Ingersoll Adult Home Inc
Ingersoll Adult Home Inc. consistently operates near break-even with declining assets and no reported officer compensation.
EIN: 141364550 · Schenectady, NY · NTEE: L22 · Updated: 2026-03-28
Is Ingersoll Adult Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ingersoll Adult Home Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ingersoll Adult Home Inc
Ingersoll Adult Home Inc (EIN: 141364550) is a nonprofit organization based in Schenectady, NY, classified under NTEE code L22. The organization reported total revenue of $5.0M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ingersoll Adult Home 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 Ingersoll Adult Home Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Ingersoll Adult Home Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Ingersoll Adult Home Inc. consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues approaching $5 million. This could indicate volunteer leadership, compensation through a related entity, or a unique operational structure, warranting further inquiry for full transparency.
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 Ingersoll Adult Home Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding leadership costs.
- Declining asset base over the past decade, from $12.3M in 2013 to $8.6M in 2023, which could impact long-term stability.
- Historically high liabilities, though improving, suggest potential financial strain or significant debt obligations.
Strengths
The following positive indicators were identified for Ingersoll Adult Home Inc:
- Consistent operational stability, with revenues generally covering expenses year-over-year (e.g., 2023 revenue $4.5M vs. expenses $4.58M).
- Appears to operate efficiently with tight margins, suggesting resources are directed towards core activities.
- Long history of IRS 990 filings (12 filings), indicating consistent compliance and reporting.
Frequently Asked Questions about Ingersoll Adult Home Inc
Is Ingersoll Adult Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ingersoll Adult Home Inc (EIN: 141364550) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Ingersoll Adult Home Inc spend its money?
Ingersoll Adult Home Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ingersoll Adult Home Inc tax-deductible?
Ingersoll Adult Home Inc is registered as a tax-exempt nonprofit (EIN: 141364550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues in the multi-millions. This could mean that executive roles are entirely volunteer, compensated by a related entity, or that compensation is structured in a way that isn't reported under 'officer compensation' on the 990. Further investigation into the organization's governance and compensation policies would be necessary to understand this.
What is the long-term strategy for the declining asset base?
The organization's assets have steadily decreased from over $12 million in 2013 to $8.6 million in 2023. Understanding the reasons behind this decline and the organization's strategy for maintaining or growing its asset base is crucial for assessing long-term financial sustainability.
How does the organization manage its liabilities, which have historically been high?
While liabilities have decreased in recent years, they were historically very high, sometimes exceeding assets. Understanding the nature of these liabilities (e.g., mortgages, program-related debt) and the organization's debt management strategy is important.
Filing History
IRS 990 filing history for Ingersoll Adult Home Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Ingersoll Adult Home Inc's revenue has grown by 50.3%, moving from $3.0M to $4.5M. Total assets decreased by 32.2% over the same period, from $12.7M to $8.6M. Total functional expenses rose by 45.4%, from $3.2M to $4.6M. In its most recent filing year (2023), Ingersoll Adult Home Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $8.6M in assets (debt-to-asset ratio: 95.2%), resulting in net assets of $416K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.6M | $8.6M | $8.2M | — | View 990 |
| 2022 | $3.9M | $4.3M | $8.7M | $8.3M | — | View 990 |
| 2021 | $4.5M | $3.9M | $9.4M | $8.4M | — | View 990 |
| 2020 | $4.0M | $4.0M | $8.8M | $8.5M | — | View 990 |
| 2019 | $3.9M | $4.0M | $9.1M | $8.8M | — | View 990 |
| 2018 | $3.8M | $3.9M | $9.3M | $9.0M | — | View 990 |
| 2017 | $3.7M | $3.8M | $9.6M | $9.1M | — | View 990 |
| 2015 | $3.4M | $3.5M | $11.7M | $10.1M | — | View 990 |
| 2014 | $3.0M | $3.3M | $11.9M | $9.9M | — | View 990 |
| 2013 | $3.0M | $3.1M | $12.4M | $8.5M | — | View 990 |
| 2012 | $3.0M | $3.1M | $12.5M | $8.6M | — | View 990 |
| 2011 | $3.0M | $3.2M | $12.7M | $8.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.6M, and assets of $8.6M (revenue +16.6% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.3M, and assets of $8.7M (revenue -12.9% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.9M, and assets of $9.4M (revenue +11.8% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.0M, and assets of $8.8M (revenue +3.6% year-over-year).
- 2019: Revenue of $3.9M, expenses of $4.0M, and assets of $9.1M (revenue +2.9% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.9M, and assets of $9.3M (revenue +2.0% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.8M, and assets of $9.6M (revenue +7.0% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.5M, and assets of $11.7M (revenue +12.9% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.3M, and assets of $11.9M (revenue +1.9% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.1M, and assets of $12.4M (revenue +0.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.1M, and assets of $12.5M (revenue -1.7% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.2M, and assets of $12.7M.
Data Sources and Methodology
This transparency report for Ingersoll Adult Home 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.