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
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Homeschool Sportsnet Incorporated is mapped to EIN 201422970.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $175K |
| Program Spending | 85% |
| Net Assets | $79K |
| Transparency Score | 80/100 |
Search Intent Cockpit
Homeschool Sportsnet Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals
Homeschool Sportsnet Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Homeschool Sportsnet Incorporated in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $238K and expenses of $175K.
Revenue and Expenses
Homeschool Sportsnet Incorporated reported $238K in revenue and $175K in expenses, a surplus of $63K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
80/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Homeschool Sportsnet Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $148K (85%) |
Across stored filings, Homeschool Sportsnet Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Education context |
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Linden, VA nonprofitsEducation in Virginia
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Request a concise report for Homeschool Sportsnet Incorporated with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Homeschool Sportsnet Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Homeschool Sportsnet Incorporated is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 38.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $238K |
| Total Expenses | $175K |
| Surplus / Deficit | +$63K |
| Total Assets | $79K |
| Net Assets | $79K |
| Operating Margin | 26.6% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Homeschool Sportsnet Incorporated reported a surplus of $63K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Homeschool Sportsnet Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 38.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2894.3% | +2108.8% | +404.9% |
| 2021 | -181.6% | +50.7% | -50.5% |
| 2020 | -3.9% | -15.7% | +19.5% |
| 2019 | +82.4% | +14.9% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
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
Is Homeschool Sportsnet Incorporated a legitimate charity?
Homeschool Sportsnet Incorporated (EIN: 201422970) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $195K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Homeschool Sportsnet Incorporated spend its money?
Homeschool Sportsnet Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homeschool Sportsnet Incorporated tax-deductible?
Homeschool Sportsnet Incorporated is registered as a tax-exempt nonprofit (EIN: 201422970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Homeschool Sportsnet Incorporated's spending goes to programs?
Homeschool Sportsnet Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homeschool Sportsnet Incorporated compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Homeschool Sportsnet Incorporated is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homeschool Sportsnet Incorporated located?
Homeschool Sportsnet Incorporated is headquartered in Linden, Virginia and files with the IRS under EIN 201422970. It is classified under NTEE code B99.
How many years of IRS 990 filings does Homeschool Sportsnet Incorporated have?
Homeschool Sportsnet 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 $195K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeschool Sportsnet Incorporated:
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.