Is Asian Healthcare Foundation Ofmassachusetts Inc Legit?
Quick charity verification for Asian Healthcare Foundation Ofmassachusetts Inc (EIN: 205004218)
Verdict: Asian Healthcare Foundation Ofmassachusetts Inc appears trustworthy
88/100Mission Score
$4.6MRevenue
$24.0MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Significant liabilities in 2023 ($3,621) and 2022 ($502,990) compared to earlier periods, warranting further investigation
Strengths
Consistent financial surplus generation
Strong and growing asset base ($23,956,811 latest)
No reported officer compensation across all filings
Stable revenue streams over multiple years
Low liabilities in most periods, indicating good financial health
Spending Breakdown
How Asian Healthcare Foundation Ofmassachusetts 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 Asian Healthcare Foundation Ofmassachusetts Inc
Is Asian Healthcare Foundation Ofmassachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asian Healthcare Foundation Ofmassachusetts Inc (EIN: 205004218) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Asian Healthcare Foundation Ofmassachusetts Inc a good charity to donate to?
Asian Healthcare Foundation Ofmassachusetts Inc has a Mission Score of 88/100. Revenue: $4.6M. Assets: $24.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Asian Healthcare Foundation Ofmassachusetts Inc?
The Employer Identification Number (EIN) for Asian Healthcare Foundation Ofmassachusetts Inc is 205004218. 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 Asian Healthcare Foundation Ofmassachusetts Inc spend its money?
Asian Healthcare Foundation Ofmassachusetts Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Asian Healthcare Foundation Ofmassachusetts Inc's tax-exempt status?
You can verify Asian Healthcare Foundation Ofmassachusetts Inc's tax-exempt status using EIN 205004218 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 Asian Healthcare Foundation Ofmassachusetts Inc demonstrates consistent financial health with a strong and growing asset base, reaching $23,956,811 in its latest filing. The organization consistently operates with a significant surplus, as evidenced by revenues substantially exceeding expenses across all reported periods (e.g., $1,244,661 revenue vs. $595,041 expenses in 2023). This indicates sound financial management and the ability to build reserves. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence regarding executive pay. Further transparency on program activities and their direct costs would enhance the overall assessment.