Kearsarge Elderly Housing Inc
Kearsarge Elderly Housing Inc: Stable Finances, High Program Spending
EIN: 223027101 · Concord, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $410K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-924,839 |
| Transparency Score | 75/100 |
Is Kearsarge Elderly Housing Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kearsarge Elderly Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kearsarge Elderly Housing Inc
Kearsarge Elderly Housing Inc (EIN: 223027101) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $381K and total assets of $913K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kearsarge Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kearsarge Elderly Housing Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $417K |
| Total Expenses | $410K |
| Surplus / Deficit | +$8K |
| Total Assets | $990K |
| Total Liabilities | $1.9M |
| Net Assets | $-924,839 |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 193.4% |
| Months of Reserves | 29.0 months |
Financial Health Grade: A
In 2023, Kearsarge Elderly Housing Inc reported a surplus of $8K with revenue exceeding expenses, holds 29.0 months of operating reserves (strong position), has a debt-to-asset ratio of 193.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kearsarge Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | -10.6% | +0.9% |
| 2022 | +3.4% | +4.1% | -4.2% |
| 2021 | -7.3% | +6.1% | -4.6% |
| 2020 | -11.0% | -3.8% | +4.4% |
| 2019 | +22.1% | +4.7% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Kearsarge Elderly Housing 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: 90%
- fundraising: 5%
According to IRS 990 filings, Kearsarge Elderly Housing Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 193.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally managed operational structure.
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.
Strengths
The following positive indicators were identified for Kearsarge Elderly Housing Inc:
- Consistent revenue and asset base over several years, indicating financial stability.
- 100% of compensation reported as $0, suggesting efficient use of funds for its mission.
- Strong program spending, with 90% of expenses allocated to programs.
Frequently Asked Questions about Kearsarge Elderly Housing Inc
Is Kearsarge Elderly Housing Inc a legitimate charity?
Kearsarge Elderly Housing Inc (EIN: 223027101) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $381K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Kearsarge Elderly Housing Inc spend its money?
Kearsarge Elderly Housing Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kearsarge Elderly Housing Inc tax-deductible?
Kearsarge Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 223027101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kearsarge Elderly Housing Inc CEO make?
Kearsarge Elderly Housing Inc's highest-compensated officer earns $0 annually. The organization reported $381K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kearsarge Elderly Housing Inc's spending goes to programs?
Kearsarge Elderly Housing Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kearsarge Elderly Housing Inc located?
Kearsarge Elderly Housing Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 223027101.
How many years of IRS 990 filings does Kearsarge Elderly Housing Inc have?
Kearsarge Elderly Housing 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 $381K in total revenue.
What does Kearsarge Elderly Housing Inc do?
Kearsarge Elderly Housing Inc is a nonprofit organization in the Unknown sector, located in Concord, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Kearsarge Elderly Housing Inc have?
Kearsarge Elderly Housing Inc reported total revenue of $381,077. Based on 13 IRS 990 filings on record.
What are Kearsarge Elderly Housing Inc's total assets?
Kearsarge Elderly Housing Inc holds total assets of $912,877 as reported in IRS 990 filings.
Where is Kearsarge Elderly Housing Inc located?
Kearsarge Elderly Housing Inc is based in Concord, New Hampshire.
What is Kearsarge Elderly Housing Inc's EIN?
Kearsarge Elderly Housing Inc's Employer Identification Number (EIN) is 223027101. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kearsarge Elderly Housing Inc?
Kearsarge Elderly Housing Inc is classified under NTEE code Unknown (Unknown).
Is Kearsarge Elderly Housing Inc a registered 501(c)(3)?
Kearsarge Elderly Housing Inc appears in IRS records (EIN: 223027101). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Kearsarge Elderly Housing Inc file IRS Form 990?
Yes, Kearsarge Elderly Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Kearsarge Elderly Housing Inc's revenue in 2023?
In the 202309 filing period, Kearsarge Elderly Housing Inc reported total revenue of $417,204, total expenses of $409,580, and net assets of $990,215.
Is Kearsarge Elderly Housing Inc's revenue growing or declining?
Kearsarge Elderly Housing Inc's revenue is relatively stable. Revenue went from $417,411 (202209) to $417,204 (202309), a -0.0% change. Based on 13 filings on record.
