Is Find Aid For The Aged Inc Legit? —…

Strengths

Strong and consistent asset growth, increasing from $4.3 million in 2014 to $27.7 million in 2023, indicating robust financial management.
Generally operates with an operational surplus, with revenues consistently exceeding expenses (e.g., $6.4M revenue vs. $6.1M expenses in 2023), contributing to financial stability.
Healthy liability-to-asset ratio, with liabilities at approximately 14% of assets in 2023 ($3.8M liabilities / $27.7M assets), indicating low financial risk.

Spending Breakdown

How Find Aid For The Aged Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Find Aid For The Aged Inc

Is Find Aid For The Aged Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Find Aid For The Aged Inc (EIN: 132666921) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.

Is Find Aid For The Aged Inc a good charity to donate to?

Find Aid For The Aged Inc has a Mission Score of 85/100. Revenue: $6.8M. Assets: $27.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Find Aid For The Aged Inc?

The Employer Identification Number (EIN) for Find Aid For The Aged Inc is 132666921. 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 Find Aid For The Aged Inc spend its money?

Find Aid For The Aged Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Find Aid For The Aged Inc's tax-exempt status?

You can verify Find Aid For The Aged Inc's tax-exempt status using EIN 132666921 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

Find Aid For The Aged Inc demonstrates a generally stable financial position with consistent revenue streams, though there was a notable spike in revenue in 2020 to $17,960,758, which has since normalized. The organization consistently maintains a healthy asset base, growing from $4,361,206 in 2014 to $27,764,761 in 2023, indicating strong financial management and accumulation of resources. Their liabilities have also increased over time, but remain a manageable proportion of assets, with a liability-to-asset ratio of approximately 14% in 2023 ($3,879,627 liabilities / $27,764,761 assets).

The organization appears to be efficient in its spending, with expenses generally tracking below revenue, allowing for asset growth. For instance, in 2023, expenses were $6,159,981 against revenues of $6,447,930. A significant positive indicator for transparency and mission focus is the consistent reporting of 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size. This practice, while potentially indicating a volunteer-driven leadership, could also raise questions about the full scope of compensation if not clearly explained elsewhere.

Overall, Find Aid For The Aged Inc exhibits sound financial health and a strong capacity to accumulate assets. The absence of reported officer compensation is a unique characteristic that, depending on further context, could be seen as a strength in terms of resource allocation directly to programs, or a point for further inquiry regarding full compensation disclosure. Their consistent operational surplus and asset growth suggest a well-managed and financially robust organization.

Is Find Aid For The Aged Inc Legit?

Verdict: Find Aid For The Aged Inc appears trustworthy

Red Flags