Is Charles B Wang Community Health Center Inc Legit?

Quick charity verification for Charles B Wang Community Health Center Inc (EIN: 132739694)

Verdict: Charles B Wang Community Health Center Inc appears trustworthy

85/100Mission Score

$101.1MRevenue

$217.2MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further scrutiny.
Significant increase in liabilities from $15.7M in 2020 to $108M in 2023, requiring clarification on its nature and sustainability.

Strengths

Substantial asset growth from $53.1M in 2020 to $206M in 2023, indicating strong financial health and capacity.
Consistent high revenue generation, exceeding $100M in 2021 and maintaining strong levels in subsequent years.
Positive net assets (Assets minus Liabilities) of $97,965,977 in 2023 ($206,033,336 - $108,067,359), demonstrating financial stability.
History of generally strong financial performance with revenues often exceeding expenses.

Spending Breakdown

How Charles B Wang Community Health Center 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

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 Charles B Wang Community Health Center Inc

Is Charles B Wang Community Health Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Charles B Wang Community Health Center Inc (EIN: 132739694) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Charles B Wang Community Health Center Inc a good charity to donate to?

Charles B Wang Community Health Center Inc has a Mission Score of 85/100. Revenue: $101.1M. Assets: $217.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Charles B Wang Community Health Center Inc?

The Employer Identification Number (EIN) for Charles B Wang Community Health Center Inc is 132739694. 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 Charles B Wang Community Health Center Inc spend its money?

Charles B Wang Community Health Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Charles B Wang Community Health Center Inc's tax-exempt status?

You can verify Charles B Wang Community Health Center Inc's tax-exempt status using EIN 132739694 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 Charles B Wang Community Health Center Inc demonstrates a generally stable financial position, with recent revenues exceeding expenses in several periods, such as $80,303,676 revenue against $75,118,255 expenses in 2022. However, the organization experienced a deficit in 2023, with expenses of $86,810,288 slightly surpassing revenue of $86,472,349. The organization's assets have shown significant growth, more than doubling from $53,115,826 in 2020 to $206,033,336 in 2023, indicating substantial expansion or investment. Liabilities have also increased considerably, from $15,717,126 in 2020 to $108,067,359 in 2023, which warrants closer examination to understand the nature of these obligations relative to asset growth.

Spending efficiency appears to be strong, as indicated by the consistent program focus typical of community health centers. While specific breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the nature of a community health center suggests a high proportion of spending directly on services. The consistent reporting of 0% for officer compensation across all available filings is a notable aspect of its transparency, suggesting that executive compensation is either not reported in this field or is handled differently, which could be a positive indicator of resource allocation directly to mission-related activities or an area for further inquiry regarding full compensation disclosure.

Overall, the organization appears to be financially robust with substantial assets and a history of significant revenue generation. The increase in liabilities alongside asset growth suggests strategic investments or expansion. The lack of reported officer compensation in the provided data is a key transparency point, potentially indicating strong resource allocation to programs, but also suggesting a need for deeper review of compensation practices if not fully captured in this metric.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.