Revels North Inc
Revels North Inc: Declining Revenue and Asset Base Raise Sustainability Concerns
EIN: 222629433 · Lebanon, NH · NTEE: A600 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $151K |
| Program Spending | 75% |
| Net Assets | $16K |
| Transparency Score | 70/100 |
Is Revels North Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Revels North Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Revels North Inc
Revels North Inc (EIN: 222629433) is a nonprofit organization based in Lebanon, NH, classified under NTEE code A600. The organization reported total revenue of $114K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Revels North Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Revels North Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $151K |
| Surplus / Deficit | $-37,029 |
| Total Assets | $19K |
| Total Liabilities | $3K |
| Net Assets | $16K |
| Operating Margin | -32.4% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 1.5 months |
Financial Health Grade: C
In 2023, Revels North Inc reported a deficit of $37K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Revels North Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.4% | +17.4% | -64.6% |
| 2022 | -66.2% | -12.6% | -50.6% |
| 2022 | +49.9% | -17.1% | +53.0% |
| 2021 | -45.4% | -25.2% | -22.9% |
| 2020 | +10.9% | -1.9% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Revels North Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Revels North Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Executive Compensation Analysis
Executive compensation cannot be specifically assessed from the provided 990-EZ data as it is not itemized; however, given the organization's size and revenue, it is likely to be modest.
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 Revels North Inc's IRS 990 filings:
- Revenue has significantly declined from $251,700 in 2020 to $114,419 in 2023, indicating a concerning downward trend.
- Assets have decreased from $94,607 in 2020 to $19,469 in 2023, representing a substantial erosion of financial reserves.
- The organization consistently reports 0% lobbying expenses, which may limit its advocacy potential if relevant to its mission.
Strengths
The following positive indicators were identified for Revels North Inc:
- Consistent filing of 990-EZ forms demonstrates a commitment to basic financial transparency.
- The organization has maintained operations despite significant financial fluctuations over several years.
Frequently Asked Questions about Revels North Inc
Is Revels North Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Revels North Inc (EIN: 222629433) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Revels North Inc spend its money?
Revels North Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Revels North Inc tax-deductible?
Revels North Inc is registered as a tax-exempt nonprofit (EIN: 222629433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Revels North Inc's spending goes to programs?
Revels North Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Revels North Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Revels North Inc is above average for NTEE category A600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Revels North Inc located?
Revels North Inc is headquartered in Lebanon, New Hampshire and files with the IRS under EIN 222629433. It is classified under NTEE code A600.
How many years of IRS 990 filings does Revels North Inc have?
Revels North Inc has 14 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 $114K in total revenue.
What does Revels North Inc do?
Revels North Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Lebanon, New Hampshire. It is classified under NTEE code A600.
How much revenue does Revels North Inc have?
Revels North Inc reported total revenue of $114,419. Based on 14 IRS 990 filings on record.
What are Revels North Inc's total assets?
Revels North Inc holds total assets of $19,469 as reported in IRS 990 filings.
Where is Revels North Inc located?
Revels North Inc is based in Lebanon, New Hampshire.
What is Revels North Inc's EIN?
Revels North Inc's Employer Identification Number (EIN) is 222629433. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Revels North Inc?
Revels North Inc is classified under NTEE code A600 (Arts, Culture & Humanities).
Is Revels North Inc a registered 501(c)(3)?
Yes, Revels North Inc is recognized as a tax-exempt organization by the IRS. EIN: 222629433.
Does Revels North Inc file IRS Form 990?
Yes, Revels North Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Revels North Inc's revenue in 2023?
In the 202312 filing period, Revels North Inc reported total revenue of $114,419, total expenses of $151,448, and net assets of $19,469.
Is Revels North Inc's revenue growing or declining?
Revels North Inc's revenue is growing. Revenue went from $69,595 (202212) to $114,419 (202312), a +64.4% change. Based on 14 filings on record.
What is Revels North Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Revels North Inc covers tax period 202312. It shows revenue of $114,419, expenses of $151,448, total assets of $19,469, and liabilities of $3,493.
How much does Revels North Inc spend on programs vs administration?
Based on IRS 990 analysis, Revels North Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Revels North Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Revels North Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Revels North Inc?
