Homeworks
Homeworks shows inconsistent revenue and expense patterns, with zero officer compensation and no liabilities.
EIN: 10528097 · Augusta, ME · NTEE: L80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $17K |
| Program Spending | 80% |
| Net Assets | $35K |
| Transparency Score | 75/100 |
Is Homeworks Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homeworks directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homeworks
Homeworks (EIN: 10528097) is a nonprofit organization based in Augusta, ME, classified under NTEE code L80. The organization reported total revenue of $19K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeworks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeworks is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $17K |
| Surplus / Deficit | $-14,875 |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | -595.0% |
| Months of Reserves | 24.0 months |
Financial Health Grade: B
In 2023, Homeworks reported a deficit of $15K with expenses exceeding revenue, holds 24.0 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.3% | +501.0% | -30.0% |
| 2022 | -18.2% | +68.7% | +39.7% |
| 2021 | +53.9% | -83.1% | +115.7% |
| 2020 | +409.4% | +58.3% | +25.7% |
| 2019 | -68.8% | +78.8% | -22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Homeworks with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Homeworks allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $15K, with expenses exceeding revenue.
Executive Compensation Analysis
Homeworks reports 0% officer compensation across all available filings, indicating that no executives are paid, which is common for very small, volunteer-run organizations and reflects a commitment to directing all funds to the mission.
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 Homeworks's IRS 990 filings:
- Inconsistent revenue generation, with significant year-to-year fluctuations (e.g., $2,500 in 2023 vs. $17,000 in 2022).
- Significant deficit in 2023, with expenses ($17,375) far exceeding revenue ($2,500).
Strengths
The following positive indicators were identified for Homeworks:
- Zero officer compensation reported across all filings, indicating a volunteer-driven model.
- No reported liabilities in any filing period, demonstrating strong debt management.
- Maintains a healthy asset base relative to its revenue, with $44,368 in assets against $19,000 latest revenue.
Frequently Asked Questions about Homeworks
Is Homeworks a legitimate charity?
Homeworks (EIN: 10528097) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $19K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Homeworks spend its money?
Homeworks directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homeworks tax-deductible?
Homeworks is registered as a tax-exempt nonprofit (EIN: 10528097). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Homeworks's spending goes to programs?
Homeworks directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homeworks compare to similar nonprofits?
With a transparency score of 75/100 (Good), Homeworks is above average for NTEE category L80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homeworks located?
Homeworks is headquartered in Augusta, Maine and files with the IRS under EIN 10528097. It is classified under NTEE code L80.
How many years of IRS 990 filings does Homeworks have?
Homeworks 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 $19K in total revenue.
What caused the significant expense increase in 2023 ($17,375) compared to prior years' average, especially given the low revenue ($2,500)?
The 2023 filing shows a substantial increase in expenses relative to revenue, resulting in a deficit. Understanding the nature of these expenses (e.g., one-time project costs, operational changes) would provide clarity on financial stability.
How does Homeworks manage its programs with such fluctuating annual revenues?
The wide swings in annual revenue, from $0 in 2014 to $20,772 in 2021, suggest an inconsistent funding model. It would be beneficial to understand how the organization plans and executes its programs given this variability.
What is the specific nature of Homeworks' programs under NTEE code L80 (Housing & Shelter)?
Given the organization's small size and fluctuating finances, understanding the specific housing and shelter services provided would help assess its impact and efficiency.
Filing History
IRS 990 filing history for Homeworks showing financial trends over 13 years of public records:
Total assets increased by 203.9% over the same period, from $11K to $35K. Total functional expenses rose by 299.1%, from $4K to $17K. In its most recent filing year (2023), Homeworks reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $17K | $35K | $0 | — | View 990 |
| 2022 | $17K | $3K | $50K | $0 | — | View 990 |
| 2021 | $21K | $2K | $36K | $0 | — | — |
| 2020 | $14K | $10K | $16K | $0 | — | — |
| 2019 | $3K | $6K | $13K | $0 | — | View 990 |
| 2018 | $9K | $4K | $17K | $0 | — | View 990 |
| 2017 | $4K | $4K | $12K | $0 | — | View 990 |
| 2016 | $13K | $4K | $12K | $0 | — | View 990 |
| 2015 | $1K | $3K | $3K | $0 | — | View 990 |
| 2014 | $0 | $4K | $5K | $0 | — | View 990 |
| 2013 | $9K | $5K | $9K | $0 | — | View 990 |
| 2012 | $0 | $6K | $5K | $0 | — | View 990 |
| 2011 | $0 | $4K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $17K, and assets of $35K (revenue -85.3% year-over-year).
- 2022: Revenue of $17K, expenses of $3K, and assets of $50K (revenue -18.2% year-over-year).
- 2021: Revenue of $21K, expenses of $2K, and assets of $36K (revenue +53.9% year-over-year).
- 2020: Revenue of $14K, expenses of $10K, and assets of $16K (revenue +409.4% year-over-year).
- 2019: Revenue of $3K, expenses of $6K, and assets of $13K (revenue -68.8% year-over-year).
- 2018: Revenue of $9K, expenses of $4K, and assets of $17K (revenue +105.8% year-over-year).
- 2017: Revenue of $4K, expenses of $4K, and assets of $12K (revenue -68.8% year-over-year).
- 2016: Revenue of $13K, expenses of $4K, and assets of $12K (revenue +1225.0% year-over-year).
- 2015: Revenue of $1K, expenses of $3K, and assets of $3K.
- 2014: Revenue of $0, expenses of $4K, and assets of $5K (revenue -100.0% year-over-year).
- 2013: Revenue of $9K, expenses of $5K, and assets of $9K.
- 2012: Revenue of $0, expenses of $6K, and assets of $5K.
- 2011: Revenue of $0, expenses of $4K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeworks:
Data Sources and Methodology
This transparency report for Homeworks 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.