Steady growth in assets over the past decade, from $42.1 million in 2014 to $53.6 million in 2023.
No reported officer compensation across all filings, potentially indicating high resource allocation to programs.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Revenue growth from $40.9 million in 2014 to $52.7 million in 2023, showing organizational expansion.
Spending Breakdown
How Carmel Richmond Nursing Home Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Carmel Richmond Nursing Home Inc
Is Carmel Richmond Nursing Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carmel Richmond Nursing Home Inc (EIN: 132720248) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Carmel Richmond Nursing Home Inc a good charity to donate to?
Carmel Richmond Nursing Home Inc has a Mission Score of 85/100. Revenue: $60.4M. Assets: $54.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carmel Richmond Nursing Home Inc?
The Employer Identification Number (EIN) for Carmel Richmond Nursing Home Inc is 132720248. 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 Carmel Richmond Nursing Home Inc spend its money?
Carmel Richmond Nursing Home Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carmel Richmond Nursing Home Inc's tax-exempt status?
You can verify Carmel Richmond Nursing Home Inc's tax-exempt status using EIN 132720248 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
Carmel Richmond Nursing Home Inc. demonstrates consistent financial stability and growth over the past decade, with total revenue increasing from $40.9 million in 2014 to $52.7 million in 2023. The organization consistently operates with a surplus, as evidenced by its 2023 revenue of $52,709,040 exceeding expenses of $50,674,124, indicating sound financial management. Its asset base has also grown steadily, reaching $53,633,342 in 2023, suggesting a healthy long-term financial position. The organization's NTEE code E910 (Nursing Homes) aligns with its mission, and the absence of reported officer compensation across all filings indicates a potential for high program spending efficiency, though further detail on functional expenses would be needed for a definitive assessment of spending efficiency. The consistent filing of IRS Form 990s over 13 periods reflects a commitment to regulatory compliance and transparency.