Ninth Street Kin
EIN: 561385931 · Durham, NC · NTEE: P33Z
| Metric | Value |
|---|---|
| Total Revenue | $621K |
| Total Expenses | $544K |
| Net Assets | $467K |
Is Ninth Street Kin Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ninth Street Kin
Ninth Street Kin (EIN: 561385931) is a nonprofit organization based in Durham, NC, classified under NTEE code P33Z. The organization reported total revenue of $621K and total assets of $518K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ninth Street Kin's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ninth Street Kin is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $613K |
| Total Expenses | $544K |
| Surplus / Deficit | +$69K |
| Total Assets | $515K |
| Total Liabilities | $48K |
| Net Assets | $467K |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Ninth Street Kin reported a surplus of $69K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ninth Street Kin's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +8.5% | +9.2% |
| 2022 | +6.7% | -0.7% | +20.7% |
| 2021 | -1.2% | +9.6% | +11.8% |
| 2020 | +19.3% | +0.8% | +36.6% |
| 2019 | +2.8% | +0.1% | +1.3% |
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 Analysis Pending
AI enrichment for Ninth Street Kin 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 Ninth Street Kin 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 $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.3%.
Frequently Asked Questions about Ninth Street Kin
Is Ninth Street Kin a legitimate charity?
Based on AI analysis of IRS 990 filings, Ninth Street Kin (EIN: 561385931) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ninth Street Kin spend its money?
Detailed spending breakdown data is not yet available for Ninth Street Kin. Check back for updated IRS 990 analysis.
Are donations to Ninth Street Kin tax-deductible?
Ninth Street Kin is registered as a tax-exempt nonprofit (EIN: 561385931). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ninth Street Kin located?
Ninth Street Kin is headquartered in Durham, North Carolina and files with the IRS under EIN 561385931. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Ninth Street Kin have?
Ninth Street Kin 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 $621K in total revenue.
Filing History
IRS 990 filing history for Ninth Street Kin showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ninth Street Kin's revenue has grown by 41.1%, moving from $434K to $613K. Total assets increased by 79.5% over the same period, from $287K to $515K. Total functional expenses rose by 24.5%, from $437K to $544K. In its most recent filing year (2023), Ninth Street Kin reported a surplus of $69K, with revenue exceeding expenses. The organization holds $48K in liabilities against $515K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $467K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $613K | $544K | $515K | $48K | — | — |
| 2022 | $606K | $502K | $471K | $73K | — | View 990 |
| 2021 | $568K | $505K | $391K | $96K | — | View 990 |
| 2020 | $575K | $461K | $349K | $118K | — | View 990 |
| 2019 | $482K | $457K | $256K | $138K | — | View 990 |
| 2018 | $469K | $457K | $252K | $156K | — | View 990 |
| 2017 | $447K | $434K | $257K | $172K | — | View 990 |
| 2016 | $404K | $401K | $260K | $187K | — | View 990 |
| 2015 | $420K | $406K | $271K | $201K | — | View 990 |
| 2014 | $454K | $447K | $269K | $214K | — | View 990 |
| 2013 | $430K | $430K | $280K | $226K | — | View 990 |
| 2012 | $439K | $424K | $274K | $213K | — | View 990 |
| 2011 | $434K | $437K | $287K | $241K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $613K, expenses of $544K, and assets of $515K (revenue +1.1% year-over-year).
- 2022: Revenue of $606K, expenses of $502K, and assets of $471K (revenue +6.7% year-over-year).
- 2021: Revenue of $568K, expenses of $505K, and assets of $391K (revenue -1.2% year-over-year).
- 2020: Revenue of $575K, expenses of $461K, and assets of $349K (revenue +19.3% year-over-year).
- 2019: Revenue of $482K, expenses of $457K, and assets of $256K (revenue +2.8% year-over-year).
- 2018: Revenue of $469K, expenses of $457K, and assets of $252K (revenue +5.0% year-over-year).
- 2017: Revenue of $447K, expenses of $434K, and assets of $257K (revenue +10.5% year-over-year).
- 2016: Revenue of $404K, expenses of $401K, and assets of $260K (revenue -3.8% year-over-year).
- 2015: Revenue of $420K, expenses of $406K, and assets of $271K (revenue -7.4% year-over-year).
- 2014: Revenue of $454K, expenses of $447K, and assets of $269K (revenue +5.6% year-over-year).
- 2013: Revenue of $430K, expenses of $430K, and assets of $280K (revenue -2.2% year-over-year).
- 2012: Revenue of $439K, expenses of $424K, and assets of $274K (revenue +1.1% year-over-year).
- 2011: Revenue of $434K, expenses of $437K, and assets of $287K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ninth Street Kin:
Data Sources and Methodology
This transparency report for Ninth Street Kin 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.