Hargraves Outreach Inc
EIN: 471427677 · Richmond, VA · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.8M |
| Net Assets | $1.5M |
Is Hargraves Outreach Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hargraves Outreach Inc
Hargraves Outreach Inc (EIN: 471427677) is a nonprofit organization based in Richmond, VA, classified under NTEE code T30. The organization reported total revenue of $2.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hargraves Outreach Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hargraves Outreach Inc is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 35.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$425K |
| Total Assets | $1.6M |
| Total Liabilities | $87K |
| Net Assets | $1.5M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 11.0 months |
Financial Health Grade: A
In 2023, Hargraves Outreach Inc reported a surplus of $425K with revenue exceeding expenses, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Hargraves Outreach Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +51.5% | +36.0% |
| 2022 | +36.9% | +41.1% | +57.4% |
| 2021 | +55.8% | +72.0% | +65.7% |
| 2020 | +65.5% | +3.8% | +361.1% |
| 2019 | +62.3% | +57.6% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hargraves Outreach 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 Hargraves Outreach 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 surplus of $425K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Hargraves Outreach Inc
Is Hargraves Outreach Inc a legitimate charity?
Hargraves Outreach Inc (EIN: 471427677) is a registered tax-exempt nonprofit based in Virginia. It has 7 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Hargraves Outreach Inc spend its money?
Hargraves Outreach Inc reported $2.7M in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hargraves Outreach Inc tax-deductible?
Hargraves Outreach Inc is registered as a tax-exempt nonprofit (EIN: 471427677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hargraves Outreach Inc located?
Hargraves Outreach Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 471427677. It is classified under NTEE code T30.
How many years of IRS 990 filings does Hargraves Outreach Inc have?
Hargraves Outreach Inc has 7 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Hargraves Outreach Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Hargraves Outreach Inc's revenue has grown by 504.6%, moving from $360K to $2.2M. Total assets increased by 1535.2% over the same period, from $98K to $1.6M. Total functional expenses rose by 507.3%, from $289K to $1.8M. In its most recent filing year (2023), Hargraves Outreach Inc reported a surplus of $425K, with revenue exceeding expenses. The organization holds $87K in liabilities against $1.6M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.8M | $1.6M | $87K | — | View 990 |
| 2022 | $1.6M | $1.2M | $1.2M | $87K | — | — |
| 2021 | $1.2M | $820K | $751K | $81K | — | View 990 |
| 2020 | $742K | $477K | $453K | $119K | — | — |
| 2019 | $448K | $459K | $98K | $29K | — | View 990 |
| 2018 | $276K | $291K | $89K | $8K | — | View 990 |
| 2017 | $360K | $289K | $98K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.8M, and assets of $1.6M (revenue +37.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.2M, and assets of $1.2M (revenue +36.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $820K, and assets of $751K (revenue +55.8% year-over-year).
- 2020: Revenue of $742K, expenses of $477K, and assets of $453K (revenue +65.5% year-over-year).
- 2019: Revenue of $448K, expenses of $459K, and assets of $98K (revenue +62.3% year-over-year).
- 2018: Revenue of $276K, expenses of $291K, and assets of $89K (revenue -23.4% year-over-year).
- 2017: Revenue of $360K, expenses of $289K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hargraves Outreach Inc:
Data Sources and Methodology
This transparency report for Hargraves Outreach 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.