Quick charity verification for Fhmc Inc (EIN: 133809029)
Verdict: Fhmc Inc shows mixed signals
45/100Mission Score
$23.7MRevenue
$55.5MAssets
4Red Flags
3Strengths
Red Flags
Extremely low expense-to-revenue ratio, suggesting minimal direct spending on activities relative to income (e.g., 2023: $456,881 expenses vs. $4,989,427 revenue).
Consistent 0% officer compensation, which is highly unusual for an organization with assets exceeding $50 million.
Rapid and substantial asset accumulation without clear corresponding program expenditures.
Lack of detailed information on how the minimal expenses are allocated to programs, administration, and fundraising, making efficiency assessment difficult.
Strengths
Strong financial position with significant and growing assets ($54,777,000 in 2023).
No reported officer compensation, indicating a potential commitment to minimizing administrative overhead in that specific area.
Consistent filing history over 10 periods, demonstrating compliance with IRS reporting requirements.
Spending Breakdown
How Fhmc Inc allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
40%
Admin Costs
High — over 25% on administration
10%
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 Fhmc Inc
Is Fhmc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fhmc Inc (EIN: 133809029) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Fhmc Inc a good charity to donate to?
Fhmc Inc has a Mission Score of 45/100. Revenue: $23.7M. Assets: $55.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fhmc Inc?
The Employer Identification Number (EIN) for Fhmc Inc is 133809029. 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 Fhmc Inc spend its money?
Fhmc Inc allocates 50% to programs, 40% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fhmc Inc's tax-exempt status?
You can verify Fhmc Inc's tax-exempt status using EIN 133809029 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
Fhmc Inc demonstrates a unique financial profile, characterized by significantly higher revenues compared to expenses across its filing history. For instance, in 2023, revenue was $4,989,427 while expenses were only $456,881, indicating a substantial accumulation of assets rather than direct program spending relative to income. This pattern suggests that the organization may be primarily focused on asset management or investment activities, which is not typical for a direct service nonprofit. The consistent reporting of 0% officer compensation across all filings is a positive indicator of transparency regarding executive pay, though it raises questions about how the organization's operations are managed and compensated if not through traditional officer salaries. The rapid growth in assets, from $4,338,811 in 2014 to $54,777,000 in 2023, further supports the interpretation of an asset-centric model. However, without a detailed breakdown of how the minimal expenses are allocated between programs, administration, and fundraising, it's challenging to fully assess spending efficiency and program impact.