Quick charity verification for 753 Classon Avenue Housing Company (EIN: 146002715)
Verdict: 753 Classon Avenue Housing Company appears trustworthy
75/100Mission Score
$1.9MRevenue
$6.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits where expenses exceed revenue (e.g., $2,196,893 expenses vs. $1,945,086 revenue in 202403).
Significant increase in liabilities in the latest period without clear explanation in the provided data.
Strengths
Consistent revenue stream over the past decade, indicating stable operations.
Zero reported officer compensation across all filings, suggesting efficient use of funds for mission.
Consistent IRS 990 filing history, demonstrating good transparency and compliance.
Substantial asset base ($6,397,193 in 202403), potentially indicating significant property holdings for its housing mission.
Spending Breakdown
How 753 Classon Avenue Housing Company allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 753 Classon Avenue Housing Company
Is 753 Classon Avenue Housing Company a legitimate charity?
Based on AI analysis of IRS 990 filings, 753 Classon Avenue Housing Company (EIN: 146002715) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is 753 Classon Avenue Housing Company a good charity to donate to?
753 Classon Avenue Housing Company has a Mission Score of 75/100. Revenue: $1.9M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 753 Classon Avenue Housing Company?
The Employer Identification Number (EIN) for 753 Classon Avenue Housing Company is 146002715. 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 753 Classon Avenue Housing Company spend its money?
753 Classon Avenue Housing Company allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 753 Classon Avenue Housing Company's tax-exempt status?
You can verify 753 Classon Avenue Housing Company's tax-exempt status using EIN 146002715 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
753 Classon Avenue Housing Company appears to be a housing development entity, as indicated by its name and consistent financial patterns. The organization demonstrates a stable revenue stream, consistently around $1.5 million to $1.9 million over the past decade. However, it has frequently operated with expenses exceeding revenue, notably in the latest period (202403) where expenses were $2,196,893 against revenues of $1,945,086, resulting in a deficit. This trend of expenses often outpacing revenue suggests a reliance on other funding sources or accumulated reserves to cover operational costs.
The organization's asset base has seen a significant increase in the latest period, jumping from $1,352,328 in 202303 to $6,397,193 in 202403, accompanied by a corresponding rise in liabilities from $2,333,633 to $7,630,305. This substantial increase in both assets and liabilities could indicate significant capital improvements, property acquisitions, or refinancing activities. The consistent reporting of 0% officer compensation across all available filings suggests that executive leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, which is a positive indicator for resource allocation directly to the mission. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency. The organization consistently files its IRS 990s, indicating good compliance and transparency in its reporting.