Quaker Estates Of Portsmouth Iv Inc
Quaker Estates Of Portsmouth IV Inc consistently operates at a deficit, drawing down assets while maintaining low liabilities and no executive compensation.
EIN: 205984006 · Portsmouth, RI · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $277K |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Quaker Estates Of Portsmouth Iv Inc 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 Iv Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quaker Estates Of Portsmouth Iv Inc
Quaker Estates Of Portsmouth Iv Inc (EIN: 205984006) is a nonprofit organization based in Portsmouth, RI, classified under NTEE code L22. The organization reported total revenue of $161K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quaker Estates Of Portsmouth Iv Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quaker Estates Of Portsmouth Iv Inc is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $277K |
| Surplus / Deficit | $-116,306 |
| Total Assets | $2.2M |
| Total Liabilities | $78K |
| Net Assets | $2.1M |
| Operating Margin | -72.2% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 94.7 months |
Financial Health Grade: B
In 2018, Quaker Estates Of Portsmouth Iv Inc reported a deficit of $116K with expenses exceeding revenue, holds 94.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Quaker Estates Of Portsmouth Iv Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -8.4% | +6.7% | -3.1% |
| 2017 | +0.4% | +13.8% | -3.6% |
| 2016 | -1.4% | -3.4% | -2.4% |
| 2015 | +0.3% | +6.1% | -1.7% |
| 2014 | +1.6% | +3.2% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Iv Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Quaker Estates Of Portsmouth Iv Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $116K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
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 Iv Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in all reported periods (e.g., $277,474 expenses vs. $161,168 revenue in 2018).
- Gradual decline in total assets over time, from $2.58 million in 2011 to $2.19 million in 2018, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Quaker Estates Of Portsmouth Iv Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and potentially volunteer leadership.
- Low liabilities relative to assets, suggesting a strong financial position despite operating deficits.
- Consistent revenue streams, averaging around $170,000 annually, indicating a stable funding base.
- Clear and consistent IRS 990 filing history, demonstrating good transparency.
Frequently Asked Questions about Quaker Estates Of Portsmouth Iv Inc
Is Quaker Estates Of Portsmouth Iv Inc a legitimate charity?
Quaker Estates Of Portsmouth Iv Inc (EIN: 205984006) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $161K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Quaker Estates Of Portsmouth Iv Inc spend its money?
Quaker Estates Of Portsmouth Iv Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Quaker Estates Of Portsmouth Iv Inc tax-deductible?
Quaker Estates Of Portsmouth Iv Inc is registered as a tax-exempt nonprofit (EIN: 205984006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Quaker Estates Of Portsmouth Iv Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Quaker Estates Of Portsmouth Iv Inc 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 Iv Inc located?
Quaker Estates Of Portsmouth Iv Inc is headquartered in Portsmouth, Rhode Island and files with the IRS under EIN 205984006. It is classified under NTEE code L22.
How many years of IRS 990 filings does Quaker Estates Of Portsmouth Iv Inc have?
Quaker Estates Of Portsmouth Iv Inc 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 $161K in total revenue.
Is Quaker Estates Of Portsmouth Iv Inc financially sustainable given its consistent operating deficits?
While the organization consistently spends more than it earns, leading to a decline in assets from $2.58 million in 2011 to $2.19 million in 2018, its substantial asset base provides a buffer. However, this trend is not sustainable indefinitely without new revenue streams or reduced expenses.
What is the primary source of Quaker Estates Of Portsmouth Iv Inc's revenue?
Based on the NTEE code L22 (Housing, Shelter) and consistent revenue around $170,000, it is likely that the primary revenue comes from rental income or fees associated with housing services, though specific details are not provided in the summary data.
How does the lack of officer compensation impact the organization?
The absence of officer compensation significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards program services. This is a strong indicator of efficiency and dedication to its mission.
Are the liabilities of Quaker Estates Of Portsmouth Iv Inc a concern?
No, the liabilities are relatively low, at $77,607 in 2018, especially when compared to its assets of $2,190,267. This suggests a healthy balance sheet with manageable debt.
Filing History
IRS 990 filing history for Quaker Estates Of Portsmouth Iv Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Quaker Estates Of Portsmouth Iv Inc's revenue has declined by 8.3%, moving from $176K to $161K. Total assets decreased by 15.2% over the same period, from $2.6M to $2.2M. Total functional expenses rose by 31.8%, from $210K to $277K. In its most recent filing year (2018), Quaker Estates Of Portsmouth Iv Inc reported a deficit of $116K, with expenses exceeding revenue. The organization holds $78K in liabilities against $2.2M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $161K | $277K | $2.2M | $78K | — | View 990 |
| 2017 | $176K | $260K | $2.3M | $32K | — | View 990 |
| 2016 | $175K | $228K | $2.3M | $33K | — | View 990 |
| 2015 | $178K | $236K | $2.4M | $37K | — | View 990 |
| 2014 | $177K | $223K | $2.4M | $20K | — | View 990 |
| 2013 | $174K | $216K | $2.5M | $31K | — | View 990 |
| 2012 | $176K | $217K | $2.5M | $36K | — | View 990 |
| 2011 | $176K | $210K | $2.6M | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $161K, expenses of $277K, and assets of $2.2M (revenue -8.4% year-over-year).
- 2017: Revenue of $176K, expenses of $260K, and assets of $2.3M (revenue +0.4% year-over-year).
- 2016: Revenue of $175K, expenses of $228K, and assets of $2.3M (revenue -1.4% year-over-year).
- 2015: Revenue of $178K, expenses of $236K, and assets of $2.4M (revenue +0.3% year-over-year).
- 2014: Revenue of $177K, expenses of $223K, and assets of $2.4M (revenue +1.6% year-over-year).
- 2013: Revenue of $174K, expenses of $216K, and assets of $2.5M (revenue -1.1% year-over-year).
- 2012: Revenue of $176K, expenses of $217K, and assets of $2.5M (revenue +0.2% year-over-year).
- 2011: Revenue of $176K, expenses of $210K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quaker Estates Of Portsmouth Iv Inc:
Data Sources and Methodology
This transparency report for Quaker Estates Of Portsmouth Iv 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.