Homewood Living Spring House Inc
Homewood Living Spring House Inc. consistently operates at a deficit, with expenses exceeding revenue in all reported periods.
EIN: 205189952 · Williamsport, MD · NTEE: L22 · Updated: 2026-03-28
Is Homewood Living Spring House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homewood Living Spring House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homewood Living Spring House Inc
Homewood Living Spring House Inc (EIN: 205189952) is a nonprofit organization based in Williamsport, MD, classified under NTEE code L22. The organization reported total revenue of $6.6M and total assets of $30.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homewood Living Spring House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homewood Living Spring House Inc with a Mission Score of 70 out of 100 (Good). 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, Homewood Living Spring House Inc 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 reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or that compensation is structured in a way that it is not reported under 'Officer Comp' on the 990, which is a positive indicator for transparency if accurate.
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 Homewood Living Spring House Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported year from 2014 to 2023.
- Significant liabilities relative to annual revenue, though well-covered by total assets.
Strengths
The following positive indicators were identified for Homewood Living Spring House Inc:
- Strong asset base, with assets of $31,061,198 in 2023.
- No reported officer compensation, indicating potential for high transparency or volunteer leadership.
- Consistent filing history (13 filings), demonstrating commitment to compliance.
Frequently Asked Questions about Homewood Living Spring House Inc
Is Homewood Living Spring House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homewood Living Spring House Inc (EIN: 205189952) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Homewood Living Spring House Inc spend its money?
Homewood Living Spring House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homewood Living Spring House Inc tax-deductible?
Homewood Living Spring House Inc is registered as a tax-exempt nonprofit (EIN: 205189952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Homewood Living Spring House Inc. financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue, with a deficit of $777,367 in 2023 ($5,689,857 expenses vs. $4,912,490 revenue). While it maintains substantial assets ($31,061,198 in 2023), this trend raises questions about long-term financial sustainability without addressing the recurring operational shortfalls.
What is the source of funding covering the operational deficits?
The provided data does not explicitly detail the funding sources covering the consistent operational deficits. It's possible these are covered by investment income, draws from reserves, or other non-revenue contributions not itemized in the summary, which would require a deeper dive into the full 990 forms.
How does the organization manage its significant liabilities?
Homewood Living Spring House Inc. reported liabilities of $14,261,329 in 2023. While assets significantly exceed liabilities, the consistent presence of substantial liabilities warrants further investigation into their nature (e.g., mortgages, bonds) and the organization's strategy for managing them.
Filing History
IRS 990 filing history for Homewood Living Spring House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homewood Living Spring House Inc's revenue has grown by 276.9%, moving from $1.3M to $4.9M. Total assets increased by 91.5% over the same period, from $16.2M to $31.1M. Total functional expenses rose by 218.7%, from $1.8M to $5.7M. In its most recent filing year (2023), Homewood Living Spring House Inc reported a deficit of $777K, with expenses exceeding revenue. The organization holds $14.3M in liabilities against $31.1M in assets (debt-to-asset ratio: 45.9%), resulting in net assets of $16.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.7M | $31.1M | $14.3M | — | View 990 |
| 2022 | $4.4M | $5.2M | $30.5M | $12.9M | — | View 990 |
| 2021 | $4.1M | $4.9M | $30.4M | $12.3M | — | View 990 |
| 2020 | $4.2M | $4.8M | $31.7M | $13.2M | — | View 990 |
| 2019 | $3.4M | $3.9M | $31.5M | $35.2M | — | View 990 |
| 2018 | $3.0M | $3.3M | $28.2M | $31.3M | — | View 990 |
| 2017 | $2.9M | $3.1M | $23.6M | $26.3M | — | — |
| 2016 | $2.7M | $2.9M | $23.3M | $25.8M | — | View 990 |
| 2015 | $2.2M | $2.6M | $23.4M | $25.6M | — | View 990 |
| 2014 | $2.7M | $2.4M | $22.5M | $24.3M | — | View 990 |
| 2013 | $1.8M | $2.1M | $22.3M | $24.4M | — | View 990 |
| 2012 | $1.7M | $2.0M | $17.6M | $19.4M | — | View 990 |
| 2011 | $1.3M | $1.8M | $16.2M | $17.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.7M, and assets of $31.1M (revenue +12.6% year-over-year).
- 2022: Revenue of $4.4M, expenses of $5.2M, and assets of $30.5M (revenue +5.5% year-over-year).
- 2021: Revenue of $4.1M, expenses of $4.9M, and assets of $30.4M (revenue -2.0% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.8M, and assets of $31.7M (revenue +23.3% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.9M, and assets of $31.5M (revenue +15.6% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.3M, and assets of $28.2M (revenue +1.9% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.1M, and assets of $23.6M (revenue +9.1% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.9M, and assets of $23.3M (revenue +19.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.6M, and assets of $23.4M (revenue -16.7% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.4M, and assets of $22.5M (revenue +52.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.1M, and assets of $22.3M (revenue +4.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.0M, and assets of $17.6M (revenue +29.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.8M, and assets of $16.2M.
Data Sources and Methodology
This transparency report for Homewood Living Spring House 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.