Homeschool Sportsnet Incorporated

Homeschool Sportsnet Incorporated experiences significant revenue growth in 2023 after years of volatility, maintaining zero officer compensation.

EIN: 201422970 · Linden, VA · NTEE: B99 · Updated: 2026-03-28

$195KRevenue

$86KAssets

80/100Mission Score (Excellent)

B99

About Homeschool Sportsnet Incorporated

Homeschool Sportsnet Incorporated (EIN: 201422970) is a nonprofit organization based in Linden, VA, classified under NTEE code B99. The organization reported total revenue of $195K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeschool Sportsnet Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Homeschool Sportsnet Incorporated demonstrates a fluctuating financial history, with significant revenue volatility, including negative revenue in some years (e.g., -$8,326 in 2021 and -$5,972 in 2016). However, the organization experienced a substantial increase in revenue in its latest filing period (202312), reaching $237,960, a significant jump from previous years. The organization consistently reports zero liabilities and zero officer compensation, indicating a lean operational structure and a commitment to volunteer leadership. While the lack of detailed expense breakdowns in the provided data makes a precise spending efficiency analysis challenging, the consistent reporting of zero liabilities suggests good financial stewardship regarding debt.

The organization's assets have also shown growth, particularly in the latest period, reaching $78,977. The absence of officer compensation across all reported periods is a strong indicator of volunteer-driven leadership, which can contribute to lower administrative costs. However, the dramatic swings in revenue, from negative figures to over $200,000, suggest potential reliance on sporadic funding sources or significant one-time events. Further transparency regarding program expenses versus administrative and fundraising costs would provide a clearer picture of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Homeschool Sportsnet Incorporated with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Homeschool Sportsnet Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filing periods, indicating that the organization is run by volunteers and does not allocate funds to paid officers, which is commendable for an organization of its size.

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 Homeschool Sportsnet Incorporated's IRS 990 filings:

Significant revenue volatility in prior years, including negative revenue periods (e.g., -$8,326 in 2021)
Lack of detailed expense breakdown in provided data, hindering precise spending efficiency analysis

Strengths

The following positive indicators were identified for Homeschool Sportsnet Incorporated:

Consistent reporting of zero officer compensation, indicating volunteer-driven leadership
Consistent reporting of zero liabilities, suggesting strong financial management and avoidance of debt
Substantial revenue growth in the latest filing period (202312) to $237,960
Positive net assets and growth in assets over time, reaching $78,977 in 2023

Frequently Asked Questions about Homeschool Sportsnet Incorporated

What caused the significant revenue increase in 2023 ($237,960) compared to previous years (e.g., $7,947 in 2022)?

The provided data does not specify the source of the revenue increase, but such a dramatic jump often indicates a successful fundraising campaign, a large grant, or a significant increase in program participation/fees.

How does Homeschool Sportsnet Incorporated manage to operate with zero liabilities consistently?

Consistently reporting zero liabilities suggests the organization operates on a cash basis, avoids debt, and manages its finances prudently, ensuring expenses do not exceed available funds.

What are the specific categories of expenses that make up the total expenses (e.g., $174,624 in 2023)?

The provided data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses would be necessary to fully assess spending efficiency.

Filing History

IRS 990 filing history for Homeschool Sportsnet Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Homeschool Sportsnet Incorporated's revenue has grown by 4816.5%, moving from $5K to $238K. Total assets increased by 1692.9% over the same period, from $4K to $79K. Total functional expenses rose by 5031.5%, from $3K to $175K. In its most recent filing year (2023), Homeschool Sportsnet Incorporated reported a surplus of $63K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$238K	$175K	$79K	$0	—	View 990
2022	$8K	$8K	$16K	$0	—	View 990
2021	$-8,326	$8K	$16K	$0	—	View 990
2020	$10K	$5K	$32K	$0	—	View 990
2019	$11K	$6K	$26K	$0	—	View 990
2018	$6K	$5K	$22K	$0	—	View 990
2017	$12K	$5K	$21K	$0	—	View 990
2016	$-5,972	$7K	$14K	$0	—	View 990
2015	$32K	$7K	$27K	$0	—	View 990
2014	$-3,731	$6K	$2K	$0	—	View 990
2013	$716	$5K	$13K	$0	—	View 990
2012	$10K	$5K	$9K	$0	—	View 990
2011	$5K	$3K	$4K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $238K, expenses of $175K, and assets of $79K (revenue +2894.3% year-over-year).
2022: Revenue of $8K, expenses of $8K, and assets of $16K.
2021: Revenue of $-8,326, expenses of $8K, and assets of $16K (revenue -181.6% year-over-year).
2020: Revenue of $10K, expenses of $5K, and assets of $32K (revenue -3.9% year-over-year).
2019: Revenue of $11K, expenses of $6K, and assets of $26K (revenue +82.4% year-over-year).
2018: Revenue of $6K, expenses of $5K, and assets of $22K (revenue -52.6% year-over-year).
2017: Revenue of $12K, expenses of $5K, and assets of $21K.
2016: Revenue of $-5,972, expenses of $7K, and assets of $14K (revenue -118.9% year-over-year).
2015: Revenue of $32K, expenses of $7K, and assets of $27K.
2014: Revenue of $-3,731, expenses of $6K, and assets of $2K (revenue -621.1% year-over-year).
2013: Revenue of $716, expenses of $5K, and assets of $13K (revenue -92.7% year-over-year).
2012: Revenue of $10K, expenses of $5K, and assets of $9K (revenue +103.9% year-over-year).
2011: Revenue of $5K, expenses of $3K, and assets of $4K.

Data Sources and Methodology

This transparency report for Homeschool Sportsnet 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.