Rune Hill Inc
Rune Hill Inc: Declining Revenue and Assets Raise Concerns
EIN: 222860163 · Nelson, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $2K |
| Program Spending | 70% |
| Net Assets | $-97,243 |
| Transparency Score | 45/100 |
Is Rune Hill Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rune Hill Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rune Hill Inc
Rune Hill Inc (EIN: 222860163) is a nonprofit organization based in Nelson, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rune Hill Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rune Hill Inc is a micro nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -81.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,699 |
| Total Assets | $1 |
| Total Liabilities | $97K |
| Net Assets | $-97,243 |
| Operating Margin | -169900.0% |
| Debt-to-Asset Ratio | 9724400.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2015, Rune Hill Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 9724400.0% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Rune Hill Inc's revenue has declined at a compound annual growth rate (CAGR) of -81.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -96.2% | +1900.0% | -100.0% |
| 2014 | -91.2% | -91.7% | -75.4% |
| 2013 | -51.5% | +2541.0% | -37.0% |
| 2012 | -33.4% | -92.8% | -24.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rune Hill Inc with a Mission Score of 45 out of 100 (Fair). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Rune Hill Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9724400.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are available in the provided data.
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 Rune Hill Inc's IRS 990 filings:
- No recent financial filings available beyond 2015, indicating a lack of current transparency.
- Dramatic and consistent decline in reported revenue from $920 (2011) to $1 (2015).
- Significant drop in reported assets from $27,171 (2011) to $1 (2015).
- Zero reported contributions ('c0%') across all available years suggests no public fundraising or donor support.
- The organization's status ('nt') is unknown, raising questions about its current operational state.
Strengths
The following positive indicators were identified for Rune Hill Inc:
- Historically, the organization maintained some level of assets, peaking at $27,171 in 2011.
Frequently Asked Questions about Rune Hill Inc
Is Rune Hill Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rune Hill Inc (EIN: 222860163) significant concerns. Mission Score: 45/100. 5 red flags identified, 1 strength noted.
How does Rune Hill Inc spend its money?
Rune Hill Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rune Hill Inc tax-deductible?
Rune Hill Inc is registered as a tax-exempt nonprofit (EIN: 222860163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rune Hill Inc's spending goes to programs?
Rune Hill Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Rune Hill Inc located?
Rune Hill Inc is headquartered in Nelson, New Hampshire and files with the IRS under EIN 222860163.
How many years of IRS 990 filings does Rune Hill Inc have?
Rune Hill Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does Rune Hill Inc do?
Rune Hill Inc is a nonprofit organization in the Unknown sector, located in Nelson, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Rune Hill Inc have?
Rune Hill Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Rune Hill Inc's total assets?
Rune Hill Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Rune Hill Inc located?
Rune Hill Inc is based in Nelson, New Hampshire.
What is Rune Hill Inc's EIN?
Rune Hill Inc's Employer Identification Number (EIN) is 222860163. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Rune Hill Inc?
Rune Hill Inc is classified under NTEE code Unknown (Unknown).
Is Rune Hill Inc a registered 501(c)(3)?
Rune Hill Inc appears in IRS records (EIN: 222860163). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Rune Hill Inc file IRS Form 990?
Yes, Rune Hill Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was Rune Hill Inc's revenue in 2015?
In the 201512 filing period, Rune Hill Inc reported total revenue of $1, total expenses of $1,700, and net assets of $1.
Is Rune Hill Inc's revenue growing or declining?
Rune Hill Inc's revenue is declining. Revenue went from $26 (201412) to $1 (201512), a -96.2% change. Based on 5 filings on record.
What is Rune Hill Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Rune Hill Inc covers tax period 201512. It shows revenue of $1, expenses of $1,700, total assets of $1, and liabilities of $97,244.
How much does Rune Hill Inc spend on programs vs administration?
Based on IRS 990 analysis, Rune Hill Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Rune Hill Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Rune Hill Inc shows mixed signals. Mission Score: 45/100 (Fair). 5 red flags identified. 1 strength noted.
What are the red flags for Rune Hill Inc?
The following concerns were identified: No recent financial filings available beyond 2015, indicating a lack of current transparency.. Dramatic and consistent decline in reported revenue from $920 (2011) to $1 (2015).. Significant drop in reported assets from $27,171 (2011) to $1 (2015).. Zero reported contributions ('c0%') across all available years suggests no public fundraising or donor support.. The organization's status ('nt') is unknown, raising questions about its current operational state.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Rune Hill Inc's strengths?
Positive indicators for Rune Hill Inc include: Historically, the organization maintained some level of assets, peaking at $27,171 in 2011.. These findings are derived from AI analysis of the organization's financial filings.
How does Rune Hill Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are available in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline to near-zero revenue and assets by 2015, is Rune Hill Inc still an active and viable organization?
The provided data strongly suggests that Rune Hill Inc may no longer be operational or has ceased significant activities by 2015, given the drastic reduction in all financial metrics to $1 for both revenue and assets in that year.
What is the nature of the 'x' value in the financial data, and how does it relate to the organization's activities?
Without further context, the 'x' value (e.g., $1700 in 2015, $85 in 2014) is unclear. It could represent expenses, program costs, or another financial metric, but its specific meaning and impact on the organization's mission cannot be determined from the given data.
Filing History
IRS 990 filing history for Rune Hill Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Rune Hill Inc's revenue has declined by 99.9%, moving from $920 to $1. Total assets decreased by 100% over the same period, from $27K to $1. Total functional expenses rose by 211.9%, from $545 to $2K. In its most recent filing year (2015), Rune Hill Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $97K in liabilities against $1 in assets (debt-to-asset ratio: 9724400.0%), resulting in net assets of $-97,243.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1 | $2K | $1 | $97K | — | View 990 |
| 2014 | $26 | $85 | $3K | $99K | — | View 990 |
| 2013 | $297 | $1K | $13K | $108K | — | View 990 |
| 2012 | $613 | $39 | $21K | $115K | — | View 990 |
| 2011 | $920 | $545 | $27K | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1, expenses of $2K, and assets of $1 (revenue -96.2% year-over-year).
- 2014: Revenue of $26, expenses of $85, and assets of $3K (revenue -91.2% year-over-year).
- 2013: Revenue of $297, expenses of $1K, and assets of $13K (revenue -51.5% year-over-year).
- 2012: Revenue of $613, expenses of $39, and assets of $21K (revenue -33.4% year-over-year).
- 2011: Revenue of $920, expenses of $545, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rune Hill Inc:
Data Sources and Methodology
This transparency report for Rune Hill 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.