Knox District Housing
Knox District Housing consistently operates at a deficit, with declining assets and high liabilities.
EIN: 10405256 · Bar Harbor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $160K |
| Program Spending | 80% |
| Net Assets | $-287,027 |
| Transparency Score | 45/100 |
Is Knox District Housing Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Knox District Housing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Knox District Housing
Knox District Housing (EIN: 10405256) is a nonprofit organization based in Bar Harbor, ME. The organization reported total revenue of $133K and total assets of $349K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Knox District Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Knox District Housing is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $160K |
| Surplus / Deficit | $-27,676 |
| Total Assets | $349K |
| Total Liabilities | $636K |
| Net Assets | $-287,027 |
| Operating Margin | -20.9% |
| Debt-to-Asset Ratio | 182.2% |
| Months of Reserves | 26.2 months |
Financial Health Grade: C
In 2024, Knox District Housing reported a deficit of $28K with expenses exceeding revenue, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 182.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Knox District Housing's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.9% | +7.2% | -5.5% |
| 2023 | +2.3% | -2.4% | -8.1% |
| 2022 | +0.3% | +11.0% | -7.4% |
| 2021 | -3.5% | -10.3% | -4.4% |
| 2020 | +1.4% | -1.2% | -11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Knox District Housing with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Knox District Housing allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 182.2%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely unpaid, which is a positive for minimizing administrative overhead.
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 Knox District Housing's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Significant decline in assets over the past decade (from $681,130 in 2015 to $349,356 in 2024)
- Liabilities consistently exceed assets, indicating a negative net asset position
- High liabilities relative to revenue and assets, posing a significant financial risk
Strengths
The following positive indicators were identified for Knox District Housing:
- Consistent IRS 990 filing history, indicating transparency in reporting
- 0% officer compensation reported, suggesting volunteer leadership and low executive overhead
Frequently Asked Questions about Knox District Housing
Is Knox District Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Knox District Housing (EIN: 10405256) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Knox District Housing spend its money?
Knox District Housing directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Knox District Housing tax-deductible?
Knox District Housing is registered as a tax-exempt nonprofit (EIN: 10405256). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Knox District Housing's spending goes to programs?
Knox District Housing directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Knox District Housing located?
Knox District Housing is headquartered in Bar Harbor, Maine and files with the IRS under EIN 10405256.
How many years of IRS 990 filings does Knox District Housing have?
Knox District Housing 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 $133K in total revenue.
Is Knox District Housing financially sustainable?
Based on the consistent operating deficits (e.g., $160,301 expenses vs. $132,625 revenue in 2024) and declining assets ($681,130 in 2015 to $349,356 in 2024), the organization's current financial model does not appear sustainable in the long term without significant changes.
Why are liabilities consistently higher than assets?
Liabilities have consistently exceeded assets (e.g., $636,383 liabilities vs. $349,356 assets in 2024), indicating a negative net asset position. This suggests the organization owes more than it owns, which is a significant financial risk.
What is the cause of the consistent operating deficits?
The filings show that expenses have consistently outpaced revenue in every reported period (e.g., $160,301 expenses vs. $132,625 revenue in 2024). Without a detailed breakdown of expenses, it's difficult to pinpoint the exact cause, but it indicates that current revenue streams are insufficient to cover operational costs.
Filing History
IRS 990 filing history for Knox District Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Knox District Housing's revenue has grown by 7.7%, moving from $123K to $133K. Total assets decreased by 15.9% over the same period, from $415K to $349K. Total functional expenses rose by 48.5%, from $108K to $160K. In its most recent filing year (2024), Knox District Housing reported a deficit of $28K, with expenses exceeding revenue. The organization holds $636K in liabilities against $349K in assets (debt-to-asset ratio: 182.2%), resulting in net assets of $-287,027.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $133K | $160K | $349K | $636K | — | — |
| 2023 | $134K | $149K | $370K | $629K | — | View 990 |
| 2022 | $131K | $153K | $402K | $646K | — | View 990 |
| 2021 | $130K | $138K | $435K | $656K | — | — |
| 2020 | $135K | $154K | $455K | $668K | — | View 990 |
| 2019 | $133K | $156K | $516K | $711K | — | View 990 |
| 2018 | $132K | $146K | $518K | $691K | — | View 990 |
| 2017 | $130K | $148K | $542K | $700K | — | View 990 |
| 2016 | $129K | $147K | $642K | $783K | — | View 990 |
| 2015 | $127K | $143K | $681K | $803K | — | View 990 |
| 2014 | $127K | $142K | $717K | $830K | — | View 990 |
| 2013 | $127K | $144K | $773K | $871K | — | View 990 |
| 2012 | $123K | $108K | $415K | $497K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $133K, expenses of $160K, and assets of $349K (revenue -0.9% year-over-year).
- 2023: Revenue of $134K, expenses of $149K, and assets of $370K (revenue +2.3% year-over-year).
- 2022: Revenue of $131K, expenses of $153K, and assets of $402K (revenue +0.3% year-over-year).
- 2021: Revenue of $130K, expenses of $138K, and assets of $435K (revenue -3.5% year-over-year).
- 2020: Revenue of $135K, expenses of $154K, and assets of $455K (revenue +1.4% year-over-year).
- 2019: Revenue of $133K, expenses of $156K, and assets of $516K (revenue +0.9% year-over-year).
- 2018: Revenue of $132K, expenses of $146K, and assets of $518K (revenue +1.2% year-over-year).
- 2017: Revenue of $130K, expenses of $148K, and assets of $542K (revenue +1.3% year-over-year).
- 2016: Revenue of $129K, expenses of $147K, and assets of $642K (revenue +1.0% year-over-year).
- 2015: Revenue of $127K, expenses of $143K, and assets of $681K (revenue +0.1% year-over-year).
- 2014: Revenue of $127K, expenses of $142K, and assets of $717K (revenue +0.1% year-over-year).
- 2013: Revenue of $127K, expenses of $144K, and assets of $773K (revenue +3.2% year-over-year).
- 2012: Revenue of $123K, expenses of $108K, and assets of $415K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Knox District Housing:
Data Sources and Methodology
This transparency report for Knox District Housing 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.