Jeremiahs Inn Inc
Jeremiah's Inn: Strong Program Spending, but Declining Revenue and Increasing Liabilities Raise Concerns
EIN: 222567080 · Worcester, MA · NTEE: P74Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.7M |
| Program Spending | 89% |
| Net Assets | $2.9M |
| Transparency Score | 75/100 |
Is Jeremiahs Inn Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jeremiahs Inn Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jeremiahs Inn Inc
Jeremiahs Inn Inc (EIN: 222567080) is a nonprofit organization based in Worcester, MA, classified under NTEE code P74Z. The organization reported total revenue of $3.1M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jeremiahs Inn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jeremiahs Inn Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-142,178 |
| Total Assets | $3.5M |
| Total Liabilities | $579K |
| Net Assets | $2.9M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 15.4 months |
Financial Health Grade: B
In 2023, Jeremiahs Inn Inc reported a deficit of $142K with expenses exceeding revenue, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jeremiahs Inn Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.0% | +11.8% | -0.3% |
| 2022 | +38.3% | +45.7% | +19.0% |
| 2021 | -16.4% | -16.5% | +14.3% |
| 2020 | +39.1% | +20.5% | +77.9% |
| 2019 | +12.8% | +5.9% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Jeremiahs Inn 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Jeremiahs Inn Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% 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 $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.5%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, the overall administrative expenses are low, suggesting reasonable compensation practices.
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 Jeremiahs Inn Inc's IRS 990 filings:
- Revenue has declined from $3,029,062 in 2022 to $2,605,158 in 2023.
- Liabilities have significantly increased from $54,301 in 2019 to $579,229 in 2023.
- The organization experienced a deficit of $142,178 in 2023 (expenses of $2,747,336 exceeding revenue of $2,605,158).
Strengths
The following positive indicators were identified for Jeremiahs Inn Inc:
- Consistently high percentage of spending on programs (89% in 2023).
- Low administrative and fundraising costs (5% and 6% respectively in 2023).
- Positive net assets, indicating financial stability despite recent deficits.
Frequently Asked Questions about Jeremiahs Inn Inc
Is Jeremiahs Inn Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jeremiahs Inn Inc (EIN: 222567080) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Jeremiahs Inn Inc spend its money?
Jeremiahs Inn Inc directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jeremiahs Inn Inc tax-deductible?
Jeremiahs Inn Inc is registered as a tax-exempt nonprofit (EIN: 222567080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jeremiahs Inn Inc's spending goes to programs?
Jeremiahs Inn Inc directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jeremiahs Inn Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Jeremiahs Inn Inc is above average for NTEE category P74Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jeremiahs Inn Inc located?
Jeremiahs Inn Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222567080. It is classified under NTEE code P74Z.
How many years of IRS 990 filings does Jeremiahs Inn Inc have?
Jeremiahs Inn Inc 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 $3.1M in total revenue.
What does Jeremiahs Inn Inc do?
Jeremiahs Inn Inc is a nonprofit organization in the Human Services sector, located in Worcester, Massachusetts. It is classified under NTEE code P74Z.
How much revenue does Jeremiahs Inn Inc have?
Jeremiahs Inn Inc reported total revenue of $3,133,522. Based on 13 IRS 990 filings on record.
What are Jeremiahs Inn Inc's total assets?
Jeremiahs Inn Inc holds total assets of $3,588,460 as reported in IRS 990 filings.
Where is Jeremiahs Inn Inc located?
Jeremiahs Inn Inc is based in Worcester, Massachusetts.
What is Jeremiahs Inn Inc's EIN?
Jeremiahs Inn Inc's Employer Identification Number (EIN) is 222567080. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jeremiahs Inn Inc?
Jeremiahs Inn Inc is classified under NTEE code P74Z (Human Services).
Is Jeremiahs Inn Inc a registered 501(c)(3)?
Yes, Jeremiahs Inn Inc is recognized as a tax-exempt organization by the IRS. EIN: 222567080.
Does Jeremiahs Inn Inc file IRS Form 990?
Yes, Jeremiahs Inn Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Jeremiahs Inn Inc's revenue in 2023?
In the 202312 filing period, Jeremiahs Inn Inc reported total revenue of $2,605,158, total expenses of $2,747,336, and net assets of $3,516,597.
Is Jeremiahs Inn Inc's revenue growing or declining?
