Quick charity verification for Center For Financial Health (EIN: 203360802)
Verdict: Center For Financial Health appears trustworthy
85/100Mission Score
$231KRevenue
$152KAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and may warrant further inquiry into compensation structures.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, limiting a precise assessment of spending efficiency.
Strengths
Consistent positive net assets, growing from $103,811 in 2016 to $151,921 in 2018, indicating financial stability.
Revenue exceeding expenses in the two most recent filings (2017 and 2018), demonstrating sound financial management.
Low liabilities relative to assets, suggesting a healthy balance sheet.
Eight years of consistent IRS 990 filings, indicating good transparency in reporting.
Spending Breakdown
How Center For Financial Health allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Center For Financial Health
Is Center For Financial Health a legitimate charity?
Based on AI analysis of IRS 990 filings, Center For Financial Health (EIN: 203360802) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Center For Financial Health a good charity to donate to?
Center For Financial Health has a Mission Score of 85/100. Revenue: $231K. Assets: $152K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Center For Financial Health?
The Employer Identification Number (EIN) for Center For Financial Health is 203360802. 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 Center For Financial Health spend its money?
Center For Financial Health allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Center For Financial Health's tax-exempt status?
You can verify Center For Financial Health's tax-exempt status using EIN 203360802 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 Center For Financial Health demonstrates a generally stable financial position, with its latest filing showing revenue of $231,089 exceeding expenses of $203,063, leading to a net positive operating margin. The organization has maintained positive net assets, growing from $103,811 in 2016 to $151,921 in 2018, indicating a healthy accumulation of resources. While the organization's revenue has fluctuated over the years, from a high of $319,904 in 2015 to a low of $208,778 in 2017, it has consistently managed its liabilities, which remain a small fraction of its assets. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission, or that executive roles are filled by volunteers or compensated through other means not reported as officer compensation on the 990, which would be a point for further inquiry to ensure full transparency.
Spending efficiency appears reasonable given the revenue and expense figures. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated. However, the consistent positive operating margins in recent years (2017 and 2018) suggest effective management of resources. The organization's assets have shown growth, providing a solid foundation for future operations. The absence of reported officer compensation is a significant positive indicator for donor confidence regarding executive pay.
Transparency is generally good, with eight years of consistent 990 filings available. The consistent reporting of 0% officer compensation is a notable aspect, indicating either volunteer leadership or compensation structures that do not fall under the typical 'officer compensation' category on the 990. To enhance transparency further, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for donors to fully understand how their contributions are utilized. The organization's NTEE code P51 (Financial Counseling) aligns well with its name, suggesting a clear mission focus.