Kitsap Homes Of Compassion
EIN: 821223987 · Bremerton, WA · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.9M |
| Net Assets | $222K |
Is Kitsap Homes Of Compassion Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kitsap Homes Of Compassion
Kitsap Homes Of Compassion (EIN: 821223987) is a nonprofit organization based in Bremerton, WA, classified under NTEE code L21. The organization reported total revenue of $1.5M and total assets of $369K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kitsap Homes Of Compassion's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kitsap Homes Of Compassion is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 178.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$74K |
| Total Assets | $437K |
| Total Liabilities | $215K |
| Net Assets | $222K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 49.3% |
| Months of Reserves | 2.8 months |
Financial Health Grade: A
In 2023, Kitsap Homes Of Compassion reported a surplus of $74K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 49.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Kitsap Homes Of Compassion's revenue has grown at a compound annual growth rate (CAGR) of 178.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.6% | +36.1% | +51.2% |
| 2022 | +9.1% | -0.3% | +48.7% |
| 2021 | +77.6% | +99.1% | -22.6% |
| 2020 | +92.3% | +148.9% | +64.3% |
| 2019 | +3215.8% | +1694.7% | +864.8% |
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 Kitsap Homes Of Compassion 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 Kitsap Homes Of Compassion 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 surplus of $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.3%.
Frequently Asked Questions about Kitsap Homes Of Compassion
Is Kitsap Homes Of Compassion a legitimate charity?
Kitsap Homes Of Compassion (EIN: 821223987) is a registered tax-exempt nonprofit based in Washington. It has 6 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does Kitsap Homes Of Compassion spend its money?
Kitsap Homes Of Compassion reported $1.5M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kitsap Homes Of Compassion tax-deductible?
Kitsap Homes Of Compassion is registered as a tax-exempt nonprofit (EIN: 821223987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kitsap Homes Of Compassion located?
Kitsap Homes Of Compassion is headquartered in Bremerton, Washington and files with the IRS under EIN 821223987. It is classified under NTEE code L21.
How many years of IRS 990 filings does Kitsap Homes Of Compassion have?
Kitsap Homes Of Compassion has 6 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Kitsap Homes Of Compassion showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Kitsap Homes Of Compassion's revenue has grown by 16656.7%, moving from $12K to $2.0M. Total assets increased by 2658.4% over the same period, from $16K to $437K. Total functional expenses rose by 11967%, from $16K to $1.9M. In its most recent filing year (2023), Kitsap Homes Of Compassion reported a surplus of $74K, with revenue exceeding expenses. The organization holds $215K in liabilities against $437K in assets (debt-to-asset ratio: 49.3%), resulting in net assets of $222K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $437K | $215K | — | — |
| 2022 | $1.5M | $1.4M | $289K | $139K | — | View 990 |
| 2021 | $1.3M | $1.4M | $194K | $104K | — | View 990 |
| 2020 | $749K | $702K | $251K | $94K | — | View 990 |
| 2019 | $390K | $282K | $153K | $49K | — | View 990 |
| 2018 | $12K | $16K | $16K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $437K (revenue +35.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $289K (revenue +9.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $194K (revenue +77.6% year-over-year).
- 2020: Revenue of $749K, expenses of $702K, and assets of $251K (revenue +92.3% year-over-year).
- 2019: Revenue of $390K, expenses of $282K, and assets of $153K (revenue +3215.8% year-over-year).
- 2018: Revenue of $12K, expenses of $16K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kitsap Homes Of Compassion:
Data Sources and Methodology
This transparency report for Kitsap Homes Of Compassion 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.