The following concerns were identified: Revenue has significantly declined from $251,700 in 2020 to $114,419 in 2023, indicating a concerning downward trend.. Assets have decreased from $94,607 in 2020 to $19,469 in 2023, representing a substantial erosion of financial reserves.. The organization consistently reports 0% lobbying expenses, which may limit its advocacy potential if relevant to its mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Revels North Inc's strengths?
Positive indicators for Revels North Inc include: Consistent filing of 990-EZ forms demonstrates a commitment to basic financial transparency.. The organization has maintained operations despite significant financial fluctuations over several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Revels North Inc compensate executives?
Executive compensation cannot be specifically assessed from the provided 990-EZ data as it is not itemized; however, given the organization's size and revenue, it is likely to be modest. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in revenue from $251,700 in 2020 to $114,419 in 2023, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the revenue decline, but potential factors could include reduced fundraising, decreased program participation, or external economic pressures. Without further information, specific strategies to reverse this trend are unknown.
Given the substantial decrease in assets from $94,607 in 2020 to $19,469 in 2023, what is the organization's current financial runway and long-term sustainability plan?
The significant asset reduction suggests a limited financial runway. The organization's ability to sustain operations long-term with such a low asset base is questionable without a clear plan for asset rebuilding and revenue growth, which is not detailed in the provided data.
Filing History
IRS 990 filing history for Revels North Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Revels North Inc's revenue has declined by 15.8%, moving from $136K to $114K. Total assets decreased by 65.7% over the same period, from $57K to $19K. Total functional expenses rose by 3.7%, from $146K to $151K. In its most recent filing year (2023), Revels North Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $3K in liabilities against $19K in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $151K | $19K | $3K | — | — |
| 2022 | $70K | $129K | $55K | $2K | — | View 990 |
| 2022 | $206K | $148K | $112K | $588 | — | View 990 |
| 2021 | $137K | $178K | $73K | $20K | — | View 990 |
| 2020 | $252K | $238K | $95K | $1K | — | View 990 |
| 2019 | $227K | $243K | $81K | $680 | — | View 990 |
| 2018 | $265K | $246K | $99K | $2K | — | View 990 |
| 2017 | $240K | $279K | $78K | $555 | — | View 990 |
| 2016 | $252K | $195K | $117K | $265 | — | View 990 |
| 2015 | $193K | $179K | $61K | $2K | — | View 990 |
| 2014 | $166K | $216K | $45K | $0 | — | View 990 |
| 2013 | $165K | $137K | $100K | $4K | — | View 990 |
| 2012 | $156K | $139K | $68K | $675 | — | View 990 |
| 2011 | $136K | $146K | $57K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114K, expenses of $151K, and assets of $19K (revenue +64.4% year-over-year).
- 2022: Revenue of $70K, expenses of $129K, and assets of $55K (revenue -66.2% year-over-year).
- 2022: Revenue of $206K, expenses of $148K, and assets of $112K (revenue +49.9% year-over-year).
- 2021: Revenue of $137K, expenses of $178K, and assets of $73K (revenue -45.4% year-over-year).
- 2020: Revenue of $252K, expenses of $238K, and assets of $95K (revenue +10.9% year-over-year).
- 2019: Revenue of $227K, expenses of $243K, and assets of $81K (revenue -14.4% year-over-year).
- 2018: Revenue of $265K, expenses of $246K, and assets of $99K (revenue +10.3% year-over-year).
- 2017: Revenue of $240K, expenses of $279K, and assets of $78K (revenue -4.8% year-over-year).
- 2016: Revenue of $252K, expenses of $195K, and assets of $117K (revenue +30.6% year-over-year).
- 2015: Revenue of $193K, expenses of $179K, and assets of $61K (revenue +16.2% year-over-year).
- 2014: Revenue of $166K, expenses of $216K, and assets of $45K (revenue +0.8% year-over-year).
- 2013: Revenue of $165K, expenses of $137K, and assets of $100K (revenue +6.0% year-over-year).
- 2012: Revenue of $156K, expenses of $139K, and assets of $68K (revenue +14.6% year-over-year).
- 2011: Revenue of $136K, expenses of $146K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Revels North Inc:
Data Sources and Methodology
This transparency report for Revels North 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.