Is Fellowship Apartments Inc Legit?

Quick charity verification for Fellowship Apartments Inc (EIN: 20426306)

Verdict: Fellowship Apartments Inc appears trustworthy

75/100Mission Score
$96KRevenue
$390KAssets
2Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Fellowship Apartments Inc allocates its funds across programs, administration, and fundraising.

85%
Program Spending
Healthy — majority goes to mission
15%
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 Fellowship Apartments Inc

Is Fellowship Apartments Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Fellowship Apartments Inc (EIN: 20426306) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Fellowship Apartments Inc a good charity to donate to?

Fellowship Apartments Inc has a Mission Score of 75/100. Revenue: $96K. Assets: $390K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fellowship Apartments Inc?

The Employer Identification Number (EIN) for Fellowship Apartments Inc is 20426306. 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 Fellowship Apartments Inc spend its money?

Fellowship Apartments Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fellowship Apartments Inc's tax-exempt status?

You can verify Fellowship Apartments Inc's tax-exempt status using EIN 20426306 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

Fellowship Apartments Inc. demonstrates consistent financial activity, with annual revenues and expenses hovering around the $100,000 mark over the past decade. The organization's assets have fluctuated, peaking around $560,000 in 2015-2016 and currently standing at $475,621 as of the 202406 period. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or very lean administrative structure, contributing positively to spending efficiency. However, the organization has frequently operated with expenses exceeding revenue, such as in 202406 where expenses were $104,020 against revenues of $97,495, indicating a reliance on prior reserves or other funding sources to cover operational costs. The organization's financial health appears stable given its consistent asset base, but the recurring deficit spending warrants attention. For instance, in 201706, expenses significantly outstripped revenue ($163,560 vs. $102,737). While the NTEE code L20Z (Housing for the Elderly) suggests a clear program focus, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging. The absence of officer compensation is a strong indicator of efficient use of funds for its mission, but the overall financial strategy regarding revenue generation versus expenditure needs to ensure long-term sustainability. Transparency is generally good through its consistent 990 filings. The lack of officer compensation is a transparent and positive financial indicator. However, a more detailed breakdown of expenses within the 990s would further enhance transparency regarding how funds are allocated between direct program services, administrative overhead, and any fundraising efforts. The organization's liabilities are consistently high relative to its assets, for example, $454,433 in liabilities against $475,621 in assets in 202406, which could indicate significant debt or other obligations.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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