Theres No Place Like Home Inc
Theres No Place Like Home Inc: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 222898845 · New Haven, CT · NTEE: P34Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $92K |
| Total Expenses | $56K |
| Program Spending | 50% |
| Net Assets | $328K |
| Transparency Score | 65/100 |
Is Theres No Place Like Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theres No Place Like Home Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Theres No Place Like Home Inc
Theres No Place Like Home Inc (EIN: 222898845) is a nonprofit organization based in New Haven, CT, classified under NTEE code P34Z. The organization reported total revenue of $92K and total assets of $357K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theres No Place Like Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theres No Place Like Home Inc is a micro nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $56K |
| Surplus / Deficit | $-17,397 |
| Total Assets | $328K |
| Net Assets | $328K |
| Operating Margin | -44.6% |
| Months of Reserves | 69.7 months |
Financial Health Grade: B
In 2023, Theres No Place Like Home Inc reported a deficit of $17K with expenses exceeding revenue, holds 69.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Theres No Place Like Home Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | +49.0% | -5.0% |
| 2022 | -18.5% | -21.6% | +0.8% |
| 2021 | -1.3% | +13.8% | +0.5% |
| 2020 | -32.7% | -44.2% | +2.5% |
| 2019 | +15.5% | +30.3% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Theres No Place Like Home Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Theres No Place Like Home Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data.
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 Theres No Place Like Home Inc's IRS 990 filings:
- Consistent decline in revenue over the past several years, from $101,572 in 2016 to $39,011 in 2023.
- Expenses frequently exceed revenue, indicating potential financial instability (e.g., $56,408 expenses vs. $39,011 revenue in 2023).
- Lack of detailed breakdown for expenses beyond total 'x' makes it difficult to ascertain program vs. administrative spending without further information.
Strengths
The following positive indicators were identified for Theres No Place Like Home Inc:
- Maintains a positive asset balance, with $327,666 in assets as of 2023.
- No reported liabilities ('l0') or compensation ('c0%') in the provided data, suggesting a debt-free status and potentially volunteer-led operations.
Frequently Asked Questions about Theres No Place Like Home Inc
Is Theres No Place Like Home Inc a legitimate charity?
Theres No Place Like Home Inc (EIN: 222898845) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $92K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Theres No Place Like Home Inc spend its money?
Theres No Place Like Home Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Theres No Place Like Home Inc tax-deductible?
Theres No Place Like Home Inc is registered as a tax-exempt nonprofit (EIN: 222898845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Theres No Place Like Home Inc's spending goes to programs?
Theres No Place Like Home Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Theres No Place Like Home Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Theres No Place Like Home Inc is above average for NTEE category P34Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Theres No Place Like Home Inc located?
Theres No Place Like Home Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 222898845. It is classified under NTEE code P34Z.
How many years of IRS 990 filings does Theres No Place Like Home Inc have?
Theres No Place Like Home Inc has 13 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 $92K in total revenue.
What does Theres No Place Like Home Inc do?
Theres No Place Like Home Inc is a nonprofit organization in the Human Services sector, located in New Haven, Connecticut. It is classified under NTEE code P34Z.
How much revenue does Theres No Place Like Home Inc have?
Theres No Place Like Home Inc reported total revenue of $91,814. Based on 13 IRS 990 filings on record.
What are Theres No Place Like Home Inc's total assets?
Theres No Place Like Home Inc holds total assets of $356,534 as reported in IRS 990 filings.
Where is Theres No Place Like Home Inc located?
Theres No Place Like Home Inc is based in New Haven, Connecticut.
What is Theres No Place Like Home Inc's EIN?
Theres No Place Like Home Inc's Employer Identification Number (EIN) is 222898845. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Theres No Place Like Home Inc?
Theres No Place Like Home Inc is classified under NTEE code P34Z (Human Services).
Is Theres No Place Like Home Inc a registered 501(c)(3)?
Yes, Theres No Place Like Home Inc is recognized as a tax-exempt organization by the IRS. EIN: 222898845.
Does Theres No Place Like Home Inc file IRS Form 990?
Yes, Theres No Place Like Home Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Theres No Place Like Home Inc's revenue in 2023?
In the 202312 filing period, Theres No Place Like Home Inc reported total revenue of $39,011, total expenses of $56,408, and net assets of $327,666.
Is Theres No Place Like Home Inc's revenue growing or declining?
