Is 704 Fhc Llc Legit?

Quick charity verification for 704 Fhc Llc (EIN: 201272402)

Verdict: 704 Fhc Llc shows mixed signals

65/100Mission Score

$1.4MRevenue

$4.4MAssets

3Red Flags

3Strengths

Red Flags

Persistent negative net assets, with liabilities consistently exceeding assets (e.g., $5,256,693 liabilities vs. $4,392,123 assets in 2023).
Consistent operational deficits in multiple years (e.g., 2023, 2022, 2020, 2019, 2018, 2017, 2016, 2015, 2014), indicating spending slightly more than revenue.
Declining asset base over the past decade, from $5,816,242 in 2014 to $4,392,123 in 2023.

Strengths

Stable revenue generation, consistently exceeding $1 million in recent years (e.g., $1,275,853 in 2023).
Consistent filing history with the IRS, indicating compliance and transparency in reporting.
No reported officer compensation, which could imply a highly dedicated volunteer leadership or efficient use of funds if compensation is truly absent.

Spending Breakdown

How 704 Fhc Llc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about 704 Fhc Llc

Is 704 Fhc Llc a legitimate charity?

Based on AI analysis of IRS 990 filings, 704 Fhc Llc (EIN: 201272402) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is 704 Fhc Llc a good charity to donate to?

704 Fhc Llc has a Mission Score of 65/100. Revenue: $1.4M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for 704 Fhc Llc?

The Employer Identification Number (EIN) for 704 Fhc Llc is 201272402. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does 704 Fhc Llc spend its money?

704 Fhc Llc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify 704 Fhc Llc's tax-exempt status?

You can verify 704 Fhc Llc's tax-exempt status using EIN 201272402 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

704 Fhc Llc, operating as a healthcare organization (NTEE L21), demonstrates consistent financial activity with revenues generally keeping pace with expenses over the past decade. For instance, in 2023, revenue was $1,275,853 against expenses of $1,296,878, indicating a slight deficit. The organization's assets have shown a gradual decline from $5,816,242 in 2014 to $4,392,123 in 2023, while liabilities have remained significantly higher than assets, consistently exceeding $5 million. This persistent negative net asset position, with liabilities of $5,256,693 against assets of $4,392,123 in 2023, suggests a reliance on debt or other long-term obligations.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent operational deficits in several years (e.g., 2023, 2022, 2020, 2019, 2018, 2017, 2016, 2015, 2014) indicate that the organization is spending slightly more than it brings in, which could be a concern for long-term sustainability if not addressed. The lack of reported officer compensation across all filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency.

Overall, while the organization maintains a stable revenue stream, its financial health is challenged by a declining asset base and a significant, persistent negative net asset position. Transparency regarding the allocation of expenses (program vs. admin vs. fundraising) is limited by the provided data, making a comprehensive assessment of spending efficiency difficult. The consistent reporting of zero officer compensation is a notable aspect of its financial structure.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.