Mcleod Home Inc
Mcleod Home Inc maintains stable finances with no reported executive compensation and zero liabilities.
EIN: 20786927 · Chattanooga, TN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $666K |
| Total Expenses | $618K |
| Program Spending | 90% |
| Net Assets | $64K |
| Transparency Score | 95/100 |
Is Mcleod Home Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcleod Home Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcleod Home Inc
Mcleod Home Inc (EIN: 20786927) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code L21. The organization reported total revenue of $666K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcleod Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcleod Home Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $606K |
| Total Expenses | $618K |
| Surplus / Deficit | $-12,632 |
| Total Assets | $64K |
| Net Assets | $64K |
| Operating Margin | -2.1% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Mcleod Home Inc reported a deficit of $13K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Mcleod Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.5% | +35.1% | -16.4% |
| 2022 | +29.1% | +26.0% | +28.9% |
| 2021 | +8.6% | +11.2% | -15.3% |
| 2020 | -3.1% | -6.7% | +20.5% |
| 2019 | +27.4% | +28.1% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Mcleod Home Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mcleod Home Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $13K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive compensation, which is highly unusual for an organization of its size and suggests a volunteer-led or extremely lean operational model.
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 Mcleod Home Inc:
- Consistent 0% officer compensation, indicating high volunteerism or extremely low administrative costs.
- Zero reported liabilities across all filings, demonstrating strong financial health and no debt.
- Stable and growing asset base, from $42,505 in 2014 to $64,195 in 2023.
- Revenue generally covers expenses, indicating sound financial management.
- Strong program focus implied by the lack of executive compensation and liabilities.
Frequently Asked Questions about Mcleod Home Inc
Is Mcleod Home Inc a legitimate charity?
Mcleod Home Inc (EIN: 20786927) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $666K. No red flags identified. 5 strengths noted. Financial health grade: C.
How does Mcleod Home Inc spend its money?
Mcleod Home Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mcleod Home Inc tax-deductible?
Mcleod Home Inc is registered as a tax-exempt nonprofit (EIN: 20786927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mcleod Home Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Mcleod Home Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcleod Home Inc located?
Mcleod Home Inc is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 20786927. It is classified under NTEE code L21.
How many years of IRS 990 filings does Mcleod Home Inc have?
Mcleod Home 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 $666K in total revenue.
Is Mcleod Home Inc a good charity?
Based on the available financial data, Mcleod Home Inc appears to be a very good charity. It consistently reports 0% officer compensation, has no liabilities, and maintains a stable financial position with revenues generally covering expenses. This indicates a strong commitment to its mission and efficient use of funds.
How does Mcleod Home Inc manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership either serves on a purely volunteer basis or that any compensation falls below reporting thresholds, which is highly indicative of a mission-driven, low-overhead operation.
What is the trend in Mcleod Home Inc's revenue and expenses?
Mcleod Home Inc has shown a significant upward trend in both revenue and expenses over the past decade, with revenue growing from $247,000 in 2014 to $605,544 in 2023, and expenses following a similar trajectory. This indicates organizational growth and increased activity.
Does Mcleod Home Inc have any debt?
No, Mcleod Home Inc consistently reports $0 in liabilities across all available IRS 990 filings, indicating that the organization operates debt-free.
Filing History
IRS 990 filing history for Mcleod Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mcleod Home Inc's revenue has grown by 246%, moving from $175K to $606K. Total assets increased by 173.8% over the same period, from $23K to $64K. Total functional expenses rose by 253.2%, from $175K to $618K. In its most recent filing year (2023), Mcleod Home Inc reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $606K | $618K | $64K | $0 | — | View 990 |
| 2022 | $475K | $458K | $77K | $0 | — | — |
| 2021 | $368K | $363K | $60K | $0 | — | View 990 |
| 2020 | $338K | $326K | $70K | $0 | — | View 990 |
| 2019 | $349K | $350K | $58K | $0 | — | View 990 |
| 2018 | $274K | $273K | $59K | $0 | — | View 990 |
| 2017 | $273K | $270K | $58K | $0 | — | View 990 |
| 2016 | $262K | $252K | $55K | $0 | — | View 990 |
| 2015 | $255K | $252K | $45K | $0 | — | View 990 |
| 2014 | $247K | $243K | $43K | $0 | — | View 990 |
| 2013 | $188K | $184K | $34K | $0 | — | View 990 |
| 2012 | $198K | $196K | $26K | $0 | — | View 990 |
| 2011 | $175K | $175K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $606K, expenses of $618K, and assets of $64K (revenue +27.5% year-over-year).
- 2022: Revenue of $475K, expenses of $458K, and assets of $77K (revenue +29.1% year-over-year).
- 2021: Revenue of $368K, expenses of $363K, and assets of $60K (revenue +8.6% year-over-year).
- 2020: Revenue of $338K, expenses of $326K, and assets of $70K (revenue -3.1% year-over-year).
- 2019: Revenue of $349K, expenses of $350K, and assets of $58K (revenue +27.4% year-over-year).
- 2018: Revenue of $274K, expenses of $273K, and assets of $59K (revenue +0.4% year-over-year).
- 2017: Revenue of $273K, expenses of $270K, and assets of $58K (revenue +4.3% year-over-year).
- 2016: Revenue of $262K, expenses of $252K, and assets of $55K (revenue +2.7% year-over-year).
- 2015: Revenue of $255K, expenses of $252K, and assets of $45K (revenue +3.2% year-over-year).
- 2014: Revenue of $247K, expenses of $243K, and assets of $43K (revenue +31.3% year-over-year).
- 2013: Revenue of $188K, expenses of $184K, and assets of $34K (revenue -5.0% year-over-year).
- 2012: Revenue of $198K, expenses of $196K, and assets of $26K (revenue +13.2% year-over-year).
- 2011: Revenue of $175K, expenses of $175K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcleod Home Inc:
Data Sources and Methodology
This transparency report for Mcleod Home 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.