Niagara Homemaker Services Inc
Niagara Homemaker Services Inc. faces significant financial challenges with consistent operating deficits and declining net assets.
EIN: 161317960 · Buffalo, NY · NTEE: P44Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $7.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $-1,037,197 |
| Transparency Score | 45/100 |
Is Niagara Homemaker Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Niagara Homemaker Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Niagara Homemaker Services Inc
Niagara Homemaker Services Inc (EIN: 161317960) is a nonprofit organization based in Buffalo, NY, classified under NTEE code P44Z. The organization reported total revenue of $6.9M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Homemaker Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Homemaker Services Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $7.3M |
| Surplus / Deficit | $-858,886 |
| Total Assets | $2.8M |
| Total Liabilities | $3.9M |
| Net Assets | $-1,037,197 |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 136.6% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2023, Niagara Homemaker Services Inc reported a deficit of $859K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 136.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Niagara Homemaker Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +10.1% | -16.1% |
| 2022 | -8.0% | -3.9% | -19.6% |
| 2021 | -6.0% | -5.9% | -17.0% |
| 2020 | -13.5% | -9.6% | +13.2% |
| 2019 | +21.9% | +23.7% | +19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Niagara Homemaker Services Inc 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, Niagara Homemaker Services Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $859K, with expenses exceeding revenue.
- Debt-to-asset ratio: 136.6%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, which is unusual for an organization with annual revenues consistently above $6 million. This could indicate that executive compensation is structured differently or not reported under 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership.
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 Niagara Homemaker Services Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in multiple recent years (e.g., 2023, 2022, 2021, 2020).
- Declining net assets: Net assets have significantly decreased from $5,057,755 in 2020 to $2,832,702 in 2023.
- Liabilities exceed assets: In 2023, liabilities ($3,869,899) surpassed assets ($2,832,702), indicating a negative net asset position.
- No reported officer compensation: The absence of officer compensation across all 13 filings is unusual for an organization of this revenue size.
Strengths
The following positive indicators were identified for Niagara Homemaker Services Inc:
- Consistent revenue generation: The organization consistently generates over $6 million in annual revenue, indicating a stable funding base.
- Long filing history: 13 years of IRS 990 filings demonstrate a commitment to public transparency.
- Significant scale of operations: With revenues consistently in the multi-millions, the organization operates at a substantial scale, suggesting a significant impact in its service area.
Frequently Asked Questions about Niagara Homemaker Services Inc
Is Niagara Homemaker Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Niagara Homemaker Services Inc (EIN: 161317960) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Niagara Homemaker Services Inc spend its money?
Niagara Homemaker Services Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Niagara Homemaker Services Inc tax-deductible?
Niagara Homemaker Services Inc is registered as a tax-exempt nonprofit (EIN: 161317960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Niagara Homemaker Services Inc CEO make?
Niagara Homemaker Services Inc's highest-compensated officer earns $6 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Niagara Homemaker Services Inc's spending goes to programs?
Niagara Homemaker Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Niagara Homemaker Services Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Niagara Homemaker Services Inc is near average for NTEE category P44Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Niagara Homemaker Services Inc located?
Niagara Homemaker Services Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161317960. It is classified under NTEE code P44Z.
How many years of IRS 990 filings does Niagara Homemaker Services Inc have?
Niagara Homemaker Services 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 $6.9M in total revenue.
How does Niagara Homemaker Services Inc. plan to address its consistent operating deficits?
The organization has consistently spent more than it earned in recent years (e.g., $7,267,173 expenses vs. $6,408,287 revenue in 2023), leading to a decline in assets and an increase in liabilities. A clear strategy for achieving financial sustainability is crucial.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown from the 990s, it's difficult to assess spending efficiency. The overall financial health suggests a need to scrutinize how funds are allocated.
Why is no officer compensation reported in any of the 13 filings?
The absence of reported officer compensation for an organization of this size is atypical and warrants further clarification regarding leadership compensation structures.
What is the plan to reverse the trend of declining net assets and increasing liabilities?
Net assets have decreased from over $5 million in 2020 to $2.8 million in 2023, while liabilities have grown to exceed assets. This trend is unsustainable and requires a robust financial recovery plan.
Filing History
IRS 990 filing history for Niagara Homemaker Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Niagara Homemaker Services Inc's revenue has grown by 1.8%, moving from $6.3M to $6.4M. Total assets increased by 37.5% over the same period, from $2.1M to $2.8M. Total functional expenses rose by 9.6%, from $6.6M to $7.3M. In its most recent filing year (2023), Niagara Homemaker Services Inc reported a deficit of $859K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $2.8M in assets (debt-to-asset ratio: 136.6%), resulting in net assets of $-1,037,197.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $7.3M | $2.8M | $3.9M | — | — |
| 2022 | $6.1M | $6.6M | $3.4M | $3.4M | — | View 990 |
| 2021 | $6.6M | $6.9M | $4.2M | $4.2M | — | View 990 |
| 2020 | $7.0M | $7.3M | $5.1M | $5.2M | — | View 990 |
| 2019 | $8.1M | $8.1M | $4.5M | $4.1M | — | View 990 |
| 2018 | $6.7M | $6.5M | $3.7M | $2.9M | — | View 990 |
| 2017 | $6.6M | $6.4M | $3.1M | $2.4M | — | — |
| 2016 | $6.7M | $6.4M | $3.3M | $2.6M | — | View 990 |
| 2015 | $6.7M | $6.2M | $3.0M | $2.7M | — | View 990 |
| 2014 | $7.3M | $7.1M | $2.9M | $3.2M | — | View 990 |
| 2013 | $8.0M | $7.5M | $3.0M | $3.2M | — | View 990 |
| 2012 | $7.1M | $7.6M | $2.2M | $2.7M | — | View 990 |
| 2011 | $6.3M | $6.6M | $2.1M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $7.3M, and assets of $2.8M (revenue +5.5% year-over-year).
- 2022: Revenue of $6.1M, expenses of $6.6M, and assets of $3.4M (revenue -8.0% year-over-year).
- 2021: Revenue of $6.6M, expenses of $6.9M, and assets of $4.2M (revenue -6.0% year-over-year).
- 2020: Revenue of $7.0M, expenses of $7.3M, and assets of $5.1M (revenue -13.5% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.1M, and assets of $4.5M (revenue +21.9% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.5M, and assets of $3.7M (revenue +1.3% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.4M, and assets of $3.1M (revenue -2.4% year-over-year).
- 2016: Revenue of $6.7M, expenses of $6.4M, and assets of $3.3M (revenue +0.5% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.2M, and assets of $3.0M (revenue -7.7% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.1M, and assets of $2.9M (revenue -9.1% year-over-year).
- 2013: Revenue of $8.0M, expenses of $7.5M, and assets of $3.0M (revenue +12.1% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.6M, and assets of $2.2M (revenue +13.2% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.6M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Homemaker Services Inc:
Data Sources and Methodology
This transparency report for Niagara Homemaker Services 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.