Quick charity verification for Agate Housing And Services Inc (EIN: 10639118)
Verdict: Agate Housing And Services Inc appears trustworthy
90/100Mission Score
$18.6MRevenue
$15.1MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent filing period (202306) where expenses exceeded revenue by $1.95 million.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive spending.
Significant asset growth from $3.7 million in 2014 to $17.6 million in 2023, demonstrating strong financial health.
Stable revenue generation over the past decade, consistently in the $12 million to $20 million range.
Strong program focus, as implied by the lack of executive compensation and the nature of the NTEE code (X112 - Housing/Shelter).
Spending Breakdown
How Agate Housing And Services Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Agate Housing And Services Inc
Is Agate Housing And Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Agate Housing And Services Inc (EIN: 10639118) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Agate Housing And Services Inc a good charity to donate to?
Agate Housing And Services Inc has a Mission Score of 90/100. Revenue: $18.6M. Assets: $15.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Agate Housing And Services Inc?
The Employer Identification Number (EIN) for Agate Housing And Services Inc is 10639118. 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 Agate Housing And Services Inc spend its money?
Agate Housing And Services Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Agate Housing And Services Inc's tax-exempt status?
You can verify Agate Housing And Services Inc's tax-exempt status using EIN 10639118 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
Agate Housing And Services Inc demonstrates a generally stable financial position, with revenues consistently in the range of $12 million to $20 million over the past decade. While the organization experienced a deficit in the most recent filing period (202306) with expenses exceeding revenue by approximately $1.95 million, this follows several years of strong revenue generation and asset growth. The organization's assets have grown significantly from $3.7 million in 2014 to over $17.6 million in 2023, indicating a healthy accumulation of resources. Liabilities have also increased but remain manageable relative to assets.
Spending efficiency appears to be a strong point, with a significant portion of expenses directed towards program services. The absence of reported officer compensation across all filings suggests a commitment to directing funds towards its mission rather than high executive salaries, which is a positive indicator for donors. The organization's consistent filing history and detailed financial data contribute to its transparency.
Overall, Agate Housing And Services Inc appears to be a financially sound organization with a strong focus on its mission, as evidenced by its program spending and lack of executive compensation. The recent deficit warrants monitoring but does not immediately suggest a systemic issue given the organization's overall financial trajectory and asset base.