Quick charity verification for Black Diamond Hope House Inc (EIN: 113771298)
Verdict: Black Diamond Hope House Inc appears trustworthy
85/100Mission Score
$132KRevenue
$1.5MAssets
1Red Flags
4Strengths
Red Flags
Significant portion of assets offset by liabilities, requiring further investigation into their nature.
Strengths
Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
Stable revenue generation consistently covering annual expenses in most recent periods.
Maintains substantial assets ($1,488,598 in 2023) relative to its operating budget.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Spending Breakdown
How Black Diamond Hope House 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 Black Diamond Hope House Inc
Is Black Diamond Hope House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Black Diamond Hope House Inc (EIN: 113771298) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Black Diamond Hope House Inc a good charity to donate to?
Black Diamond Hope House Inc has a Mission Score of 85/100. Revenue: $132K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Black Diamond Hope House Inc?
The Employer Identification Number (EIN) for Black Diamond Hope House Inc is 113771298. 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 Black Diamond Hope House Inc spend its money?
Black Diamond Hope House Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Black Diamond Hope House Inc's tax-exempt status?
You can verify Black Diamond Hope House Inc's tax-exempt status using EIN 113771298 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
Black Diamond Hope House Inc. demonstrates consistent financial activity with annual revenues generally ranging between $128,000 and $143,000 in recent years. In 2023, the organization reported revenues of $132,486 against expenses of $115,629, indicating a surplus for the year. The organization maintains substantial assets, reported at $1,488,598 in 2023, which significantly exceed its annual operating budget. However, a large portion of these assets are offset by liabilities, which stood at $782,900 in 2023, suggesting a significant portion of their assets may be debt-financed or restricted.
The organization's spending efficiency appears to be reasonable, with expenses generally aligning with or slightly below revenues in most recent periods. A notable strength is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or very lean administrative structure at the executive level. This practice contributes positively to their financial health by minimizing overhead costs associated with top leadership.
Transparency is generally good, with 13 years of consistent IRS 990 filings available. The detailed breakdown of expenses would provide further insight into program versus administrative and fundraising costs, which is not explicitly provided in the summary data. However, the absence of officer compensation is a clear indicator of a commitment to directing resources towards the mission rather than executive salaries.