Is Caring For The Homeless Of Peekskill Inc Legit?
Quick charity verification for Caring For The Homeless Of Peekskill Inc (EIN: 133437332)
Verdict: Caring For The Homeless Of Peekskill Inc appears trustworthy
92/100Mission Score
$3.4MRevenue
$1.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $1,019,811 in 2014 to $3,047,393 in 2023.
No reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Healthy asset growth, from $380,938 in 2014 to $996,351 in 2023.
Revenues generally exceed expenses, contributing to financial stability.
Low liabilities relative to assets, indicating strong financial health.
Spending Breakdown
How Caring For The Homeless Of Peekskill Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Caring For The Homeless Of Peekskill Inc
Is Caring For The Homeless Of Peekskill Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Caring For The Homeless Of Peekskill Inc (EIN: 133437332) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Caring For The Homeless Of Peekskill Inc a good charity to donate to?
Caring For The Homeless Of Peekskill Inc has a Mission Score of 92/100. Revenue: $3.4M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Caring For The Homeless Of Peekskill Inc?
The Employer Identification Number (EIN) for Caring For The Homeless Of Peekskill Inc is 133437332. 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 Caring For The Homeless Of Peekskill Inc spend its money?
Caring For The Homeless Of Peekskill Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Caring For The Homeless Of Peekskill Inc's tax-exempt status?
You can verify Caring For The Homeless Of Peekskill Inc's tax-exempt status using EIN 133437332 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
Caring For The Homeless Of Peekskill Inc demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, leading to a healthy asset base. For instance, in 2023, revenue was $3,047,393 against expenses of $2,893,298, contributing to assets of $996,351. The organization's assets have shown growth over the past decade, from $380,938 in 2014 to nearly $1 million in 2023, indicating sound financial management and accumulation of resources. Liabilities have remained relatively low compared to assets, suggesting a stable financial position.
The organization appears to be efficient in its operations, as evidenced by its consistent ability to manage expenses within its revenue streams. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven leadership model.
While specific program spending ratios are not provided in the raw data, the overall financial health and the lack of executive compensation suggest a high degree of program focus. The consistent growth in revenue and assets over a decade, from approximately $1 million in revenue in 2014 to over $3 million in 2023, indicates a growing capacity to serve its mission. The organization's financial stability and lack of executive compensation contribute positively to its transparency and public accountability.