Knox County Rural Housing Finance Corporation
EIN: 351859802 · Oaktown, IN · NTEE: L200
| Metric | Value |
|---|---|
| Total Revenue | $339K |
| Total Expenses | $459K |
| Net Assets | $282K |
Is Knox County Rural Housing Finance Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Knox County Rural Housing Finance Corporation
Knox County Rural Housing Finance Corporation (EIN: 351859802) is a nonprofit organization based in Oaktown, IN, classified under NTEE code L200. The organization reported total revenue of $339K and total assets of $944K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knox County Rural Housing Finance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knox County Rural Housing Finance Corporation is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $459K |
| Surplus / Deficit | $-146,884 |
| Total Assets | $1.0M |
| Total Liabilities | $739K |
| Net Assets | $282K |
| Operating Margin | -47.1% |
| Debt-to-Asset Ratio | 72.4% |
| Months of Reserves | 26.7 months |
Financial Health Grade: C
In 2023, Knox County Rural Housing Finance Corporation reported a deficit of $147K with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 72.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Knox County Rural Housing Finance Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +2.3% | -11.5% |
| 2022 | +19.0% | +10.6% | -11.5% |
| 2021 | +9.4% | +5.1% | -11.4% |
| 2020 | -9.4% | +2.8% | -9.5% |
| 2019 | -2.7% | -6.5% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Knox County Rural Housing Finance Corporation 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 Knox County Rural Housing Finance Corporation 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 $147K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.4%.
Frequently Asked Questions about Knox County Rural Housing Finance Corporation
Is Knox County Rural Housing Finance Corporation a legitimate charity?
Knox County Rural Housing Finance Corporation (EIN: 351859802) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $339K. No red flags identified. Financial health grade: C.
How does Knox County Rural Housing Finance Corporation spend its money?
Knox County Rural Housing Finance Corporation reported $339K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Knox County Rural Housing Finance Corporation tax-deductible?
Knox County Rural Housing Finance Corporation is registered as a tax-exempt nonprofit (EIN: 351859802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Knox County Rural Housing Finance Corporation located?
Knox County Rural Housing Finance Corporation is headquartered in Oaktown, Indiana and files with the IRS under EIN 351859802. It is classified under NTEE code L200.
How many years of IRS 990 filings does Knox County Rural Housing Finance Corporation have?
Knox County Rural Housing Finance Corporation 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 $339K in total revenue.
Filing History
IRS 990 filing history for Knox County Rural Housing Finance Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Knox County Rural Housing Finance Corporation's revenue has declined by 10.6%, moving from $349K to $312K. Total assets decreased by 66.7% over the same period, from $3.1M to $1.0M. Total functional expenses fell by 6.3%, from $489K to $459K. In its most recent filing year (2023), Knox County Rural Housing Finance Corporation reported a deficit of $147K, with expenses exceeding revenue. The organization holds $739K in liabilities against $1.0M in assets (debt-to-asset ratio: 72.4%), resulting in net assets of $282K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $312K | $459K | $1.0M | $739K | — | View 990 |
| 2022 | $300K | $448K | $1.2M | $724K | — | View 990 |
| 2021 | $252K | $405K | $1.3M | $726K | — | View 990 |
| 2020 | $231K | $386K | $1.5M | $719K | — | View 990 |
| 2019 | $255K | $375K | $1.6M | $719K | — | View 990 |
| 2018 | $262K | $401K | $1.8M | $753K | — | View 990 |
| 2017 | $261K | $435K | $2.0M | $791K | — | View 990 |
| 2016 | $286K | $443K | $2.2M | $820K | — | View 990 |
| 2015 | $339K | $476K | $2.4M | $862K | — | View 990 |
| 2014 | $284K | $442K | $2.5M | $886K | — | View 990 |
| 2013 | $290K | $457K | $2.7M | $888K | — | View 990 |
| 2012 | $280K | $461K | $2.9M | $912K | — | View 990 |
| 2011 | $349K | $489K | $3.1M | $923K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $312K, expenses of $459K, and assets of $1.0M (revenue +3.8% year-over-year).
- 2022: Revenue of $300K, expenses of $448K, and assets of $1.2M (revenue +19.0% year-over-year).
- 2021: Revenue of $252K, expenses of $405K, and assets of $1.3M (revenue +9.4% year-over-year).
- 2020: Revenue of $231K, expenses of $386K, and assets of $1.5M (revenue -9.4% year-over-year).
- 2019: Revenue of $255K, expenses of $375K, and assets of $1.6M (revenue -2.7% year-over-year).
- 2018: Revenue of $262K, expenses of $401K, and assets of $1.8M (revenue +0.4% year-over-year).
- 2017: Revenue of $261K, expenses of $435K, and assets of $2.0M (revenue -8.8% year-over-year).
- 2016: Revenue of $286K, expenses of $443K, and assets of $2.2M (revenue -15.6% year-over-year).
- 2015: Revenue of $339K, expenses of $476K, and assets of $2.4M (revenue +19.4% year-over-year).
- 2014: Revenue of $284K, expenses of $442K, and assets of $2.5M (revenue -2.0% year-over-year).
- 2013: Revenue of $290K, expenses of $457K, and assets of $2.7M (revenue +3.6% year-over-year).
- 2012: Revenue of $280K, expenses of $461K, and assets of $2.9M (revenue -19.8% year-over-year).
- 2011: Revenue of $349K, expenses of $489K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knox County Rural Housing Finance Corporation:
Data Sources and Methodology
This transparency report for Knox County Rural Housing Finance Corporation 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.