Sacred Beginnings Transitional Homes Inc
EIN: 260278846 · Grand Rapids, MI · NTEE: P720
| Metric | Value |
|---|---|
| Total Revenue | $465K |
| Total Expenses | $342K |
| Net Assets | $82K |
Is Sacred Beginnings Transitional Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sacred Beginnings Transitional Homes Inc
Sacred Beginnings Transitional Homes Inc (EIN: 260278846) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code P720. The organization reported total revenue of $465K and total assets of $249K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sacred Beginnings Transitional Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sacred Beginnings Transitional Homes Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $342K |
| Surplus / Deficit | +$6K |
| Total Assets | $89K |
| Total Liabilities | $6K |
| Net Assets | $82K |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, Sacred Beginnings Transitional Homes Inc reported a surplus of $6K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 10 years of filings (2009–2023), Sacred Beginnings Transitional Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.3% | +13.7% | +10.7% |
| 2022 | -3.6% | +34.5% | -45.0% |
| 2021 | +14.5% | +40.6% | +32.1% |
| 2020 | +89.0% | +25.7% | +117.0% |
| 2019 | -3.4% | +92.5% | -16.9% |
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 Analysis Pending
AI enrichment for Sacred Beginnings Transitional Homes Inc 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 Sacred Beginnings Transitional Homes Inc 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Sacred Beginnings Transitional Homes Inc
Is Sacred Beginnings Transitional Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sacred Beginnings Transitional Homes Inc (EIN: 260278846) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sacred Beginnings Transitional Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Sacred Beginnings Transitional Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Sacred Beginnings Transitional Homes Inc tax-deductible?
Sacred Beginnings Transitional Homes Inc is registered as a tax-exempt nonprofit (EIN: 260278846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sacred Beginnings Transitional Homes Inc located?
Sacred Beginnings Transitional Homes Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 260278846. It is classified under NTEE code P720.
How many years of IRS 990 filings does Sacred Beginnings Transitional Homes Inc have?
Sacred Beginnings Transitional Homes Inc has 10 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 $465K in total revenue.
Filing History
IRS 990 filing history for Sacred Beginnings Transitional Homes Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2009–2023), Sacred Beginnings Transitional Homes Inc's revenue has grown by 781.5%, moving from $40K to $349K. Total assets increased by 18499.6% over the same period, from $477 to $89K. Total functional expenses rose by 808.4%, from $38K to $342K. In its most recent filing year (2023), Sacred Beginnings Transitional Homes Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $6K in liabilities against $89K in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $82K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $342K | $89K | $6K | — | — |
| 2022 | $242K | $301K | $80K | $4K | — | View 990 |
| 2021 | $251K | $224K | $146K | $10K | — | View 990 |
| 2020 | $219K | $159K | $110K | $2K | — | — |
| 2019 | $116K | $127K | $51K | $2K | — | — |
| 2018 | $120K | $66K | $61K | $1K | — | View 990 |
| 2017 | $78K | $74K | $6K | $0 | — | — |
| 2011 | $20K | $19K | $91 | $889 | — | View 990 |
| 2010 | $36K | $38K | $1 | $2K | — | View 990 |
| 2009 | $40K | $38K | $477 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $342K, and assets of $89K (revenue +44.3% year-over-year).
- 2022: Revenue of $242K, expenses of $301K, and assets of $80K (revenue -3.6% year-over-year).
- 2021: Revenue of $251K, expenses of $224K, and assets of $146K (revenue +14.5% year-over-year).
- 2020: Revenue of $219K, expenses of $159K, and assets of $110K (revenue +89.0% year-over-year).
- 2019: Revenue of $116K, expenses of $127K, and assets of $51K (revenue -3.4% year-over-year).
- 2018: Revenue of $120K, expenses of $66K, and assets of $61K (revenue +53.3% year-over-year).
- 2017: Revenue of $78K, expenses of $74K, and assets of $6K (revenue +288.4% year-over-year).
- 2011: Revenue of $20K, expenses of $19K, and assets of $91 (revenue -44.2% year-over-year).
- 2010: Revenue of $36K, expenses of $38K, and assets of $1 (revenue -8.7% year-over-year).
- 2009: Revenue of $40K, expenses of $38K, and assets of $477.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sacred Beginnings Transitional Homes Inc:
Data Sources and Methodology
This transparency report for Sacred Beginnings Transitional Homes 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.