St Patrick Homes Inc

Is St Patrick Homes Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

St Patrick Homes Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About St Patrick Homes Inc

St Patrick Homes Inc (EIN: 201956764) is a nonprofit organization based in Arnold, MD, classified under NTEE code P73. The organization reported total revenue of $348K and total assets of $534K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Patrick Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Patrick Homes Inc with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, St Patrick Homes Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues typically ranging from $250,000 to $500,000.

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 St Patrick Homes Inc's IRS 990 filings:

• Latest fiscal period (202406) shows expenses ($416,989) exceeding revenue ($347,594), resulting in a deficit.

Strengths

The following positive indicators were identified for St Patrick Homes Inc:

• Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
• Strong asset growth over time, from $9,469 in 201606 to $534,262 in 202406.
• Healthy asset-to-liability ratio, with assets of $534,262 significantly exceeding liabilities of $140,467 in the latest period.
• Consistent revenue generation, typically ranging between $300,000 and $500,000 annually.

Frequently Asked Questions about St Patrick Homes Inc

Filing History

IRS 990 filing history for St Patrick Homes Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), St Patrick Homes Inc's revenue has grown by 59.4%, moving from $218K to $348K. Total assets increased by 386.2% over the same period, from $110K to $534K. Total functional expenses rose by 93.9%, from $215K to $417K. In its most recent filing year (2024), St Patrick Homes Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $140K in liabilities against $534K in assets (debt-to-asset ratio: 26.3%), resulting in net assets of $394K.

Year-by-Year Financial Summary

• 2024: Revenue of $348K, expenses of $417K, and assets of $534K (revenue -24.8% year-over-year).
• 2023: Revenue of $462K, expenses of $389K, and assets of $626K (revenue -6.1% year-over-year).
• 2022: Revenue of $492K, expenses of $357K, and assets of $462K (revenue +8.7% year-over-year).
• 2021: Revenue of $453K, expenses of $369K, and assets of $326K (revenue +16.2% year-over-year).
• 2020: Revenue of $389K, expenses of $331K, and assets of $234K (revenue -5.8% year-over-year).
• 2019: Revenue of $413K, expenses of $335K, and assets of $170K (revenue +9.9% year-over-year).
• 2018: Revenue of $376K, expenses of $315K, and assets of $104K (revenue +18.6% year-over-year).
• 2017: Revenue of $317K, expenses of $298K, and assets of $56K (revenue +15.4% year-over-year).
• 2016: Revenue of $275K, expenses of $257K, and assets of $9K (revenue +4.6% year-over-year).
• 2015: Revenue of $263K, expenses of $260K, and assets of $13K (revenue +2.9% year-over-year).
• 2014: Revenue of $255K, expenses of $254K, and assets of $14K (revenue +31.7% year-over-year).
• 2013: Revenue of $194K, expenses of $217K, and assets of $11K (revenue -9.8% year-over-year).
• 2012: Revenue of $215K, expenses of $245K, and assets of $16K (revenue -1.6% year-over-year).
• 2011: Revenue of $218K, expenses of $215K, and assets of $110K.

Data Sources and Methodology

This transparency report for St Patrick 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.