Quick charity verification for Famcare Inc (EIN: 221949677)
Verdict: Famcare Inc appears trustworthy
85/100Mission Score
$2.5MRevenue
$1.9MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent revenue generation, with revenues around $2 million annually over the past several years.
Significant growth in assets, from $404,121 in 2017 to $1,888,252 in 2023, indicating strong financial management and accumulation.
Low liabilities relative to assets, with liabilities at $909,281 against $1,888,252 in assets for 2023, suggesting good financial health.
Positive net assets (assets minus liabilities) have consistently grown, from $191,432 in 2017 to $978,971 in 2023.
Spending Breakdown
How Famcare 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 Famcare Inc
Is Famcare Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Famcare Inc (EIN: 221949677) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Famcare Inc a good charity to donate to?
Famcare Inc has a Mission Score of 85/100. Revenue: $2.5M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Famcare Inc?
The Employer Identification Number (EIN) for Famcare Inc is 221949677. 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 Famcare Inc spend its money?
Famcare Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Famcare Inc's tax-exempt status?
You can verify Famcare Inc's tax-exempt status using EIN 221949677 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
Famcare Inc is a health care nonprofit based in Glassboro, New Jersey, with reported revenue of $2.5M and assets of $1.9M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is not explicitly detailed in the provided data, but the 'c0%' for lobbying suggests a focus on program delivery rather than advocacy-related executive roles. Revenue has grown +20% across 13 filing periods.