Owen House Ltd
Owen House Ltd reports $0 revenue in latest filing, indicating potential dormancy after years of operating deficits.
EIN: 10601585 · Castleton, VT · NTEE: P80 · Updated: 2026-03-26
| Metric | Value |
|---|---|
| Total Expenses | $15K |
| Net Assets | $422K |
| Transparency Score | 10/100 |
Is Owen House Ltd Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Owen House Ltd
Owen House Ltd (EIN: 10601585) is a nonprofit organization based in Castleton, VT, classified under NTEE code P80. The organization reported total revenue of $0 and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Owen House Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Owen House Ltd is a micro nonprofit that has been operating for 24 years, with 7 years of IRS 990 filings on record (2011–2017).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -100.0% | -70.5% | -11.5% |
| 2016 | +20.0% | -16.4% | -0.4% |
| 2015 | -0.7% | +2.7% | -3.4% |
| 2014 | -26.9% | +0.2% | -3.3% |
| 2013 | +16.9% | -1.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Owen House Ltd with a Mission Score of 10 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.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Owen House Ltd allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one where top executives are not compensated, which is notable given the organization's size and asset base.
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 Owen House Ltd's IRS 990 filings:
- Zero revenue reported in the latest filing (2017), indicating potential cessation of activities.
- Consistent operating deficits for multiple years (e.g., 2016: $41,816 revenue vs. $51,698 expenses; 2015: $34,844 revenue vs. $61,840 expenses).
- Steady decline in assets from $541,966 in 2011 to $422,180 in 2017, suggesting asset depletion.
- Significant liabilities ($665,154 in 2016) relative to revenue and assets in prior years, although these were reported as $0 in 2017.
Strengths
The following positive indicators were identified for Owen House Ltd:
- Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
- No officer compensation reported across all filings, indicating a volunteer-led structure or efficient use of funds for leadership, though this is overshadowed by financial distress.
- Liabilities reduced to $0 in the latest filing (2017), which is a positive if the organization is indeed winding down responsibly.
Frequently Asked Questions about Owen House Ltd
Is Owen House Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Owen House Ltd (EIN: 10601585) significant concerns. Mission Score: 10/100. 4 red flags identified, 3 strengths noted.
How does Owen House Ltd spend its money?
Detailed spending breakdown data is not yet available for Owen House Ltd. Check back for updated IRS 990 analysis.
Are donations to Owen House Ltd tax-deductible?
Owen House Ltd is registered as a tax-exempt nonprofit (EIN: 10601585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Owen House Ltd compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Owen House Ltd is below average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Owen House Ltd located?
Owen House Ltd is headquartered in Castleton, Vermont and files with the IRS under EIN 10601585. It is classified under NTEE code P80.
How many years of IRS 990 filings does Owen House Ltd have?
Owen House Ltd has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Owen House Ltd still operational?
Based on the latest filing showing $0 revenue and minimal expenses ($15,233) in 2017, it is highly unlikely that Owen House Ltd is actively operating programs. This suggests a state of dormancy or winding down.
What caused the significant reduction in liabilities to $0 in 2017?
The provided data does not specify the cause. It could be due to debt forgiveness, repayment, or a transfer of liabilities, but without more detailed financial statements, the reason remains unclear.
What were the $15,233 expenses in 2017 for, given $0 revenue?
The summary data does not provide a breakdown of these expenses. They could represent administrative costs for closing down, legal fees, or minimal maintenance, but without further detail, their nature is unknown.
How did Owen House Ltd sustain operations with consistent deficits prior to 2017?
The organization likely drew down its assets to cover operating deficits, as evidenced by the decline in assets from $541,966 in 2011 to $422,180 in 2017, and potentially relied on accumulated reserves or other non-revenue income sources not detailed in the summary.
Filing History
IRS 990 filing history for Owen House Ltd showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Owen House Ltd's revenue has declined by 100%, moving from $52K to $0. Total assets decreased by 22.1% over the same period, from $542K to $422K. Total functional expenses fell by 75.1%, from $61K to $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $0 | $15K | $422K | $0 | — | — |
| 2016 | $42K | $52K | $477K | $665K | — | View 990 |
| 2015 | $35K | $62K | $479K | $657K | — | View 990 |
| 2014 | $35K | $60K | $496K | $647K | — | View 990 |
| 2013 | $48K | $60K | $513K | $639K | — | View 990 |
| 2012 | $41K | $61K | $526K | $640K | — | View 990 |
| 2011 | $52K | $61K | $542K | $636K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $0, expenses of $15K, and assets of $422K (revenue -100.0% year-over-year).
- 2016: Revenue of $42K, expenses of $52K, and assets of $477K (revenue +20.0% year-over-year).
- 2015: Revenue of $35K, expenses of $62K, and assets of $479K (revenue -0.7% year-over-year).
- 2014: Revenue of $35K, expenses of $60K, and assets of $496K (revenue -26.9% year-over-year).
- 2013: Revenue of $48K, expenses of $60K, and assets of $513K (revenue +16.9% year-over-year).
- 2012: Revenue of $41K, expenses of $61K, and assets of $526K (revenue -20.6% year-over-year).
- 2011: Revenue of $52K, expenses of $61K, and assets of $542K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Owen House Ltd:
Data Sources and Methodology
This transparency report for Owen House Ltd 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.