Old Ladies Home Association
EIN: 640303089 · Ridgeland, MS
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $512K |
| Net Assets | $43.7M |
Is Old Ladies Home Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Old Ladies Home Association
Old Ladies Home Association (EIN: 640303089) is a nonprofit organization based in Ridgeland, MS. The organization reported total revenue of $8.2M and total assets of $48.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Ladies Home Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Ladies Home Association is a mid-size nonprofit that has been operating for 78 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -24.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $512K |
| Surplus / Deficit | $-446,722 |
| Total Assets | $43.7M |
| Total Liabilities | $1 |
| Net Assets | $43.7M |
| Operating Margin | -685.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1025.0 months |
Financial Health Grade: B
In 2023, Old Ladies Home Association reported a deficit of $447K with expenses exceeding revenue, holds 1025.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Old Ladies Home Association's revenue has declined at a compound annual growth rate (CAGR) of -24.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.9% | -79.0% | -1.0% |
| 2022 | -67.7% | +105.0% | -0.8% |
| 2021 | +573.1% | -22.3% | +15.4% |
| 2020 | -59.5% | +4.1% | +4.4% |
| 2015 | -33.7% | +169.6% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1948 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Old Ladies Home Association 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 Old Ladies Home Association 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 $447K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Old Ladies Home Association
Is Old Ladies Home Association a legitimate charity?
Old Ladies Home Association (EIN: 640303089) is a registered tax-exempt nonprofit based in Mississippi. It has 8 years of IRS 990 filings on record. Total revenue: $8.2M. No red flags identified. Financial health grade: B.
How does Old Ladies Home Association spend its money?
Old Ladies Home Association reported $8.2M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Old Ladies Home Association tax-deductible?
Old Ladies Home Association is registered as a tax-exempt nonprofit (EIN: 640303089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Old Ladies Home Association located?
Old Ladies Home Association is headquartered in Ridgeland, Mississippi and files with the IRS under EIN 640303089.
How many years of IRS 990 filings does Old Ladies Home Association have?
Old Ladies Home Association has 8 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 $8.2M in total revenue.
Filing History
IRS 990 filing history for Old Ladies Home Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Old Ladies Home Association's revenue has declined by 95.7%, moving from $1.5M to $65K. Total assets increased by 38.9% over the same period, from $31.5M to $43.7M. Total functional expenses fell by 15.8%, from $608K to $512K. In its most recent filing year (2023), Old Ladies Home Association reported a deficit of $447K, with expenses exceeding revenue. The organization holds $1 in liabilities against $43.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $43.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $512K | $43.7M | $1 | — | View 990 |
| 2022 | $2.1M | $2.4M | $44.2M | $1 | — | View 990 |
| 2021 | $6.4M | $1.2M | $44.5M | $1 | — | — |
| 2020 | $954K | $1.5M | $38.6M | $1 | — | — |
| 2015 | $2.4M | $1.5M | $37.0M | $1 | — | View 990 |
| 2014 | $3.6M | $544K | $36.1M | $1 | — | View 990 |
| 2013 | $2.2M | $656K | $33.3M | $275K | — | View 990 |
| 2012 | $1.5M | $608K | $31.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $512K, and assets of $43.7M (revenue -96.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.4M, and assets of $44.2M (revenue -67.7% year-over-year).
- 2021: Revenue of $6.4M, expenses of $1.2M, and assets of $44.5M (revenue +573.1% year-over-year).
- 2020: Revenue of $954K, expenses of $1.5M, and assets of $38.6M (revenue -59.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $1.5M, and assets of $37.0M (revenue -33.7% year-over-year).
- 2014: Revenue of $3.6M, expenses of $544K, and assets of $36.1M (revenue +58.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $656K, and assets of $33.3M (revenue +46.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $608K, and assets of $31.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Ladies Home Association:
Data Sources and Methodology
This transparency report for Old Ladies Home Association 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.