Sixth Avenue Psychiatricrehabilitation Partners Inc
Sixth Avenue Psychiatricrehabilitation Partners Inc shows consistent revenue growth and no reported officer compensation.
EIN: 205599815 · Hendersonville, NC · NTEE: F32 · Updated: 2026-03-28
Is Sixth Avenue Psychiatricrehabilitation Partners Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sixth Avenue Psychiatricrehabilitation Partners Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sixth Avenue Psychiatricrehabilitation Partners Inc
Sixth Avenue Psychiatricrehabilitation Partners Inc (EIN: 205599815) is a nonprofit organization based in Hendersonville, NC, classified under NTEE code F32. The organization reported total revenue of $1.9M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sixth Avenue Psychiatricrehabilitation Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sixth Avenue Psychiatricrehabilitation Partners Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$236K |
| Total Assets | $842K |
| Total Liabilities | $53K |
| Net Assets | $789K |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Sixth Avenue Psychiatricrehabilitation Partners Inc reported a surplus of $236K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sixth Avenue Psychiatricrehabilitation Partners Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.8% | +2.2% | +38.2% |
| 2022 | +34.5% | +41.6% | -11.7% |
| 2021 | +32.1% | +18.0% | -5.8% |
| 2020 | +3.8% | +7.5% | +2.1% |
| 2019 | +16.5% | +13.6% | -6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Sixth Avenue Psychiatricrehabilitation Partners 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, Sixth Avenue Psychiatricrehabilitation Partners 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $236K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size ($1.9M revenue) and suggests either a fully volunteer-led executive team or that compensation is categorized differently, potentially under general expenses, which would impact transparency.
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 Sixth Avenue Psychiatricrehabilitation Partners Inc's IRS 990 filings:
- No reported officer compensation, which could indicate a lack of transparency if compensation is simply reclassified or if the organization is entirely volunteer-run at the executive level without clear disclosure.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Sixth Avenue Psychiatricrehabilitation Partners Inc:
- Consistent revenue growth, increasing from $860,223 in 2019 to $1,917,018 in 2023.
- Positive net income in recent years (e.g., $1,917,018 revenue vs. $1,681,287 expenses in 2023).
- Low liabilities relative to assets, indicating financial stability.
- No reported officer compensation, suggesting resources are directed elsewhere, potentially to programs.
Frequently Asked Questions about Sixth Avenue Psychiatricrehabilitation Partners Inc
Is Sixth Avenue Psychiatricrehabilitation Partners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sixth Avenue Psychiatricrehabilitation Partners Inc (EIN: 205599815) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sixth Avenue Psychiatricrehabilitation Partners Inc spend its money?
Sixth Avenue Psychiatricrehabilitation Partners Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sixth Avenue Psychiatricrehabilitation Partners Inc tax-deductible?
Sixth Avenue Psychiatricrehabilitation Partners Inc is registered as a tax-exempt nonprofit (EIN: 205599815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sixth Avenue Psychiatricrehabilitation Partners Inc a good charity?
Based on the available data, the organization appears to be financially stable with consistent revenue growth and no reported officer compensation, which suggests a strong focus on its mission. However, a detailed breakdown of program vs. administrative expenses would provide a clearer picture of its spending efficiency.
How has the organization's revenue changed over time?
Sixth Avenue Psychiatricrehabilitation Partners Inc has shown significant revenue growth in recent years, increasing from $860,223 in 2019 to $1,917,018 in 2023, indicating expanding operations or increased funding.
What is the organization's asset and liability situation?
The organization's assets have fluctuated but show a recent increase to $841,914 in 2023, while liabilities remain low at $52,608 in the same period, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Sixth Avenue Psychiatricrehabilitation Partners Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sixth Avenue Psychiatricrehabilitation Partners Inc's revenue has grown by 47.6%, moving from $1.3M to $1.9M. Total assets increased by 121% over the same period, from $381K to $842K. Total functional expenses rose by 62.7%, from $1.0M to $1.7M. In its most recent filing year (2023), Sixth Avenue Psychiatricrehabilitation Partners Inc reported a surplus of $236K, with revenue exceeding expenses. The organization holds $53K in liabilities against $842K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $789K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $842K | $53K | — | — |
| 2022 | $1.6M | $1.6M | $609K | $44K | — | View 990 |
| 2021 | $1.2M | $1.2M | $690K | $37K | — | View 990 |
| 2020 | $893K | $985K | $732K | $133K | — | View 990 |
| 2019 | $860K | $916K | $717K | $28K | — | View 990 |
| 2018 | $739K | $806K | $768K | $26K | — | View 990 |
| 2017 | $450K | $551K | $836K | $25K | — | View 990 |
| 2016 | $518K | $618K | $939K | $28K | — | View 990 |
| 2015 | $1.0M | $1.0M | $1.1M | $57K | — | View 990 |
| 2014 | $1.1M | $917K | $1.1M | $86K | — | View 990 |
| 2013 | $1.3M | $970K | $929K | $87K | — | View 990 |
| 2012 | $1.2M | $993K | $538K | $63K | — | View 990 |
| 2011 | $1.3M | $1.0M | $381K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $842K (revenue +20.8% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $609K (revenue +34.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $690K (revenue +32.1% year-over-year).
- 2020: Revenue of $893K, expenses of $985K, and assets of $732K (revenue +3.8% year-over-year).
- 2019: Revenue of $860K, expenses of $916K, and assets of $717K (revenue +16.5% year-over-year).
- 2018: Revenue of $739K, expenses of $806K, and assets of $768K (revenue +64.1% year-over-year).
- 2017: Revenue of $450K, expenses of $551K, and assets of $836K (revenue -13.2% year-over-year).
- 2016: Revenue of $518K, expenses of $618K, and assets of $939K (revenue -48.9% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $1.1M (revenue -6.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $917K, and assets of $1.1M (revenue -18.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $970K, and assets of $929K (revenue +14.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $993K, and assets of $538K (revenue -10.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.0M, and assets of $381K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sixth Avenue Psychiatricrehabilitation Partners Inc:
Data Sources and Methodology
This transparency report for Sixth Avenue Psychiatricrehabilitation Partners 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.