Quick charity verification for Fairhaven Residents Association Inc (EIN: 10608536)
Verdict: Fairhaven Residents Association Inc appears trustworthy
85/100Mission Score
$169KRevenue
$452KAssets
1Red Flags
4Strengths
Red Flags
Consistent slight operating deficits in recent years (e.g., 2023 expenses $183,472 vs. revenue $175,201), which could erode assets over time if not managed.
Strengths
Zero officer compensation, indicating a volunteer-driven leadership.
Consistently low to zero liabilities, demonstrating strong debt management.
Healthy asset base relative to annual revenue, providing financial cushion.
Consistent IRS 990 filing history (13 filings), indicating strong transparency.
Spending Breakdown
How Fairhaven Residents Association Inc 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 Fairhaven Residents Association Inc
Is Fairhaven Residents Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairhaven Residents Association Inc (EIN: 10608536) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Fairhaven Residents Association Inc a good charity to donate to?
Fairhaven Residents Association Inc has a Mission Score of 85/100. Revenue: $169K. Assets: $452K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fairhaven Residents Association Inc?
The Employer Identification Number (EIN) for Fairhaven Residents Association Inc is 10608536. 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 Residents Association Inc spend its money?
Fairhaven Residents Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fairhaven Residents Association Inc's tax-exempt status?
You can verify Fairhaven Residents Association Inc's tax-exempt status using EIN 10608536 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
The Fairhaven Residents Association Inc. demonstrates a consistent financial pattern, operating with revenues generally in line with or slightly below expenses in recent years. For example, in 2023, revenue was $175,201 against expenses of $183,472, and in 2022, revenue was $168,567 against expenses of $186,823. This indicates a tight operational budget, though the organization maintains a healthy asset base, with $446,915 in assets in 2023 and $452,394 currently. The consistent reporting of zero liabilities in most recent filings (2017-2023) suggests strong financial management regarding debt. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, indicating a commitment to public disclosure. The absence of officer compensation further enhances its transparency and suggests a volunteer-driven leadership structure, which is common for smaller community associations.