The Homestead Community
EIN: 260680550 · Gig Harbor, WA · NTEE: P73
Is The Homestead Community Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Homestead Community
The Homestead Community (EIN: 260680550) is a nonprofit organization based in Gig Harbor, WA, classified under NTEE code P73. The organization reported total revenue of $292K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Homestead Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for The Homestead Community 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 The Homestead Community 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.
Frequently Asked Questions about The Homestead Community
Is The Homestead Community a legitimate charity?
Based on AI analysis of IRS 990 filings, The Homestead Community (EIN: 260680550) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Homestead Community spend its money?
Detailed spending breakdown data is not yet available for The Homestead Community. Check back for updated IRS 990 analysis.
Are donations to The Homestead Community tax-deductible?
The Homestead Community is registered as a tax-exempt nonprofit (EIN: 260680550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for The Homestead Community showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2010–2023), The Homestead Community's revenue has grown by 461.3%, moving from $95K to $535K. Total assets increased by 64287.2% over the same period, from $2K to $1.0M. Total functional expenses fell by 5%, from $82K to $78K. In its most recent filing year (2023), The Homestead Community reported a surplus of $457K, with revenue exceeding expenses. The organization holds $183K in liabilities against $1.0M in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $834K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $535K | $78K | $1.0M | $183K | — | — |
| 2022 | $126K | $41K | $565K | $187K | — | View 990 |
| 2021 | $120K | $65K | $484K | $192K | — | — |
| 2020 | $98K | $49K | $432K | $196K | — | View 990 |
| 2019 | $91K | $33K | $190K | $3K | — | — |
| 2018 | $67K | $42K | $139K | $10K | — | View 990 |
| 2012 | $25K | $2K | $9K | $59K | — | View 990 |
| 2011 | $124K | $61K | $5K | $79K | — | View 990 |
| 2010 | $95K | $82K | $2K | $139K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $535K, expenses of $78K, and assets of $1.0M (revenue +323.1% year-over-year).
- 2022: Revenue of $126K, expenses of $41K, and assets of $565K (revenue +4.9% year-over-year).
- 2021: Revenue of $120K, expenses of $65K, and assets of $484K (revenue +22.7% year-over-year).
- 2020: Revenue of $98K, expenses of $49K, and assets of $432K (revenue +8.0% year-over-year).
- 2019: Revenue of $91K, expenses of $33K, and assets of $190K (revenue +36.5% year-over-year).
- 2018: Revenue of $67K, expenses of $42K, and assets of $139K (revenue +164.9% year-over-year).
- 2012: Revenue of $25K, expenses of $2K, and assets of $9K (revenue -79.8% year-over-year).
- 2011: Revenue of $124K, expenses of $61K, and assets of $5K (revenue +30.4% year-over-year).
- 2010: Revenue of $95K, expenses of $82K, and assets of $2K.
Data Sources and Methodology
This transparency report for The Homestead Community 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.