Home Space Inc
EIN: 42708648 · Hyde Park, MA · NTEE: I43Z
| Metric | Value |
|---|---|
| Total Expenses | $136K |
| Net Assets | $87K |
Is Home Space Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Home Space Inc
Home Space Inc (EIN: 42708648) is a nonprofit organization based in Hyde Park, MA, classified under NTEE code I43Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Space Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Space Inc is a small nonprofit that has been operating for 46 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $136K |
| Surplus / Deficit | +$106K |
| Total Assets | $112K |
| Total Liabilities | $25K |
| Net Assets | $87K |
| Operating Margin | 43.8% |
| Debt-to-Asset Ratio | 22.3% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2016, Home Space Inc reported a surplus of $106K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 22.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2011–2016), Home Space Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +131.5% | -42.1% | +433.5% |
| 2015 | -65.0% | +21.6% | -85.1% |
| 2014 | +55.7% | +44.0% | +28.2% |
| 2013 | -23.2% | -46.4% | +289.3% |
| 2012 | -25.8% | -8.9% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Home Space 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 Home Space 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.3%.
Frequently Asked Questions about Home Space Inc
Is Home Space Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Space Inc (EIN: 42708648) insufficient data. 0 red flags identified, 0 strengths noted.
How does Home Space Inc spend its money?
Detailed spending breakdown data is not yet available for Home Space Inc. Check back for updated IRS 990 analysis.
Are donations to Home Space Inc tax-deductible?
Home Space Inc is registered as a tax-exempt nonprofit (EIN: 42708648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Home Space Inc located?
Home Space Inc is headquartered in Hyde Park, Massachusetts and files with the IRS under EIN 42708648. It is classified under NTEE code I43Z.
How many years of IRS 990 filings does Home Space Inc have?
Home Space Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Home Space Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Home Space Inc's revenue has declined by 28%, moving from $336K to $242K. Total assets increased by 301.9% over the same period, from $28K to $112K. Total functional expenses fell by 50.5%, from $274K to $136K. In its most recent filing year (2016), Home Space Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $25K in liabilities against $112K in assets (debt-to-asset ratio: 22.3%), resulting in net assets of $87K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $242K | $136K | $112K | $25K | — | View 990 |
| 2015 | $104K | $235K | $21K | $40K | — | View 990 |
| 2014 | $298K | $193K | $140K | $29K | — | View 990 |
| 2013 | $192K | $134K | $110K | $103K | — | View 990 |
| 2012 | $249K | $250K | $28K | $79K | — | View 990 |
| 2011 | $336K | $274K | $28K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $242K, expenses of $136K, and assets of $112K (revenue +131.5% year-over-year).
- 2015: Revenue of $104K, expenses of $235K, and assets of $21K (revenue -65.0% year-over-year).
- 2014: Revenue of $298K, expenses of $193K, and assets of $140K (revenue +55.7% year-over-year).
- 2013: Revenue of $192K, expenses of $134K, and assets of $110K (revenue -23.2% year-over-year).
- 2012: Revenue of $249K, expenses of $250K, and assets of $28K (revenue -25.8% year-over-year).
- 2011: Revenue of $336K, expenses of $274K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Space Inc:
Data Sources and Methodology
This transparency report for Home Space 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.