St Michaels Home Association
EIN: 41802040 · Lynn, MA
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $20K |
| Net Assets | $1.2M |
Is St Michaels Home Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About St Michaels Home Association
St Michaels Home Association (EIN: 41802040) is a nonprofit organization based in Lynn, MA. The organization reported total revenue of $1.3M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Michaels Home Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Michaels Home Association is a mid-size nonprofit that has been operating for 85 years, with 4 years of IRS 990 filings on record (2018–2021). Revenue has grown at a compound annual rate of 43.9%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $684K |
| Total Expenses | $20K |
| Surplus / Deficit | +$664K |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | 97.0% |
| Months of Reserves | 692.6 months |
Financial Health Grade: A
In 2021, St Michaels Home Association reported a surplus of $664K with revenue exceeding expenses, holds 692.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2018–2021), St Michaels Home Association's revenue has grown at a compound annual growth rate (CAGR) of 43.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +764.3% | -70.2% | +107.8% |
| 2020 | -67.3% | -71.7% | +0.8% |
| 2019 | +5.2% | +5.9% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for St Michaels Home Association 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 St Michaels Home Association 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $664K, with revenue exceeding expenses.
Frequently Asked Questions about St Michaels Home Association
Is St Michaels Home Association a legitimate charity?
St Michaels Home Association (EIN: 41802040) is a registered tax-exempt nonprofit based in Massachusetts. It has 4 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does St Michaels Home Association spend its money?
St Michaels Home Association reported $1.3M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to St Michaels Home Association tax-deductible?
St Michaels Home Association is registered as a tax-exempt nonprofit (EIN: 41802040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is St Michaels Home Association located?
St Michaels Home Association is headquartered in Lynn, Massachusetts and files with the IRS under EIN 41802040.
How many years of IRS 990 filings does St Michaels Home Association have?
St Michaels Home Association has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for St Michaels Home Association showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2021), St Michaels Home Association's revenue has grown by 197.7%, moving from $230K to $684K. Total assets increased by 108.8% over the same period, from $559K to $1.2M. Total functional expenses fell by 91.1%, from $226K to $20K. In its most recent filing year (2021), St Michaels Home Association reported a surplus of $664K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $684K | $20K | $1.2M | $0 | — | View 990 |
| 2020 | $79K | $68K | $562K | $58K | — | View 990 |
| 2019 | $242K | $240K | $557K | $65K | — | View 990 |
| 2018 | $230K | $226K | $559K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $684K, expenses of $20K, and assets of $1.2M (revenue +764.3% year-over-year).
- 2020: Revenue of $79K, expenses of $68K, and assets of $562K (revenue -67.3% year-over-year).
- 2019: Revenue of $242K, expenses of $240K, and assets of $557K (revenue +5.2% year-over-year).
- 2018: Revenue of $230K, expenses of $226K, and assets of $559K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Michaels Home Association:
Data Sources and Methodology
This transparency report for St Michaels Home Association 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.