Home Based Services Initiative Llc
EIN: 455209647 · Billings, MT
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $4.0M |
| Net Assets | $1.1M |
Is Home Based Services Initiative Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home Based Services Initiative Llc
Home Based Services Initiative Llc (EIN: 455209647) is a nonprofit organization based in Billings, MT. The organization reported total revenue of $4.6M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Based Services Initiative Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Based Services Initiative Llc is a mid-size nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$463K |
| Total Assets | $1.4M |
| Total Liabilities | $234K |
| Net Assets | $1.1M |
| Operating Margin | 10.4% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Home Based Services Initiative Llc reported a surplus of $463K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Home Based Services Initiative Llc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +8.0% | -13.2% |
| 2022 | -7.6% | +13.4% | -18.7% |
| 2021 | +11.1% | +4.3% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Home Based Services Initiative Llc 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 Home Based Services Initiative Llc 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 $463K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.2%.
Frequently Asked Questions about Home Based Services Initiative Llc
Is Home Based Services Initiative Llc a legitimate charity?
Home Based Services Initiative Llc (EIN: 455209647) is a registered tax-exempt nonprofit based in Montana. It has 4 years of IRS 990 filings on record. Total revenue: $4.6M. No red flags identified. Financial health grade: A.
How does Home Based Services Initiative Llc spend its money?
Home Based Services Initiative Llc reported $4.6M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Home Based Services Initiative Llc tax-deductible?
Home Based Services Initiative Llc is registered as a tax-exempt nonprofit (EIN: 455209647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home Based Services Initiative Llc located?
Home Based Services Initiative Llc is headquartered in Billings, Montana and files with the IRS under EIN 455209647.
How many years of IRS 990 filings does Home Based Services Initiative Llc have?
Home Based Services Initiative Llc has 4 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 $4.6M in total revenue.
Filing History
IRS 990 filing history for Home Based Services Initiative Llc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Home Based Services Initiative Llc's revenue has grown by 18.5%, moving from $3.7M to $4.4M. Total assets decreased by 22.3% over the same period, from $1.8M to $1.4M. Total functional expenses rose by 27.8%, from $3.1M to $4.0M. In its most recent filing year (2023), Home Based Services Initiative Llc reported a surplus of $463K, with revenue exceeding expenses. The organization holds $234K in liabilities against $1.4M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.0M | $1.4M | $234K | — | — |
| 2022 | $3.8M | $3.7M | $1.6M | $225K | — | View 990 |
| 2021 | $4.2M | $3.2M | $1.9M | $722K | — | View 990 |
| 2020 | $3.7M | $3.1M | $1.8M | $715K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.0M, and assets of $1.4M (revenue +15.4% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.7M, and assets of $1.6M (revenue -7.6% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.2M, and assets of $1.9M (revenue +11.1% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.1M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Based Services Initiative Llc:
Data Sources and Methodology
This transparency report for Home Based Services Initiative Llc 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.