Respite At Halibut Cove
EIN: 831135794 · Halibut Cove, AK · NTEE: X19
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $131K |
| Net Assets | $145K |
Is Respite At Halibut Cove Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Respite At Halibut Cove
Respite At Halibut Cove (EIN: 831135794) is a nonprofit organization based in Halibut Cove, AK, classified under NTEE code X19. The organization reported total revenue of $205K and total assets of $562K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Respite At Halibut Cove's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Respite At Halibut Cove is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $131K |
| Surplus / Deficit | $-22,307 |
| Total Assets | $515K |
| Total Liabilities | $370K |
| Net Assets | $145K |
| Operating Margin | -20.4% |
| Debt-to-Asset Ratio | 71.9% |
| Months of Reserves | 47.1 months |
Financial Health Grade: C
In 2023, Respite At Halibut Cove reported a deficit of $22K with expenses exceeding revenue, holds 47.1 months of operating reserves (strong position), has a debt-to-asset ratio of 71.9% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Respite At Halibut Cove's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +29.6% | -4.5% |
| 2022 | +28.6% | +4.2% | +3.1% |
| 2021 | -42.8% | +89.9% | -1.4% |
| 2020 | +233.5% | -3.2% | +26.6% |
| 2019 | +5.1% | +418.4% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Respite At Halibut Cove 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 Respite At Halibut Cove 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.9%.
Frequently Asked Questions about Respite At Halibut Cove
Is Respite At Halibut Cove a legitimate charity?
Respite At Halibut Cove (EIN: 831135794) is a registered tax-exempt nonprofit based in Alaska. It has 6 years of IRS 990 filings on record. Total revenue: $205K. No red flags identified. Financial health grade: C.
How does Respite At Halibut Cove spend its money?
Respite At Halibut Cove reported $205K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Respite At Halibut Cove tax-deductible?
Respite At Halibut Cove is registered as a tax-exempt nonprofit (EIN: 831135794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Respite At Halibut Cove located?
Respite At Halibut Cove is headquartered in Halibut Cove, Alaska and files with the IRS under EIN 831135794. It is classified under NTEE code X19.
How many years of IRS 990 filings does Respite At Halibut Cove have?
Respite At Halibut Cove has 6 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 $205K in total revenue.
Filing History
IRS 990 filing history for Respite At Halibut Cove showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Respite At Halibut Cove's revenue has grown by 130.2%, moving from $47K to $109K. Total assets increased by 22.1% over the same period, from $422K to $515K. Total functional expenses rose by 1187.7%, from $10K to $131K. In its most recent filing year (2023), Respite At Halibut Cove reported a deficit of $22K, with expenses exceeding revenue. The organization holds $370K in liabilities against $515K in assets (debt-to-asset ratio: 71.9%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $109K | $131K | $515K | $370K | — | — |
| 2022 | $122K | $101K | $540K | $372K | — | View 990 |
| 2021 | $95K | $97K | $524K | $377K | — | View 990 |
| 2020 | $166K | $51K | $531K | $382K | — | — |
| 2019 | $50K | $53K | $419K | $385K | — | View 990 |
| 2018 | $47K | $10K | $422K | $385K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $109K, expenses of $131K, and assets of $515K (revenue -10.7% year-over-year).
- 2022: Revenue of $122K, expenses of $101K, and assets of $540K (revenue +28.6% year-over-year).
- 2021: Revenue of $95K, expenses of $97K, and assets of $524K (revenue -42.8% year-over-year).
- 2020: Revenue of $166K, expenses of $51K, and assets of $531K (revenue +233.5% year-over-year).
- 2019: Revenue of $50K, expenses of $53K, and assets of $419K (revenue +5.1% year-over-year).
- 2018: Revenue of $47K, expenses of $10K, and assets of $422K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Respite At Halibut Cove:
Data Sources and Methodology
This transparency report for Respite At Halibut Cove 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.