Is Elderly Home Inc Legit?

Spending Breakdown

How Elderly Home Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Elderly Home Inc

Is Elderly Home Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Elderly Home Inc (EIN: 16024156) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.

Is Elderly Home Inc a good charity to donate to?

Elderly Home Inc has a Mission Score of 60/100. Revenue: $321K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Elderly Home Inc?

The Employer Identification Number (EIN) for Elderly Home Inc is 16024156. 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 Elderly Home Inc spend its money?

Elderly Home Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Elderly Home Inc's tax-exempt status?

You can verify Elderly Home Inc's tax-exempt status using EIN 16024156 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

Elderly Home Inc. demonstrates a concerning trend of operating deficits, with expenses consistently exceeding revenue in recent years. For example, in 2022, expenses were $471,124 against revenues of $321,047, resulting in a significant deficit. This pattern suggests potential long-term financial instability if not addressed. While the organization has substantial assets of $1,476,563, a large portion is offset by liabilities, which stood at $1,265,043 in 2022, indicating a relatively low net asset position compared to total assets. The consistent decline in assets from a peak of $1,866,165 in 2019 to $1,476,563 in 2022 further highlights financial challenges.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the recurring deficits imply that current spending levels are not sustainable given the revenue generated. A positive aspect is the reported 0% officer compensation across all filings, which suggests resources are not being diverted to high executive salaries. Transparency regarding specific program outcomes and detailed expense categories would enhance the overall assessment of their financial health and impact.

Verdict: Elderly Home Inc shows mixed signals

Red Flags

Strengths