Quick charity verification for First Option Care Inc (EIN: 201585087)
Verdict: First Option Care Inc appears trustworthy
80/100Mission Score
$258KRevenue
$615KAssets
2Red Flags
4Strengths
Red Flags
Significant fluctuation in liabilities, peaking at $540,523 in 202212, warrants further investigation into their nature.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits precise spending efficiency analysis.
Strengths
Consistent revenue growth in recent years, from $257,576 in 202112 to $358,509 in 202312.
Positive net income in the last three reported periods (202112, 202212, 202312), indicating effective financial management.
No reported officer compensation across all filings, suggesting a highly efficient or volunteer-driven executive structure.
Substantial asset base of $713,996 in 202312 relative to annual revenue.
Spending Breakdown
How First Option Care Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
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 First Option Care Inc
Is First Option Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Option Care Inc (EIN: 201585087) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is First Option Care Inc a good charity to donate to?
First Option Care Inc has a Mission Score of 80/100. Revenue: $258K. Assets: $615K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for First Option Care Inc?
The Employer Identification Number (EIN) for First Option Care Inc is 201585087. 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 First Option Care Inc spend its money?
First Option Care Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify First Option Care Inc's tax-exempt status?
You can verify First Option Care Inc's tax-exempt status using EIN 201585087 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
First Option Care Inc. demonstrates a generally stable financial position, with recent filings showing consistent revenue growth and positive net income. In the latest period (202312), the organization reported revenue of $358,509 against expenses of $313,641, resulting in a surplus. This trend of revenue exceeding expenses is a positive indicator of financial health, especially compared to earlier years like 201912 where expenses ($240,832) exceeded revenue ($215,196).
The organization's assets have fluctuated, reaching a high of $884,471 in 202212 before decreasing to $713,996 in 202312. Liabilities have also seen significant changes, peaking at $540,523 in 202212 and then reducing to $338,312 in 202312. While the asset base is substantial relative to its annual revenue, the significant liabilities in recent years warrant closer examination to understand their nature and impact on long-term solvency. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area.
Without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. However, the consistent positive net income in recent years (202112, 202212, 202312) indicates effective financial management in balancing income and expenditures. The absence of reported officer compensation enhances transparency regarding executive pay practices.