Quick charity verification for Fairhaven Healthcare Center Inc (EIN: 208745264)
Verdict: Fairhaven Healthcare Center Inc shows mixed signals
60/100Mission Score
$11.9MRevenue
$23.7MAssets
4Red Flags
3Strengths
Red Flags
Consistent operating deficits: Expenses have exceeded revenue in all 11 reported periods.
Negative net assets: Liabilities significantly outweigh assets, indicating a precarious financial position (e.g., $33.8M liabilities vs. $23.7M assets in 2021).
Declining revenue trend: Revenue has decreased from $15.4M in 2018 to $11.8M in 2021.
Unusual 0% officer compensation: For an organization of this size, reporting no compensation for officers, directors, or key employees is highly uncommon and warrants further scrutiny.
Strengths
Consistent IRS 990 filing history: 11 filings demonstrate a commitment to transparency and compliance.
Focus on mission: As a healthcare center, the majority of expenses are likely directed towards program services, though specific breakdowns are not provided in the summary data.
Long-standing operation: The extensive filing history suggests a long-established presence in the community.
Spending Breakdown
How Fairhaven Healthcare 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
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 Fairhaven Healthcare Center Inc
Is Fairhaven Healthcare Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairhaven Healthcare Center Inc (EIN: 208745264) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Fairhaven Healthcare Center Inc a good charity to donate to?
Fairhaven Healthcare Center Inc has a Mission Score of 60/100. Revenue: $11.9M. Assets: $23.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fairhaven Healthcare Center Inc?
The Employer Identification Number (EIN) for Fairhaven Healthcare Center Inc is 208745264. 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 Fairhaven Healthcare Center Inc spend its money?
Fairhaven Healthcare Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fairhaven Healthcare Center Inc's tax-exempt status?
You can verify Fairhaven Healthcare Center Inc's tax-exempt status using EIN 208745264 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
Fairhaven Healthcare Center Inc. demonstrates consistent financial operations, though it has experienced a decline in revenue over the past few years, from $15.4 million in 2018 to $11.8 million in 2021. The organization consistently reports expenses exceeding revenue, leading to a negative net income in all reported periods. For instance, in 2021, expenses were $14,975,809 against revenues of $11,897,110. This trend has contributed to a significant increase in liabilities relative to assets, with liabilities exceeding assets by over $10 million in 2021 ($33,880,632 liabilities vs. $23,711,383 assets). The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 11 filings available, indicating a commitment to public disclosure. However, the persistent operating deficit and growing liabilities warrant closer examination of its long-term financial sustainability.