Hermitage Capital & Reserve Corporation
EIN: 462641284 · Glen Allen, VA · NTEE: P117
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Net Assets | $42.6M |
Is Hermitage Capital & Reserve Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hermitage Capital & Reserve Corporation
Hermitage Capital & Reserve Corporation (EIN: 462641284) is a nonprofit organization based in Glen Allen, VA, classified under NTEE code P117. The organization reported total revenue of $2.9M and total assets of $51.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hermitage Capital & Reserve Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hermitage Capital & Reserve Corporation is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of -13.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $584K |
| Total Expenses | $0 |
| Surplus / Deficit | +$584K |
| Total Assets | $45.0M |
| Total Liabilities | $2.4M |
| Net Assets | $42.6M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 5.3% |
Financial Health Grade: A
In 2024, Hermitage Capital & Reserve Corporation reported a surplus of $584K with revenue exceeding expenses, has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Hermitage Capital & Reserve Corporation's revenue has declined at a compound annual growth rate (CAGR) of -13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +208.3% | -100.0% | +49.3% |
| 2023 | +43.7% | +81.1% | +81.5% |
| 2022 | +119.1% | -40.4% | -12.8% |
| 2021 | -72.1% | +150.1% | +21.2% |
| 2020 | +9.4% | -3.0% | +101.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hermitage Capital & Reserve Corporation 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 Hermitage Capital & Reserve Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Hermitage Capital & Reserve Corporation
Is Hermitage Capital & Reserve Corporation a legitimate charity?
Hermitage Capital & Reserve Corporation (EIN: 462641284) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: A.
How does Hermitage Capital & Reserve Corporation spend its money?
Hermitage Capital & Reserve Corporation reported $2.9M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hermitage Capital & Reserve Corporation tax-deductible?
Hermitage Capital & Reserve Corporation is registered as a tax-exempt nonprofit (EIN: 462641284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hermitage Capital & Reserve Corporation located?
Hermitage Capital & Reserve Corporation is headquartered in Glen Allen, Virginia and files with the IRS under EIN 462641284. It is classified under NTEE code P117.
How many years of IRS 990 filings does Hermitage Capital & Reserve Corporation have?
Hermitage Capital & Reserve Corporation has 12 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Hermitage Capital & Reserve Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Hermitage Capital & Reserve Corporation's revenue has declined by 79.2%, moving from $2.8M to $584K. Total assets increased by 1508.1% over the same period, from $2.8M to $45.0M. The organization holds $2.4M in liabilities against $45.0M in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $42.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $584K | $0 | $45.0M | $2.4M | — | — |
| 2023 | $189K | $2K | $30.2M | $473K | — | View 990 |
| 2022 | $132K | $1K | $16.6M | $0 | — | View 990 |
| 2021 | $60K | $2K | $19.0M | $0 | — | — |
| 2020 | $215K | $689 | $15.7M | $604K | — | View 990 |
| 2019 | $197K | $710 | $7.8M | $0 | — | View 990 |
| 2018 | $177K | $101 | $7.5M | $0 | — | — |
| 2017 | $169K | $137 | $7.5M | $0 | — | View 990 |
| 2016 | $114K | $0 | $7.4M | $0 | — | View 990 |
| 2015 | $11K | $224 | $4.8M | $0 | — | View 990 |
| 2014 | $7K | $879 | $4.8M | $0 | — | View 990 |
| 2013 | $2.8M | $0 | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $584K, expenses of $0, and assets of $45.0M (revenue +208.3% year-over-year).
- 2023: Revenue of $189K, expenses of $2K, and assets of $30.2M (revenue +43.7% year-over-year).
- 2022: Revenue of $132K, expenses of $1K, and assets of $16.6M (revenue +119.1% year-over-year).
- 2021: Revenue of $60K, expenses of $2K, and assets of $19.0M (revenue -72.1% year-over-year).
- 2020: Revenue of $215K, expenses of $689, and assets of $15.7M (revenue +9.4% year-over-year).
- 2019: Revenue of $197K, expenses of $710, and assets of $7.8M (revenue +11.0% year-over-year).
- 2018: Revenue of $177K, expenses of $101, and assets of $7.5M (revenue +4.8% year-over-year).
- 2017: Revenue of $169K, expenses of $137, and assets of $7.5M (revenue +48.0% year-over-year).
- 2016: Revenue of $114K, expenses of $0, and assets of $7.4M (revenue +974.9% year-over-year).
- 2015: Revenue of $11K, expenses of $224, and assets of $4.8M (revenue +50.9% year-over-year).
- 2014: Revenue of $7K, expenses of $879, and assets of $4.8M (revenue -99.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $0, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hermitage Capital & Reserve Corporation:
Data Sources and Methodology
This transparency report for Hermitage Capital & Reserve Corporation 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.