Theres No Place Like Home Inc's revenue is relatively stable. Revenue went from $40,752 (202212) to $39,011 (202312), a -4.3% change. Based on 13 filings on record.
What is Theres No Place Like Home Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Theres No Place Like Home Inc covers tax period 202312. It shows revenue of $39,011, expenses of $56,408, total assets of $327,666, and liabilities of N/A.
How much does Theres No Place Like Home Inc spend on programs vs administration?
Based on IRS 990 analysis, Theres No Place Like Home Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Theres No Place Like Home Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Theres No Place Like Home Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Theres No Place Like Home Inc?
The following concerns were identified: Consistent decline in revenue over the past several years, from $101,572 in 2016 to $39,011 in 2023.. Expenses frequently exceed revenue, indicating potential financial instability (e.g., $56,408 expenses vs. $39,011 revenue in 2023).. Lack of detailed breakdown for expenses beyond total 'x' makes it difficult to ascertain program vs. administrative spending without further information.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Theres No Place Like Home Inc's strengths?
Positive indicators for Theres No Place Like Home Inc include: Maintains a positive asset balance, with $327,666 in assets as of 2023.. No reported liabilities ('l0') or compensation ('c0%') in the provided data, suggesting a debt-free status and potentially volunteer-led operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Theres No Place Like Home Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and the fact that expenses often exceed revenue, what is the long-term sustainability plan for Theres No Place Like Home Inc?
The provided data indicates a concerning trend where revenue has steadily decreased while expenses have often surpassed income. For example, in 2023, revenue was $39,011, but expenses were $56,408. This suggests a need for a clear strategy to either increase funding or reduce operational costs to ensure the organization's continued viability.
Filing History
IRS 990 filing history for Theres No Place Like Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Theres No Place Like Home Inc's revenue has declined by 72.4%, moving from $141K to $39K. Total assets increased by 23.9% over the same period, from $264K to $328K. Total functional expenses fell by 60.1%, from $141K to $56K. In its most recent filing year (2023), Theres No Place Like Home Inc reported a deficit of $17K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $56K | $328K | $0 | — | — |
| 2022 | $41K | $38K | $345K | $0 | — | View 990 |
| 2021 | $50K | $48K | $342K | $0 | — | View 990 |
| 2020 | $51K | $42K | $340K | $0 | — | — |
| 2019 | $75K | $76K | $332K | $0 | — | View 990 |
| 2018 | $65K | $58K | $333K | $0 | — | View 990 |
| 2017 | $85K | $0 | $364K | $0 | — | View 990 |
| 2016 | $102K | $100K | $279K | $0 | — | View 990 |
| 2015 | $110K | $111K | $278K | $0 | — | View 990 |
| 2014 | $112K | $112K | $279K | $0 | — | View 990 |
| 2013 | $91K | $90K | $279K | $0 | — | View 990 |
| 2012 | $130K | $117K | $277K | $0 | — | View 990 |
| 2011 | $141K | $141K | $264K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $56K, and assets of $328K (revenue -4.3% year-over-year).
- 2022: Revenue of $41K, expenses of $38K, and assets of $345K (revenue -18.5% year-over-year).
- 2021: Revenue of $50K, expenses of $48K, and assets of $342K (revenue -1.3% year-over-year).
- 2020: Revenue of $51K, expenses of $42K, and assets of $340K (revenue -32.7% year-over-year).
- 2019: Revenue of $75K, expenses of $76K, and assets of $332K (revenue +15.5% year-over-year).
- 2018: Revenue of $65K, expenses of $58K, and assets of $333K (revenue -23.2% year-over-year).
- 2017: Revenue of $85K, expenses of $0, and assets of $364K (revenue -16.6% year-over-year).
- 2016: Revenue of $102K, expenses of $100K, and assets of $279K (revenue -7.5% year-over-year).
- 2015: Revenue of $110K, expenses of $111K, and assets of $278K (revenue -1.9% year-over-year).
- 2014: Revenue of $112K, expenses of $112K, and assets of $279K (revenue +22.9% year-over-year).
- 2013: Revenue of $91K, expenses of $90K, and assets of $279K (revenue -30.2% year-over-year).
- 2012: Revenue of $130K, expenses of $117K, and assets of $277K (revenue -7.7% year-over-year).
- 2011: Revenue of $141K, expenses of $141K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theres No Place Like Home Inc:
Data Sources and Methodology
This transparency report for Theres No Place Like Home 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.