Is Concerned Home Managers For The Elderly Inc Legit?
Quick charity verification for Concerned Home Managers For The Elderly Inc (EIN: 133275504)
Verdict: Concerned Home Managers For The Elderly Inc appears trustworthy
90/100Mission Score
$5.7MRevenue
$1.8MAssets
1Red Flags
4Strengths
Red Flags
Potential for miscategorization of executive compensation if officers are indeed compensated but not reported as such, though 0% is consistently reported.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to programs.
Steady growth in assets over the past decade, from $750,566 in 2014 to $1,803,138 in 2023.
Revenues generally exceed expenses, leading to a healthy financial surplus in most recent years (e.g., $4,987,365 revenue vs. $4,714,896 expenses in 2023).
Long filing history (14 filings) demonstrates consistent compliance and transparency.
Spending Breakdown
How Concerned Home Managers For The Elderly 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
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 Concerned Home Managers For The Elderly Inc
Is Concerned Home Managers For The Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concerned Home Managers For The Elderly Inc (EIN: 133275504) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Concerned Home Managers For The Elderly Inc a good charity to donate to?
Concerned Home Managers For The Elderly Inc has a Mission Score of 90/100. Revenue: $5.7M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Concerned Home Managers For The Elderly Inc?
The Employer Identification Number (EIN) for Concerned Home Managers For The Elderly Inc is 133275504. 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 Concerned Home Managers For The Elderly Inc spend its money?
Concerned Home Managers For The Elderly Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Concerned Home Managers For The Elderly Inc's tax-exempt status?
You can verify Concerned Home Managers For The Elderly Inc's tax-exempt status using EIN 133275504 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
Concerned Home Managers For The Elderly Inc demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest filing (202312), the organization reported revenues of $4,987,365 against expenses of $4,714,896, indicating a surplus for the period. Assets have shown steady growth, reaching $1,803,138 in 2023, up from $750,566 in 2014. The organization's liabilities have fluctuated but appear manageable relative to assets, with $832,141 in liabilities in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial health and transparency.