | -6.6% |
| 2022 | +52.4% | +17.4% | +31.4% |
| 2021 | +12.6% | +23.0% | +11.2% |
| 2020 | -23.2% | -31.6% | +6.5% |
| 2019 | +67.7% | +41.2% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hammonds House Galleries 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 Hammonds House Galleries 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Hammonds House Galleries Inc
Is Hammonds House Galleries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hammonds House Galleries Inc (EIN: 581813743) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hammonds House Galleries Inc spend its money?
Detailed spending breakdown data is not yet available for Hammonds House Galleries Inc. Check back for updated IRS 990 analysis.
Are donations to Hammonds House Galleries Inc tax-deductible?
Hammonds House Galleries Inc is registered as a tax-exempt nonprofit (EIN: 581813743). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hammonds House Galleries Inc located?
Hammonds House Galleries Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 581813743. It is classified under NTEE code A500.
How many years of IRS 990 filings does Hammonds House Galleries Inc have?
Hammonds House Galleries Inc has 14 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 $540K in total revenue.
Filing History
IRS 990 filing history for Hammonds House Galleries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Hammonds House Galleries Inc's revenue has grown by 248.3%, moving from $124K to $432K. Total assets increased by 56.5% over the same period, from $386K to $604K. Total functional expenses rose by 169.4%, from $177K to $476K. In its most recent filing year (2023), Hammonds House Galleries Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $3K in liabilities against $604K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $601K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $432K | $476K | $604K | $3K | — | — |
| 2022 | $457K | $311K | $647K | $1K | — | View 990 |
| 2021 | $300K | $265K | $492K | $2K | — | View 990 |
| 2020 | $266K | $215K | $443K | $3K | — | View 990 |
| 2019 | $347K | $315K | $416K | $27K | — | View 990 |
| 2018 | $207K | $223K | $419K | $63K | — | View 990 |
| 2017 | $129K | $112K | $417K | $45K | — | View 990 |
| 2017 | $141K | $172K | $411K | $56K | — | View 990 |
| 2016 | $46K | $81K | $382K | $15K | — | View 990 |
| 2015 | $72K | $68K | $418K | $17K | — | View 990 |
| 2014 | $67K | $50K | $398K | $26K | — | View 990 |
| 2013 | $86K | $68K | $381K | $26K | — | View 990 |
| 2012 | $100K | $134K | $366K | $38K | — | View 990 |
| 2011 | $124K | $177K | $386K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $432K, expenses of $476K, and assets of $604K (revenue -5.6% year-over-year).
- 2022: Revenue of $457K, expenses of $311K, and assets of $647K (revenue +52.4% year-over-year).
- 2021: Revenue of $300K, expenses of $265K, and assets of $492K (revenue +12.6% year-over-year).
- 2020: Revenue of $266K, expenses of $215K, and assets of $443K (revenue -23.2% year-over-year).
- 2019: Revenue of $347K, expenses of $315K, and assets of $416K (revenue +67.7% year-over-year).
- 2018: Revenue of $207K, expenses of $223K, and assets of $419K (revenue +60.9% year-over-year).
- 2017: Revenue of $129K, expenses of $112K, and assets of $417K (revenue -8.6% year-over-year).
- 2017: Revenue of $141K, expenses of $172K, and assets of $411K (revenue +203.6% year-over-year).
- 2016: Revenue of $46K, expenses of $81K, and assets of $382K (revenue -36.0% year-over-year).
- 2015: Revenue of $72K, expenses of $68K, and assets of $418K (revenue +8.4% year-over-year).
- 2014: Revenue of $67K, expenses of $50K, and assets of $398K (revenue -22.5% year-over-year).
- 2013: Revenue of $86K, expenses of $68K, and assets of $381K (revenue -14.0% year-over-year).
- 2012: Revenue of $100K, expenses of $134K, and assets of $366K (revenue -19.2% year-over-year).
- 2011: Revenue of $124K, expenses of $177K, and assets of $386K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hammonds House Galleries Inc:
Data Sources and Methodology
This transparency report for Hammonds House Galleries 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.