Holy Ghost Association Inc
EIN: 42054657 · Oak Bluffs, MA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $726K |
| Total Expenses | $316K |
| Net Assets | $640K |
Is Holy Ghost Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holy Ghost Association Inc
Holy Ghost Association Inc (EIN: 42054657) is a nonprofit organization based in Oak Bluffs, MA, classified under NTEE code S20. The organization reported total revenue of $726K and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Ghost Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Ghost Association Inc is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $402K |
| Total Expenses | $316K |
| Surplus / Deficit | +$87K |
| Total Assets | $816K |
| Total Liabilities | $177K |
| Net Assets | $640K |
| Operating Margin | 21.6% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Holy Ghost Association Inc reported a surplus of $87K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Holy Ghost Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.3% | +23.4% | +5.8% |
| 2022 | -11.0% | -25.8% | +2.9% |
| 2021 | +63.3% | +23.5% | +2.5% |
| 2020 | -43.8% | -26.3% | -7.6% |
| 2019 | +11.4% | -0.4% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holy Ghost Association 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 Holy Ghost Association 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 $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.6%.
Frequently Asked Questions about Holy Ghost Association Inc
Is Holy Ghost Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Ghost Association Inc (EIN: 42054657) insufficient data. 0 red flags identified, 0 strengths noted.
How does Holy Ghost Association Inc spend its money?
Detailed spending breakdown data is not yet available for Holy Ghost Association Inc. Check back for updated IRS 990 analysis.
Are donations to Holy Ghost Association Inc tax-deductible?
Holy Ghost Association Inc is registered as a tax-exempt nonprofit (EIN: 42054657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holy Ghost Association Inc located?
Holy Ghost Association Inc is headquartered in Oak Bluffs, Massachusetts and files with the IRS under EIN 42054657. It is classified under NTEE code S20.
How many years of IRS 990 filings does Holy Ghost Association Inc have?
Holy Ghost Association Inc has 8 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 $726K in total revenue.
Filing History
IRS 990 filing history for Holy Ghost Association Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Holy Ghost Association Inc's revenue has grown by 5.2%, moving from $382K to $402K. Total assets decreased by 8% over the same period, from $888K to $816K. Total functional expenses fell by 18.5%, from $387K to $316K. In its most recent filing year (2023), Holy Ghost Association Inc reported a surplus of $87K, with revenue exceeding expenses. The organization holds $177K in liabilities against $816K in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $640K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $402K | $316K | $816K | $177K | — | — |
| 2022 | $319K | $256K | $771K | $219K | — | — |
| 2021 | $358K | $345K | $750K | $260K | — | View 990 |
| 2020 | $219K | $279K | $731K | $254K | — | View 990 |
| 2019 | $390K | $379K | $791K | $255K | — | View 990 |
| 2018 | $350K | $380K | $789K | $263K | — | View 990 |
| 2017 | $348K | $396K | $824K | $274K | — | View 990 |
| 2016 | $382K | $387K | $888K | $290K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $402K, expenses of $316K, and assets of $816K (revenue +26.3% year-over-year).
- 2022: Revenue of $319K, expenses of $256K, and assets of $771K (revenue -11.0% year-over-year).
- 2021: Revenue of $358K, expenses of $345K, and assets of $750K (revenue +63.3% year-over-year).
- 2020: Revenue of $219K, expenses of $279K, and assets of $731K (revenue -43.8% year-over-year).
- 2019: Revenue of $390K, expenses of $379K, and assets of $791K (revenue +11.4% year-over-year).
- 2018: Revenue of $350K, expenses of $380K, and assets of $789K (revenue +0.6% year-over-year).
- 2017: Revenue of $348K, expenses of $396K, and assets of $824K (revenue -9.0% year-over-year).
- 2016: Revenue of $382K, expenses of $387K, and assets of $888K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Ghost Association Inc:
Data Sources and Methodology
This transparency report for Holy Ghost Association 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.