Quaker Estates Of Portsmouth Iiiinc
Quaker Estates Of Portsmouth Iiiinc consistently operates at a deficit, drawing down assets, with no reported officer compensation.
EIN: 204128300 · Portsmouth, RI · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $86K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $893K |
| Transparency Score | 75/100 |
Is Quaker Estates Of Portsmouth Iiiinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quaker Estates Of Portsmouth Iiiinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quaker Estates Of Portsmouth Iiiinc
Quaker Estates Of Portsmouth Iiiinc (EIN: 204128300) is a nonprofit organization based in Portsmouth, RI, classified under NTEE code L22. The organization reported total revenue of $59K and total assets of $912K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quaker Estates Of Portsmouth Iiiinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quaker Estates Of Portsmouth Iiiinc is a micro nonprofit that has been operating for 20 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $86K |
| Surplus / Deficit | $-26,297 |
| Total Assets | $912K |
| Total Liabilities | $18K |
| Net Assets | $893K |
| Operating Margin | -44.2% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 127.6 months |
Financial Health Grade: B
In 2018, Quaker Estates Of Portsmouth Iiiinc reported a deficit of $26K with expenses exceeding revenue, holds 127.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Quaker Estates Of Portsmouth Iiiinc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +0.2% | +10.8% | -1.8% |
| 2017 | -3.0% | +7.3% | -1.8% |
| 2016 | +4.7% | -5.6% | -2.8% |
| 2015 | +3.6% | +5.0% | -1.6% |
| 2014 | +9.1% | +0.6% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Quaker Estates Of Portsmouth Iiiinc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Quaker Estates Of Portsmouth Iiiinc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are not compensated, which is highly unusual for an organization with nearly $1 million in assets and consistent expenses, suggesting volunteer leadership or compensation through other means.
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 Quaker Estates Of Portsmouth Iiiinc's IRS 990 filings:
- Consistent operational deficits (e.g., $26,297 deficit in 2018)
- Gradual but consistent decline in total assets over time (from $1,039,064 in 2011 to $911,679 in 2018)
Strengths
The following positive indicators were identified for Quaker Estates Of Portsmouth Iiiinc:
- Consistent IRS 990 filing history demonstrating transparency
- 0% reported officer compensation across all years, indicating potential volunteer leadership or highly efficient use of funds
- Low liabilities relative to assets (e.g., $18,304 liabilities vs. $911,679 assets in 2018)
Frequently Asked Questions about Quaker Estates Of Portsmouth Iiiinc
Is Quaker Estates Of Portsmouth Iiiinc a legitimate charity?
Quaker Estates Of Portsmouth Iiiinc (EIN: 204128300) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $59K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Quaker Estates Of Portsmouth Iiiinc spend its money?
Quaker Estates Of Portsmouth Iiiinc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Quaker Estates Of Portsmouth Iiiinc tax-deductible?
Quaker Estates Of Portsmouth Iiiinc is registered as a tax-exempt nonprofit (EIN: 204128300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Quaker Estates Of Portsmouth Iiiinc CEO make?
Quaker Estates Of Portsmouth Iiiinc's highest-compensated officer earns $1 annually. The organization reported $59K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Quaker Estates Of Portsmouth Iiiinc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Quaker Estates Of Portsmouth Iiiinc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quaker Estates Of Portsmouth Iiiinc located?
Quaker Estates Of Portsmouth Iiiinc is headquartered in Portsmouth, Rhode Island and files with the IRS under EIN 204128300. It is classified under NTEE code L22.
How many years of IRS 990 filings does Quaker Estates Of Portsmouth Iiiinc have?
Quaker Estates Of Portsmouth Iiiinc 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 $59K in total revenue.
How does Quaker Estates Of Portsmouth Iiiinc cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $85,764 expenses vs. $59,467 revenue in 2018). This suggests they are either drawing down on their assets, which have decreased from $1,039,064 in 2011 to $911,679 in 2018, or relying on other unreported funding sources.
What is the long-term sustainability plan given the declining assets and consistent deficits?
With assets decreasing by over $127,000 between 2011 and 2018, and annual expenses consistently exceeding revenue, the organization's long-term financial sustainability warrants further inquiry into their strategy for covering these shortfalls and maintaining their asset base.
Are the officers truly uncompensated, or is compensation reported under a different category?
The 0% officer compensation across all filings is notable. It's important to understand if leadership is entirely volunteer or if compensation is categorized differently within the expense structure, as this impacts the true administrative cost.
Filing History
IRS 990 filing history for Quaker Estates Of Portsmouth Iiiinc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Quaker Estates Of Portsmouth Iiiinc's revenue has grown by 26.5%, moving from $47K to $59K. Total assets decreased by 12.3% over the same period, from $1.0M to $912K. Total functional expenses rose by 35.4%, from $63K to $86K. In its most recent filing year (2018), Quaker Estates Of Portsmouth Iiiinc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $18K in liabilities against $912K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $893K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $59K | $86K | $912K | $18K | — | View 990 |
| 2017 | $59K | $77K | $929K | $9K | — | View 990 |
| 2016 | $61K | $72K | $946K | $4K | — | View 990 |
| 2015 | $58K | $76K | $973K | $8K | — | View 990 |
| 2014 | $56K | $73K | $988K | $6K | — | View 990 |
| 2013 | $52K | $72K | $1.0M | $6K | — | View 990 |
| 2012 | $54K | $68K | $1.0M | $5K | — | View 990 |
| 2011 | $47K | $63K | $1.0M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $59K, expenses of $86K, and assets of $912K (revenue +0.2% year-over-year).
- 2017: Revenue of $59K, expenses of $77K, and assets of $929K (revenue -3.0% year-over-year).
- 2016: Revenue of $61K, expenses of $72K, and assets of $946K (revenue +4.7% year-over-year).
- 2015: Revenue of $58K, expenses of $76K, and assets of $973K (revenue +3.6% year-over-year).
- 2014: Revenue of $56K, expenses of $73K, and assets of $988K (revenue +9.1% year-over-year).
- 2013: Revenue of $52K, expenses of $72K, and assets of $1.0M (revenue -3.5% year-over-year).
- 2012: Revenue of $54K, expenses of $68K, and assets of $1.0M (revenue +14.0% year-over-year).
- 2011: Revenue of $47K, expenses of $63K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quaker Estates Of Portsmouth Iiiinc:
Data Sources and Methodology
This transparency report for Quaker Estates Of Portsmouth Iiiinc 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.