Nicholas House Inc
EIN: 581762614 · Atlanta, GA · NTEE: L41Z
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.1M |
| Net Assets | $1.4M |
Is Nicholas House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nicholas House Inc
Nicholas House Inc (EIN: 581762614) is a nonprofit organization based in Atlanta, GA, classified under NTEE code L41Z. The organization reported total revenue of $3.5M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nicholas House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nicholas House Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$55K |
| Total Assets | $1.6M |
| Total Liabilities | $148K |
| Net Assets | $1.4M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, Nicholas House Inc reported a surplus of $55K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nicholas House Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.8% | -15.5% | -2.1% |
| 2022 | -38.3% | -39.2% | +2.7% |
| 2021 | +56.9% | +63.8% | -22.5% |
| 2020 | +13.7% | +14.6% | +78.2% |
| 2019 | +17.8% | +13.1% | +27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nicholas House Inc 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 Nicholas House Inc 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 surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.5%.
Frequently Asked Questions about Nicholas House Inc
Is Nicholas House Inc a legitimate charity?
Nicholas House Inc (EIN: 581762614) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. Financial health grade: A.
How does Nicholas House Inc spend its money?
Nicholas House Inc reported $3.5M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nicholas House Inc tax-deductible?
Nicholas House Inc is registered as a tax-exempt nonprofit (EIN: 581762614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nicholas House Inc located?
Nicholas House Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 581762614. It is classified under NTEE code L41Z.
How many years of IRS 990 filings does Nicholas House Inc have?
Nicholas House 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 $3.5M in total revenue.
Filing History
IRS 990 filing history for Nicholas House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nicholas House Inc's revenue has grown by 63.5%, moving from $1.3M to $2.1M. Total assets increased by 180.2% over the same period, from $558K to $1.6M. Total functional expenses rose by 67.4%, from $1.2M to $2.1M. In its most recent filing year (2023), Nicholas House Inc reported a surplus of $55K, with revenue exceeding expenses. The organization holds $148K in liabilities against $1.6M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.1M | $1.6M | $148K | — | View 990 |
| 2022 | $2.6M | $2.5M | $1.6M | $236K | — | View 990 |
| 2021 | $4.2M | $4.1M | $1.6M | $300K | — | View 990 |
| 2020 | $2.7M | $2.5M | $2.0M | $859K | — | — |
| 2019 | $2.3M | $2.2M | $1.1M | $154K | — | View 990 |
| 2018 | $2.0M | $1.9M | $884K | $85K | — | View 990 |
| 2017 | $1.7M | $1.8M | $813K | $84K | — | View 990 |
| 2016 | $1.7M | $1.7M | $916K | $125K | — | View 990 |
| 2015 | $1.8M | $1.7M | $832K | $62K | — | View 990 |
| 2014 | $1.2M | $1.2M | $742K | $32K | — | View 990 |
| 2013 | $1.2M | $1.2M | $714K | $28K | — | View 990 |
| 2012 | $1.3M | $1.1M | $711K | $45K | — | View 990 |
| 2011 | $1.3M | $1.2M | $558K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.1M, and assets of $1.6M (revenue -16.8% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.5M, and assets of $1.6M (revenue -38.3% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.1M, and assets of $1.6M (revenue +56.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.5M, and assets of $2.0M (revenue +13.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $1.1M (revenue +17.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $884K (revenue +15.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $813K (revenue +-0.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $916K (revenue -2.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $832K (revenue +44.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $742K (revenue -2.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $714K (revenue -5.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $711K (revenue +0.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $558K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nicholas House Inc:
Data Sources and Methodology
This transparency report for Nicholas House 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.