Is American Covenant Senior Housing Foundation Inc Legit?
Quick charity verification for American Covenant Senior Housing Foundation Inc (EIN: 10788133)
Verdict: American Covenant Senior Housing Foundation Inc shows mixed signals
45/100Mission Score
$2.2MRevenue
$3.0MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits (e.g., $98,902 revenue vs. $406,985 expenses in 2023).
Rapid increase in liabilities from $639,659 in 2020 to $1,378,497 in 2023, potentially indicating debt-financed asset growth.
Lack of detailed expense breakdown to assess program efficiency.
Strengths
0% officer compensation reported across all filings, indicating no executive salaries.
Growth in total assets from $1,267,863 in 2020 to $1,837,276 in 2023.
Spending Breakdown
How American Covenant Senior Housing Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 American Covenant Senior Housing Foundation Inc
Is American Covenant Senior Housing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, American Covenant Senior Housing Foundation Inc (EIN: 10788133) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is American Covenant Senior Housing Foundation Inc a good charity to donate to?
American Covenant Senior Housing Foundation Inc has a Mission Score of 45/100. Revenue: $2.2M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Covenant Senior Housing Foundation Inc?
The Employer Identification Number (EIN) for American Covenant Senior Housing Foundation Inc is 10788133. 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 American Covenant Senior Housing Foundation Inc spend its money?
American Covenant Senior Housing Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Covenant Senior Housing Foundation Inc's tax-exempt status?
You can verify American Covenant Senior Housing Foundation Inc's tax-exempt status using EIN 10788133 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
The American Covenant Senior Housing Foundation Inc. exhibits a concerning financial trend, with expenses consistently outpacing revenue in recent years. For instance, in 2023, the organization reported revenues of $98,902 against expenses of $406,985, indicating a significant operating deficit. This pattern of spending more than it earns raises questions about long-term sustainability and reliance on asset depletion or external funding. While the organization's assets have grown from $1,267,863 in 2020 to $1,837,276 in 2023, the increasing liabilities, reaching $1,378,497 in 2023, suggest that this asset growth may be debt-financed rather than organically generated through operations or donations.
The organization's 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 substantial operating deficits imply that a significant portion of its financial resources is being used to cover operational costs that exceed incoming revenue. The consistent reporting of 0% officer compensation across all filings is a positive indicator of fiscal responsibility at the executive level, suggesting that leadership is not drawing salaries from the organization. Transparency regarding the allocation of expenses would greatly enhance the ability to evaluate its efficiency and program focus.