Hancock County Sheltered Workshop Inc
EIN: 550487462 · Weirton, WV · NTEE: J33Z
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Net Assets | $4.5M |
Is Hancock County Sheltered Workshop Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hancock County Sheltered Workshop Inc
Hancock County Sheltered Workshop Inc (EIN: 550487462) is a nonprofit organization based in Weirton, WV, classified under NTEE code J33Z. The organization reported total revenue of $2.2M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock County Sheltered Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hancock County Sheltered Workshop Inc is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-91,541 |
| Total Assets | $5.2M |
| Total Liabilities | $688K |
| Net Assets | $4.5M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 13.3% |
| Months of Reserves | 31.7 months |
Financial Health Grade: B
In 2023, Hancock County Sheltered Workshop Inc reported a deficit of $92K with expenses exceeding revenue, holds 31.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hancock County Sheltered Workshop Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | -6.4% | +0.8% |
| 2022 | -18.4% | +0.9% | -2.1% |
| 2021 | -13.8% | -21.0% | +3.6% |
| 2020 | +4.3% | -4.7% | +7.9% |
| 2019 | -5.2% | -9.3% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hancock County Sheltered Workshop 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 Hancock County Sheltered Workshop 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 $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.3%.
Frequently Asked Questions about Hancock County Sheltered Workshop Inc
Is Hancock County Sheltered Workshop Inc a legitimate charity?
Hancock County Sheltered Workshop Inc (EIN: 550487462) is a registered tax-exempt nonprofit based in West Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: B.
How does Hancock County Sheltered Workshop Inc spend its money?
Hancock County Sheltered Workshop Inc reported $2.2M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hancock County Sheltered Workshop Inc tax-deductible?
Hancock County Sheltered Workshop Inc is registered as a tax-exempt nonprofit (EIN: 550487462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hancock County Sheltered Workshop Inc located?
Hancock County Sheltered Workshop Inc is headquartered in Weirton, West Virginia and files with the IRS under EIN 550487462. It is classified under NTEE code J33Z.
How many years of IRS 990 filings does Hancock County Sheltered Workshop Inc have?
Hancock County Sheltered Workshop 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Hancock County Sheltered Workshop Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hancock County Sheltered Workshop Inc's revenue has declined by 39.7%, moving from $3.1M to $1.9M. Total assets increased by 85.1% over the same period, from $2.8M to $5.2M. Total functional expenses fell by 33.1%, from $2.9M to $2.0M. In its most recent filing year (2023), Hancock County Sheltered Workshop Inc reported a deficit of $92K, with expenses exceeding revenue. The organization holds $688K in liabilities against $5.2M in assets (debt-to-asset ratio: 13.3%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $5.2M | $688K | — | — |
| 2022 | $2.1M | $2.1M | $5.1M | $804K | — | View 990 |
| 2021 | $2.5M | $2.1M | $5.3M | $825K | — | — |
| 2020 | $2.9M | $2.6M | $5.1M | $1.1M | — | View 990 |
| 2019 | $2.8M | $2.8M | $4.7M | $941K | — | View 990 |
| 2018 | $3.0M | $3.0M | $4.1M | $455K | — | View 990 |
| 2017 | $3.2M | $3.1M | $4.3M | $509K | — | View 990 |
| 2016 | $3.2M | $3.0M | $4.2M | $549K | — | View 990 |
| 2015 | $3.4M | $3.1M | $4.0M | $590K | — | View 990 |
| 2014 | $3.5M | $3.2M | $3.7M | $937K | — | View 990 |
| 2013 | $3.3M | $3.0M | $3.4M | $929K | — | View 990 |
| 2012 | $3.2M | $3.0M | $3.1M | $945K | — | View 990 |
| 2011 | $3.1M | $2.9M | $2.8M | $860K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $5.2M (revenue -9.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $5.1M (revenue -18.4% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.1M, and assets of $5.3M (revenue -13.8% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.6M, and assets of $5.1M (revenue +4.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $4.7M (revenue -5.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.0M, and assets of $4.1M (revenue -7.5% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.1M, and assets of $4.3M (revenue +0.4% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.0M, and assets of $4.2M (revenue -4.7% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.1M, and assets of $4.0M (revenue -3.6% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.2M, and assets of $3.7M (revenue +4.8% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.0M, and assets of $3.4M (revenue +4.0% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.0M, and assets of $3.1M (revenue +3.3% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.9M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hancock County Sheltered Workshop Inc:
Data Sources and Methodology
This transparency report for Hancock County Sheltered Workshop 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.