Jeremiahs Inn Inc's revenue is declining. Revenue went from $3,029,062 (202212) to $2,605,158 (202312), a -14.0% change. Based on 13 filings on record.
What is Jeremiahs Inn Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Jeremiahs Inn Inc covers tax period 202312. It shows revenue of $2,605,158, expenses of $2,747,336, total assets of $3,516,597, and liabilities of $579,229.
How much does Jeremiahs Inn Inc spend on programs vs administration?
Based on IRS 990 analysis, Jeremiahs Inn Inc allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Jeremiahs Inn Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Jeremiahs Inn Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Jeremiahs Inn Inc?
The following concerns were identified: Revenue has declined from $3,029,062 in 2022 to $2,605,158 in 2023.. Liabilities have significantly increased from $54,301 in 2019 to $579,229 in 2023.. The organization experienced a deficit of $142,178 in 2023 (expenses of $2,747,336 exceeding revenue of $2,605,158).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Jeremiahs Inn Inc's strengths?
Positive indicators for Jeremiahs Inn Inc include: Consistently high percentage of spending on programs (89% in 2023).. Low administrative and fundraising costs (5% and 6% respectively in 2023).. Positive net assets, indicating financial stability despite recent deficits.. These findings are derived from AI analysis of the organization's financial filings.
How does Jeremiahs Inn Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, the overall administrative expenses are low, suggesting reasonable compensation practices. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Jeremiahs Inn Inc?
• The organization's 990-PF filings are publicly available, offering a basic level of financial disclosure. • Detailed program descriptions and impact metrics are not readily available on their website, limiting insight into their effectiveness. • The organization does not appear to publish an annual report or detailed impact report. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the recent decline in revenue and increase in liabilities, what strategies is Jeremiah's Inn implementing to diversify funding sources and manage its growing financial obligations?
The provided data does not detail specific strategies for revenue diversification or liability management. Further investigation into their strategic plans or recent fundraising efforts would be necessary to answer this.
How does Jeremiah's Inn measure and report the impact of its programs, especially considering the high percentage of spending allocated to them?
The available data does not include information on program impact measurement or reporting. While spending on programs is high, the effectiveness of these programs cannot be assessed without further details.
Filing History
IRS 990 filing history for Jeremiahs Inn Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jeremiahs Inn Inc's revenue has grown by 208.6%, moving from $844K to $2.6M. Total assets increased by 604.1% over the same period, from $499K to $3.5M. Total functional expenses rose by 219.6%, from $860K to $2.7M. In its most recent filing year (2023), Jeremiahs Inn Inc reported a deficit of $142K, with expenses exceeding revenue. The organization holds $579K in liabilities against $3.5M in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.7M | $3.5M | $579K | — | — |
| 2022 | $3.0M | $2.5M | $3.5M | $449K | — | — |
| 2021 | $2.2M | $1.7M | $3.0M | $458K | — | View 990 |
| 2020 | $2.6M | $2.0M | $2.6M | $590K | — | — |
| 2019 | $1.9M | $1.7M | $1.5M | $54K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.2M | $50K | — | View 990 |
| 2017 | $1.7M | $1.5M | $1.1M | $37K | — | View 990 |
| 2016 | $1.7M | $1.5M | $1000K | $47K | — | View 990 |
| 2015 | $1.5M | $1.4M | $1.0M | $199K | — | View 990 |
| 2014 | $1.2M | $1.2M | $706K | $50K | — | View 990 |
| 2013 | $1.1M | $949K | $621K | $43K | — | View 990 |
| 2012 | $864K | $869K | $498K | $32K | — | View 990 |
| 2011 | $844K | $860K | $499K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.7M, and assets of $3.5M (revenue -14.0% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.5M, and assets of $3.5M (revenue +38.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.7M, and assets of $3.0M (revenue -16.4% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.0M, and assets of $2.6M (revenue +39.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $1.5M (revenue +12.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue -1.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $1.1M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $1000K (revenue +9.3% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $1.0M (revenue +23.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $706K (revenue +15.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $949K, and assets of $621K (revenue +22.8% year-over-year).
- 2012: Revenue of $864K, expenses of $869K, and assets of $498K (revenue +2.4% year-over-year).
- 2011: Revenue of $844K, expenses of $860K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jeremiahs Inn Inc:
Data Sources and Methodology
This transparency report for Jeremiahs Inn 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.