Homer Senior Citizens Incorporated
EIN: 920077789 · Homer, AK · NTEE: P700
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.6M |
| Net Assets | $1.6M |
Is Homer Senior Citizens Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homer Senior Citizens Incorporated
Homer Senior Citizens Incorporated (EIN: 920077789) is a nonprofit organization based in Homer, AK, classified under NTEE code P700. The organization reported total revenue of $3.6M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homer Senior Citizens Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homer Senior Citizens Incorporated is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-321,663 |
| Total Assets | $5.4M |
| Total Liabilities | $3.8M |
| Net Assets | $1.6M |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 70.8% |
| Months of Reserves | 17.9 months |
Financial Health Grade: C
In 2023, Homer Senior Citizens Incorporated reported a deficit of $322K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 70.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homer Senior Citizens Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +4.5% | +1.9% |
| 2022 | -14.5% | -0.2% | -7.9% |
| 2021 | +2.9% | -2.3% | +1.3% |
| 2020 | +11.9% | +4.1% | -1.0% |
| 2019 | -2.5% | -0.5% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homer Senior Citizens Incorporated 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 Homer Senior Citizens Incorporated 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 deficit of $322K, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.8%.
Frequently Asked Questions about Homer Senior Citizens Incorporated
Is Homer Senior Citizens Incorporated a legitimate charity?
Homer Senior Citizens Incorporated (EIN: 920077789) is a registered tax-exempt nonprofit based in Alaska. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. Financial health grade: C.
How does Homer Senior Citizens Incorporated spend its money?
Homer Senior Citizens Incorporated reported $3.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homer Senior Citizens Incorporated tax-deductible?
Homer Senior Citizens Incorporated is registered as a tax-exempt nonprofit (EIN: 920077789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homer Senior Citizens Incorporated located?
Homer Senior Citizens Incorporated is headquartered in Homer, Alaska and files with the IRS under EIN 920077789. It is classified under NTEE code P700.
How many years of IRS 990 filings does Homer Senior Citizens Incorporated have?
Homer Senior Citizens Incorporated 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 $3.6M in total revenue.
Filing History
IRS 990 filing history for Homer Senior Citizens Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homer Senior Citizens Incorporated's revenue has grown by 5.6%, moving from $3.1M to $3.3M. Total assets decreased by 31.4% over the same period, from $7.8M to $5.4M. Total functional expenses rose by 40.1%, from $2.6M to $3.6M. In its most recent filing year (2023), Homer Senior Citizens Incorporated reported a deficit of $322K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $5.4M in assets (debt-to-asset ratio: 70.8%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.6M | $5.4M | $3.8M | — | — |
| 2022 | $3.2M | $3.4M | $5.3M | $3.4M | — | View 990 |
| 2021 | $3.7M | $3.4M | $5.7M | $3.5M | — | — |
| 2020 | $3.6M | $3.5M | $5.6M | $3.7M | — | View 990 |
| 2019 | $3.2M | $3.4M | $5.7M | $3.8M | — | View 990 |
| 2018 | $3.3M | $3.4M | $5.9M | $3.9M | — | View 990 |
| 2017 | $3.2M | $3.6M | $6.1M | $3.9M | — | View 990 |
| 2016 | $3.5M | $3.8M | $6.5M | $3.9M | — | View 990 |
| 2015 | $3.4M | $3.4M | $6.8M | $3.8M | — | View 990 |
| 2014 | $3.0M | $3.2M | $7.0M | $4.0M | — | View 990 |
| 2013 | $2.7M | $3.0M | $7.3M | $4.1M | — | View 990 |
| 2012 | $2.5M | $2.6M | $7.6M | $4.1M | — | View 990 |
| 2011 | $3.1M | $2.6M | $7.8M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.6M, and assets of $5.4M (revenue +3.9% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.4M, and assets of $5.3M (revenue -14.5% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.4M, and assets of $5.7M (revenue +2.9% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.5M, and assets of $5.6M (revenue +11.9% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.4M, and assets of $5.7M (revenue -2.5% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.4M, and assets of $5.9M (revenue +3.4% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.6M, and assets of $6.1M (revenue -9.5% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.8M, and assets of $6.5M (revenue +2.0% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.4M, and assets of $6.8M (revenue +16.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.2M, and assets of $7.0M (revenue +7.6% year-over-year).
- 2013: Revenue of $2.7M, expenses of $3.0M, and assets of $7.3M (revenue +10.1% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.6M, and assets of $7.6M (revenue -19.6% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.6M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homer Senior Citizens Incorporated:
Data Sources and Methodology
This transparency report for Homer Senior Citizens Incorporated 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.