Long history of IRS 990 filings, indicating transparency and compliance.
Spending Breakdown
How Charleston Seniors Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Charleston Seniors Housing Corporation
Is Charleston Seniors Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charleston Seniors Housing Corporation (EIN: 10382889) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Charleston Seniors Housing Corporation a good charity to donate to?
Charleston Seniors Housing Corporation has a Mission Score of 92/100. Revenue: $225K. Assets: $325K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Charleston Seniors Housing Corporation?
The Employer Identification Number (EIN) for Charleston Seniors Housing Corporation is 10382889. 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 Charleston Seniors Housing Corporation spend its money?
Charleston Seniors Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Charleston Seniors Housing Corporation's tax-exempt status?
You can verify Charleston Seniors Housing Corporation's tax-exempt status using EIN 10382889 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
Charleston Seniors Housing Corporation demonstrates consistent financial stability, operating with revenues closely matching or slightly exceeding expenses over the past decade. For instance, in 2023, revenue was $200,212 against expenses of $199,542, indicating a balanced operational approach. The organization's assets have shown a gradual decline from $407,962 in 2014 to $342,633 in 2023, while liabilities have also significantly decreased from $376,274 to $104,381 over the same period. This reduction in liabilities is a positive indicator of improved financial health and reduced debt burden.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the tight margin between revenue and expenses implies efficient use of funds. The consistent filing of IRS 990s over 14 periods reflects a commitment to transparency.
Overall, Charleston Seniors Housing Corporation appears to be a well-managed and financially prudent organization. Its ability to reduce liabilities significantly while maintaining stable operations and zero executive compensation points to a strong focus on its mission and responsible stewardship of resources. The slight decrease in assets should be viewed in conjunction with the substantial reduction in liabilities, which ultimately strengthens its net asset position.