Home Counselors Inc
Home Counselors Inc faces severe financial decline with an 80% revenue drop since 2017 and consistent operating deficits.
EIN: 10405274 · Rockland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $382K |
| Total Expenses | $1.0M |
| Program Spending | 75% |
| Net Assets | $281K |
| Transparency Score | 45/100 |
Is Home Counselors Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Counselors Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Counselors Inc
Home Counselors Inc (EIN: 10405274) is a nonprofit organization based in Rockland, ME. The organization reported total revenue of $382K and total assets of $419K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Counselors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Counselors Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $658K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-372,018 |
| Total Assets | $428K |
| Total Liabilities | $148K |
| Net Assets | $281K |
| Operating Margin | -56.5% |
| Debt-to-Asset Ratio | 34.5% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Home Counselors Inc reported a deficit of $372K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 34.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home Counselors Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | -24.4% | -39.4% |
| 2022 | -31.9% | -43.7% | -33.8% |
| 2021 | -21.7% | -20.4% | -16.8% |
| 2020 | -10.2% | -5.4% | +15.0% |
| 2019 | +1.5% | +0.4% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Home Counselors Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Home Counselors Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $372K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.5%.
Executive Compensation Analysis
Home Counselors Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Home Counselors Inc's IRS 990 filings:
- Significant and continuous decline in revenue (from $3.1M in 2017 to $657K in 2023).
- Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2021, 2020, 2019, 2018, 2017).
- Substantial decrease in total assets over time (from $1.4M in 2016 to $428K in 2023).
- Lack of NTEE code, making it difficult to categorize and benchmark the organization's mission and activities.
Strengths
The following positive indicators were identified for Home Counselors Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits were paid.
- Long filing history (13 filings), suggesting a commitment to IRS compliance.
Frequently Asked Questions about Home Counselors Inc
Is Home Counselors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Counselors Inc (EIN: 10405274) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Home Counselors Inc spend its money?
Home Counselors Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Home Counselors Inc tax-deductible?
Home Counselors Inc is registered as a tax-exempt nonprofit (EIN: 10405274). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Home Counselors Inc's spending goes to programs?
Home Counselors Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Home Counselors Inc located?
Home Counselors Inc is headquartered in Rockland, Maine and files with the IRS under EIN 10405274.
How many years of IRS 990 filings does Home Counselors Inc have?
Home Counselors Inc has 13 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 $382K in total revenue.
What caused the drastic decline in revenue and assets for Home Counselors Inc?
The provided data does not specify the reasons for the significant decline in revenue from over $3 million in 2017 to $657,907 in 2023, nor the corresponding drop in assets. This would require further investigation into their operational changes or funding sources.
How does Home Counselors Inc plan to address its consistent operating deficits?
The filings show consistent expenses exceeding revenue in recent years (e.g., $1,029,925 expenses vs. $657,907 revenue in 2023). The organization would need a clear strategy to either increase revenue or reduce expenses to achieve financial sustainability.
What are the specific program activities of Home Counselors Inc, given the 'Unknown' NTEE code?
Without an NTEE code or detailed program descriptions in the provided data, it's unclear what specific services Home Counselors Inc provides. This information is crucial for understanding their mission and impact.
Filing History
IRS 990 filing history for Home Counselors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Counselors Inc's revenue has declined by 75.4%, moving from $2.7M to $658K. Total assets decreased by 69.5% over the same period, from $1.4M to $428K. Total functional expenses fell by 61.6%, from $2.7M to $1.0M. In its most recent filing year (2023), Home Counselors Inc reported a deficit of $372K, with expenses exceeding revenue. The organization holds $148K in liabilities against $428K in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $281K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $658K | $1.0M | $428K | $148K | — | View 990 |
| 2022 | $1.5M | $1.4M | $707K | $148K | — | View 990 |
| 2021 | $2.2M | $2.4M | $1.1M | $715K | — | — |
| 2020 | $2.8M | $3.0M | $1.3M | $707K | — | View 990 |
| 2019 | $3.1M | $3.2M | $1.1M | $302K | — | View 990 |
| 2018 | $3.1M | $3.2M | $1.2M | $328K | — | View 990 |
| 2017 | $3.2M | $3.2M | $1.4M | $333K | — | View 990 |
| 2016 | $3.2M | $3.1M | $1.4M | $369K | — | View 990 |
| 2015 | $2.8M | $2.6M | $1.4M | $388K | — | View 990 |
| 2014 | $2.5M | $2.4M | $1.2M | $413K | — | View 990 |
| 2013 | $2.5M | $2.3M | $1.3M | $515K | — | View 990 |
| 2012 | $2.4M | $2.7M | $1.1M | $552K | — | View 990 |
| 2011 | $2.7M | $2.7M | $1.4M | $583K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $658K, expenses of $1.0M, and assets of $428K (revenue -56.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $707K (revenue -31.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.4M, and assets of $1.1M (revenue -21.7% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.0M, and assets of $1.3M (revenue -10.2% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.2M, and assets of $1.1M (revenue +1.5% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.2M, and assets of $1.2M (revenue -3.5% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $1.4M (revenue +0.5% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.1M, and assets of $1.4M (revenue +12.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.6M, and assets of $1.4M (revenue +12.7% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $1.2M (revenue -0.5% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.3M, and assets of $1.3M (revenue +3.3% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.7M, and assets of $1.1M (revenue -9.3% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Counselors Inc:
Data Sources and Methodology
This transparency report for Home Counselors 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.