Nazareth Childrens Home
EIN: 560556754 · Rockwell, NC · NTEE: P70Z
| Metric | Value |
|---|---|
| Total Revenue | $7.6M |
| Total Expenses | $5.4M |
| Net Assets | $12.1M |
Is Nazareth Childrens Home Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nazareth Childrens Home
Nazareth Childrens Home (EIN: 560556754) is a nonprofit organization based in Rockwell, NC, classified under NTEE code P70Z. The organization reported total revenue of $7.6M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nazareth Childrens Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nazareth Childrens Home is a mid-size nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-1,100,904 |
| Total Assets | $12.6M |
| Total Liabilities | $488K |
| Net Assets | $12.1M |
| Operating Margin | -25.4% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 27.8 months |
Financial Health Grade: B
In 2023, Nazareth Childrens Home reported a deficit of $1.1M with expenses exceeding revenue, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nazareth Childrens Home's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +11.3% | -3.4% |
| 2022 | -18.7% | +0.9% | -17.1% |
| 2021 | -12.4% | -14.6% | +7.0% |
| 2020 | +14.0% | +3.6% | +4.8% |
| 2019 | -16.4% | -9.7% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nazareth Childrens Home 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 Nazareth Childrens Home 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Nazareth Childrens Home
Is Nazareth Childrens Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Nazareth Childrens Home (EIN: 560556754) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nazareth Childrens Home spend its money?
Detailed spending breakdown data is not yet available for Nazareth Childrens Home. Check back for updated IRS 990 analysis.
Are donations to Nazareth Childrens Home tax-deductible?
Nazareth Childrens Home is registered as a tax-exempt nonprofit (EIN: 560556754). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nazareth Childrens Home located?
Nazareth Childrens Home is headquartered in Rockwell, North Carolina and files with the IRS under EIN 560556754. It is classified under NTEE code P70Z.
How many years of IRS 990 filings does Nazareth Childrens Home have?
Nazareth Childrens Home 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 $7.6M in total revenue.
Filing History
IRS 990 filing history for Nazareth Childrens Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nazareth Childrens Home's revenue has grown by 31.3%, moving from $3.3M to $4.3M. Total assets increased by 12.2% over the same period, from $11.2M to $12.6M. Total functional expenses rose by 57.9%, from $3.4M to $5.4M. In its most recent filing year (2023), Nazareth Childrens Home reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $488K in liabilities against $12.6M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $5.4M | $12.6M | $488K | — | View 990 |
| 2022 | $4.1M | $4.9M | $13.0M | $409K | — | View 990 |
| 2021 | $5.0M | $4.8M | $15.7M | $376K | — | — |
| 2020 | $5.7M | $5.7M | $14.7M | $1.1M | — | View 990 |
| 2019 | $5.0M | $5.5M | $14.0M | $456K | — | View 990 |
| 2018 | $6.0M | $6.1M | $14.5M | $394K | — | View 990 |
| 2017 | $5.8M | $5.8M | $17.9M | $3.9M | — | View 990 |
| 2016 | $5.1M | $5.4M | $16.9M | $3.6M | — | View 990 |
| 2015 | $5.2M | $4.6M | $13.9M | $209K | — | View 990 |
| 2014 | $4.4M | $4.0M | $13.5M | $435K | — | View 990 |
| 2013 | $4.9M | $4.3M | $13.1M | $464K | — | View 990 |
| 2012 | $4.5M | $3.6M | $12.2M | $155K | — | View 990 |
| 2011 | $3.3M | $3.4M | $11.2M | $145K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $5.4M, and assets of $12.6M (revenue +6.6% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.9M, and assets of $13.0M (revenue -18.7% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.8M, and assets of $15.7M (revenue -12.4% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.7M, and assets of $14.7M (revenue +14.0% year-over-year).
- 2019: Revenue of $5.0M, expenses of $5.5M, and assets of $14.0M (revenue -16.4% year-over-year).
- 2018: Revenue of $6.0M, expenses of $6.1M, and assets of $14.5M (revenue +2.9% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.8M, and assets of $17.9M (revenue +13.7% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.4M, and assets of $16.9M (revenue -2.5% year-over-year).
- 2015: Revenue of $5.2M, expenses of $4.6M, and assets of $13.9M (revenue +18.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.0M, and assets of $13.5M (revenue -9.6% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.3M, and assets of $13.1M (revenue +8.4% year-over-year).
- 2012: Revenue of $4.5M, expenses of $3.6M, and assets of $12.2M (revenue +36.8% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.4M, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nazareth Childrens Home:
Data Sources and Methodology
This transparency report for Nazareth Childrens Home 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.