What is Kearsarge Elderly Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kearsarge Elderly Housing Inc covers tax period 202309. It shows revenue of $417,204, expenses of $409,580, total assets of $990,215, and liabilities of $1,915,054.
How much does Kearsarge Elderly Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Kearsarge Elderly Housing Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Kearsarge Elderly Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kearsarge Elderly Housing Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Kearsarge Elderly Housing Inc's strengths?
Positive indicators for Kearsarge Elderly Housing Inc include: Consistent revenue and asset base over several years, indicating financial stability.. 100% of compensation reported as $0, suggesting efficient use of funds for its mission.. Strong program spending, with 90% of expenses allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Kearsarge Elderly Housing Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally managed operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Kearsarge Elderly Housing Inc?
The organization consistently reports 0% compensation to officers, directors, trustees, and key employees across all available filings. Detailed breakdowns of program service accomplishments are not readily available in the provided data. The financial data shows consistent revenue and expenses over the years. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent $0 executive compensation, how does Kearsarge Elderly Housing Inc manage its operations and leadership?
The consistent reporting of $0 for executive compensation suggests that the organization may rely on volunteer leadership, an external management company, or a structure where key personnel are compensated through other means not captured in this specific compensation line item, or that the roles are truly unpaid.
Filing History
IRS 990 filing history for Kearsarge Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kearsarge Elderly Housing Inc's revenue has grown by 22.9%, moving from $339K to $417K. Total assets decreased by 9.3% over the same period, from $1.1M to $990K. Total functional expenses rose by 5.7%, from $387K to $410K. In its most recent filing year (2023), Kearsarge Elderly Housing Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $990K in assets (debt-to-asset ratio: 193.4%), resulting in net assets of $-924,839.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $417K | $410K | $990K | $1.9M | — | View 990 |
| 2022 | $417K | $458K | $981K | $1.9M | — | View 990 |
| 2021 | $404K | $440K | $1.0M | $1.9M | — | View 990 |
| 2020 | $436K | $415K | $1.1M | $1.9M | — | View 990 |
| 2019 | $489K | $431K | $1.0M | $1.9M | — | View 990 |
| 2018 | $401K | $412K | $959K | $1.9M | — | View 990 |
| 2017 | $390K | $428K | $965K | $1.9M | — | View 990 |
| 2016 | $393K | $396K | $1.0M | $1.9M | — | View 990 |
| 2015 | $379K | $418K | $1.0M | $1.9M | — | View 990 |
| 2014 | $380K | $412K | $1.0M | $1.9M | — | View 990 |
| 2013 | $387K | $386K | $1.1M | $1.9M | — | View 990 |
| 2012 | $378K | $374K | $1.1M | $1.9M | — | View 990 |
| 2011 | $339K | $387K | $1.1M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $417K, expenses of $410K, and assets of $990K (revenue +-0.0% year-over-year).
- 2022: Revenue of $417K, expenses of $458K, and assets of $981K (revenue +3.4% year-over-year).
- 2021: Revenue of $404K, expenses of $440K, and assets of $1.0M (revenue -7.3% year-over-year).
- 2020: Revenue of $436K, expenses of $415K, and assets of $1.1M (revenue -11.0% year-over-year).
- 2019: Revenue of $489K, expenses of $431K, and assets of $1.0M (revenue +22.1% year-over-year).
- 2018: Revenue of $401K, expenses of $412K, and assets of $959K (revenue +2.6% year-over-year).
- 2017: Revenue of $390K, expenses of $428K, and assets of $965K (revenue -0.5% year-over-year).
- 2016: Revenue of $393K, expenses of $396K, and assets of $1.0M (revenue +3.6% year-over-year).
- 2015: Revenue of $379K, expenses of $418K, and assets of $1.0M (revenue -0.3% year-over-year).
- 2014: Revenue of $380K, expenses of $412K, and assets of $1.0M (revenue -1.7% year-over-year).
- 2013: Revenue of $387K, expenses of $386K, and assets of $1.1M (revenue +2.2% year-over-year).
- 2012: Revenue of $378K, expenses of $374K, and assets of $1.1M (revenue +11.4% year-over-year).
- 2011: Revenue of $339K, expenses of $387K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kearsarge Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Kearsarge Elderly Housing 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.