Hba Of Durham Orange & Chatham Counties Foundation Inc
EIN: 562074868 · Durham, NC · NTEE: B820
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $125K |
| Net Assets | $263K |
Is Hba Of Durham Orange & Chatham Counties Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hba Of Durham Orange & Chatham Counties Foundation Inc
Hba Of Durham Orange & Chatham Counties Foundation Inc (EIN: 562074868) is a nonprofit organization based in Durham, NC, classified under NTEE code B820. The organization reported total revenue of $287K and total assets of $441K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hba Of Durham Orange & Chatham Counties Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hba Of Durham Orange & Chatham Counties Foundation Inc is a small nonprofit that has been operating for 27 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 27.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $125K |
| Surplus / Deficit | +$148K |
| Total Assets | $305K |
| Total Liabilities | $42K |
| Net Assets | $263K |
| Operating Margin | 54.3% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 29.3 months |
Financial Health Grade: A
In 2023, Hba Of Durham Orange & Chatham Counties Foundation Inc reported a surplus of $148K with revenue exceeding expenses, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hba Of Durham Orange & Chatham Counties Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +161.1% | -40.6% | +99.9% |
| 2022 | -37.4% | +1140.1% | -41.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hba Of Durham Orange & Chatham Counties Foundation 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 Hba Of Durham Orange & Chatham Counties Foundation 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 $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.7%.
Frequently Asked Questions about Hba Of Durham Orange & Chatham Counties Foundation Inc
Is Hba Of Durham Orange & Chatham Counties Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hba Of Durham Orange & Chatham Counties Foundation Inc (EIN: 562074868) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hba Of Durham Orange & Chatham Counties Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Hba Of Durham Orange & Chatham Counties Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Hba Of Durham Orange & Chatham Counties Foundation Inc tax-deductible?
Hba Of Durham Orange & Chatham Counties Foundation Inc is registered as a tax-exempt nonprofit (EIN: 562074868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hba Of Durham Orange & Chatham Counties Foundation Inc located?
Hba Of Durham Orange & Chatham Counties Foundation Inc is headquartered in Durham, North Carolina and files with the IRS under EIN 562074868. It is classified under NTEE code B820.
How many years of IRS 990 filings does Hba Of Durham Orange & Chatham Counties Foundation Inc have?
Hba Of Durham Orange & Chatham Counties Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $287K in total revenue.
Filing History
IRS 990 filing history for Hba Of Durham Orange & Chatham Counties Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hba Of Durham Orange & Chatham Counties Foundation Inc's revenue has grown by 63.3%, moving from $167K to $273K. Total assets increased by 17.7% over the same period, from $259K to $305K. Total functional expenses rose by 637%, from $17K to $125K. In its most recent filing year (2023), Hba Of Durham Orange & Chatham Counties Foundation Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $42K in liabilities against $305K in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $263K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $125K | $305K | $42K | — | View 990 |
| 2022 | $105K | $210K | $153K | $38K | — | View 990 |
| 2021 | $167K | $17K | $259K | $39K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $125K, and assets of $305K (revenue +161.1% year-over-year).
- 2022: Revenue of $105K, expenses of $210K, and assets of $153K (revenue -37.4% year-over-year).
- 2021: Revenue of $167K, expenses of $17K, and assets of $259K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hba Of Durham Orange & Chatham Counties Foundation Inc:
Data Sources and Methodology
This transparency report for Hba Of Durham Orange & Chatham Counties Foundation 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.