Horne Cares Foundation
EIN: 822692445 · Ridgeland, MS · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $26K |
| Total Expenses | $42K |
| Net Assets | $60K |
Is Horne Cares Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horne Cares Foundation
Horne Cares Foundation (EIN: 822692445) is a nonprofit organization based in Ridgeland, MS, classified under NTEE code P60. The organization reported total revenue of $26K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horne Cares Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horne Cares Foundation is a micro nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -98.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $42K |
| Surplus / Deficit | $-40,450 |
| Total Assets | $60K |
| Net Assets | $60K |
| Operating Margin | -1987.7% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Horne Cares Foundation reported a deficit of $40K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Horne Cares Foundation's revenue has declined at a compound annual growth rate (CAGR) of -98.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.7% | -60.8% | -40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horne Cares Foundation 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 Horne Cares Foundation 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 $40K, with expenses exceeding revenue.
Frequently Asked Questions about Horne Cares Foundation
Is Horne Cares Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horne Cares Foundation (EIN: 822692445) insufficient data. 0 red flags identified, 0 strengths noted.
How does Horne Cares Foundation spend its money?
Detailed spending breakdown data is not yet available for Horne Cares Foundation. Check back for updated IRS 990 analysis.
Are donations to Horne Cares Foundation tax-deductible?
Horne Cares Foundation is registered as a tax-exempt nonprofit (EIN: 822692445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horne Cares Foundation located?
Horne Cares Foundation is headquartered in Ridgeland, Mississippi and files with the IRS under EIN 822692445. It is classified under NTEE code P60.
How many years of IRS 990 filings does Horne Cares Foundation have?
Horne Cares Foundation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $26K in total revenue.
Filing History
IRS 990 filing history for Horne Cares Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Horne Cares Foundation's revenue has declined by 98.7%, moving from $155K to $2K. Total assets decreased by 40.2% over the same period, from $101K to $60K. Total functional expenses fell by 60.8%, from $108K to $42K. In its most recent filing year (2023), Horne Cares Foundation reported a deficit of $40K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $42K | $60K | $0 | — | — |
| 2022 | $155K | $108K | $101K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horne Cares Foundation:
Data Sources and Methodology
This transparency report for Horne Cares Foundation 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.