Is Eastern Agency On Aging Legit?

Strengths

Strong program spending ratio, consistently directing a high percentage of expenses to direct services.
Consistent and significant revenue growth over the past five years, indicating expanding capacity.
Healthy financial position with assets consistently exceeding liabilities.
Regular and transparent IRS 990 filings, providing public accountability.
Efficient operations with low administrative and fundraising overhead, as implied by high program spending.

Spending Breakdown

How Eastern Agency On Aging 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 Eastern Agency On Aging

Is Eastern Agency On Aging a legitimate charity?

Based on AI analysis of IRS 990 filings, Eastern Agency On Aging (EIN: 10328376) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Eastern Agency On Aging a good charity to donate to?

Eastern Agency On Aging has a Mission Score of 90/100. Revenue: $5.4M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Eastern Agency On Aging?

The Employer Identification Number (EIN) for Eastern Agency On Aging is 10328376. 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 Eastern Agency On Aging spend its money?

Eastern Agency On Aging allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Eastern Agency On Aging's tax-exempt status?

You can verify Eastern Agency On Aging's tax-exempt status using EIN 10328376 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

Eastern Agency On Aging demonstrates consistent financial growth and strong program spending efficiency. Over the past five years, revenue has steadily increased from $2,991,467 in 2019 to $4,907,151 in 2023, indicating a growing capacity to serve its mission. The organization consistently spends a high percentage of its expenses on programs, with an average program spending ratio of approximately 85% based on available data, which is commendable for a nonprofit. For instance, in 2023, with total expenses of $4,779,380, a significant portion was directed towards its core services.

Financial health appears stable, with assets consistently exceeding liabilities. In 2023, assets were $4,677,815 against liabilities of $1,657,974, showing a healthy financial position. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, providing public access to its financial activities. The absence of reported officer compensation across all available filings suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which is a notable point for transparency and efficiency.

Overall, Eastern Agency On Aging appears to be a financially sound and efficient organization, effectively utilizing its resources to deliver on its mission. Its consistent growth, strong program spending, and clear financial reporting contribute to a positive assessment of its financial health and transparency.

Verdict: Eastern Agency On Aging appears trustworthy

Red Flags