Potomac Area Hostels
EIN: 851246031 · Glenn Dale, MD
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $160K |
| Net Assets | $2.1M |
Is Potomac Area Hostels Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Potomac Area Hostels
Potomac Area Hostels (EIN: 851246031) is a nonprofit organization based in Glenn Dale, MD. The organization reported total revenue of $282K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potomac Area Hostels's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potomac Area Hostels is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -30.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $160K |
| Surplus / Deficit | $-42,958 |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | -36.9% |
| Months of Reserves | 155.3 months |
Financial Health Grade: B
In 2023, Potomac Area Hostels reported a deficit of $43K with expenses exceeding revenue, holds 155.3 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Potomac Area Hostels's revenue has declined at a compound annual growth rate (CAGR) of -30.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.5% | +8.3% | -2.0% |
| 2022 | -96.7% | +133.2% | -3.8% |
| 2021 | +461.6% | -80.8% | +559.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Potomac Area Hostels 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 Potomac Area Hostels 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 $43K, with expenses exceeding revenue.
Frequently Asked Questions about Potomac Area Hostels
Is Potomac Area Hostels a legitimate charity?
Based on AI analysis of IRS 990 filings, Potomac Area Hostels (EIN: 851246031) insufficient data. 0 red flags identified, 0 strengths noted.
How does Potomac Area Hostels spend its money?
Detailed spending breakdown data is not yet available for Potomac Area Hostels. Check back for updated IRS 990 analysis.
Are donations to Potomac Area Hostels tax-deductible?
Potomac Area Hostels is registered as a tax-exempt nonprofit (EIN: 851246031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Potomac Area Hostels located?
Potomac Area Hostels is headquartered in Glenn Dale, Maryland and files with the IRS under EIN 851246031.
How many years of IRS 990 filings does Potomac Area Hostels have?
Potomac Area Hostels has 4 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 $282K in total revenue.
Filing History
IRS 990 filing history for Potomac Area Hostels showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Potomac Area Hostels's revenue has declined by 65.9%, moving from $342K to $117K. Total assets increased by 521.8% over the same period, from $332K to $2.1M. Total functional expenses fell by 51.6%, from $330K to $160K. In its most recent filing year (2023), Potomac Area Hostels reported a deficit of $43K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $160K | $2.1M | $0 | — | — |
| 2022 | $64K | $147K | $2.1M | $0 | — | View 990 |
| 2021 | $1.9M | $63K | $2.2M | $0 | — | — |
| 2020 | $342K | $330K | $332K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $160K, and assets of $2.1M (revenue +82.5% year-over-year).
- 2022: Revenue of $64K, expenses of $147K, and assets of $2.1M (revenue -96.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $63K, and assets of $2.2M (revenue +461.6% year-over-year).
- 2020: Revenue of $342K, expenses of $330K, and assets of $332K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potomac Area Hostels:
Data Sources and Methodology
This transparency report for Potomac Area Hostels 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.