Is Adopt A Hurricane Family Inc Legit?

Quick charity verification for Adopt A Hurricane Family Inc (EIN: 203494053)

Verdict: Adopt A Hurricane Family Inc has notable concerns

35/100Mission Score
$567KRevenue
$1KAssets
4Red Flags
1Strengths

Red Flags

Strengths

AI Transparency Report

Adopt A Hurricane Family Inc. exhibits significant financial instability and potential operational concerns. Over the past several years, the organization has consistently reported expenses exceeding revenue, leading to a substantial accumulation of liabilities. For instance, in fiscal year 2023, expenses were $443,565 against revenues of $172,131, resulting in a net deficit and an increase in liabilities to $1,268,619, far outweighing its reported assets of $110,967. This trend of operating at a deficit is consistent across multiple years, indicating a reliance on debt or other non-revenue funding sources to cover operational costs. The organization's asset base has also shown considerable fluctuation and, in recent years, has been dwarfed by its liabilities, suggesting a precarious financial position. While the NTEE code P60 (Disaster Preparedness & Relief Services) implies a critical mission, the financial data raises questions about the sustainability and efficiency of its operations. The lack of reported officer compensation across all filings suggests either a fully volunteer-run executive team or that compensation is structured in a way not captured under this specific reporting line, which could be a point of further inquiry for transparency.

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Disclaimer

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

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