Oye Palaver Hut Inc
EIN: 522217353 · Washington, DC · NTEE: A65
| Metric | Value |
|---|---|
| Total Revenue | $245K |
| Total Expenses | $234K |
| Net Assets | $13K |
Is Oye Palaver Hut Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Oye Palaver Hut Inc
Oye Palaver Hut Inc (EIN: 522217353) is a nonprofit organization based in Washington, DC, classified under NTEE code A65. The organization reported total revenue of $245K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oye Palaver Hut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oye Palaver Hut Inc is a small nonprofit that has been operating for 23 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 28.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $234K |
| Surplus / Deficit | +$1K |
| Total Assets | $44K |
| Total Liabilities | $31K |
| Net Assets | $13K |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 70.5% |
| Months of Reserves | 2.3 months |
Financial Health Grade: B
In 2023, Oye Palaver Hut Inc reported a surplus of $1K with revenue exceeding expenses, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 70.5% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Oye Palaver Hut Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.3% | +40.6% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Oye Palaver Hut 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 Oye Palaver Hut 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 $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.5%.
Frequently Asked Questions about Oye Palaver Hut Inc
Is Oye Palaver Hut Inc a legitimate charity?
Oye Palaver Hut Inc (EIN: 522217353) is a registered tax-exempt nonprofit based in Washington DC. It has 2 years of IRS 990 filings on record. Total revenue: $245K. No red flags identified. Financial health grade: B.
How does Oye Palaver Hut Inc spend its money?
Oye Palaver Hut Inc reported $245K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Oye Palaver Hut Inc tax-deductible?
Oye Palaver Hut Inc is registered as a tax-exempt nonprofit (EIN: 522217353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Oye Palaver Hut Inc located?
Oye Palaver Hut Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 522217353. It is classified under NTEE code A65.
How many years of IRS 990 filings does Oye Palaver Hut Inc have?
Oye Palaver Hut Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $245K in total revenue.
Filing History
IRS 990 filing history for Oye Palaver Hut Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Oye Palaver Hut Inc's revenue has grown by 28.3%, moving from $183K to $235K. Total assets increased by 6.3% over the same period, from $41K to $44K. Total functional expenses rose by 40.6%, from $166K to $234K. In its most recent filing year (2023), Oye Palaver Hut Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $31K in liabilities against $44K in assets (debt-to-asset ratio: 70.5%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $234K | $44K | $31K | — | View 990 |
| 2022 | $183K | $166K | $41K | $29K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oye Palaver Hut Inc:
Data Sources and Methodology
This transparency report for Oye Palaver Hut 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.