Quick charity verification for Frank Town Open Hearts Ministry Inc (EIN: 202862970)
Verdict: Frank Town Open Hearts Ministry Inc appears trustworthy
90/100Mission Score
$2.1MRevenue
$3.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong and consistent revenue growth, from $831,560 in 2019 to $2,721,704 in 2023.
Significant asset accumulation, reaching $3,394,348 in 2023, indicating financial stability.
No reported officer compensation across all filings, demonstrating a commitment to mission-focused spending.
Positive net income in recent years, with revenue significantly exceeding expenses (e.g., $2,721,704 revenue vs. $1,280,617 expenses in 2023).
Low liabilities relative to assets, indicating good financial management (e.g., $146,937 liabilities vs. $3,394,348 assets in 2023).
Spending Breakdown
How Frank Town Open Hearts Ministry Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Frank Town Open Hearts Ministry Inc
Is Frank Town Open Hearts Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Frank Town Open Hearts Ministry Inc (EIN: 202862970) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Frank Town Open Hearts Ministry Inc a good charity to donate to?
Frank Town Open Hearts Ministry Inc has a Mission Score of 90/100. Revenue: $2.1M. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Frank Town Open Hearts Ministry Inc?
The Employer Identification Number (EIN) for Frank Town Open Hearts Ministry Inc is 202862970. 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 Frank Town Open Hearts Ministry Inc spend its money?
Frank Town Open Hearts Ministry Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Frank Town Open Hearts Ministry Inc's tax-exempt status?
You can verify Frank Town Open Hearts Ministry Inc's tax-exempt status using EIN 202862970 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
Frank Town Open Hearts Ministry Inc demonstrates strong financial growth and appears to be in a healthy financial position. Over the past five years, revenue has consistently increased, from $831,560 in 2019 to $2,721,704 in 2023, indicating growing support for its mission. The organization has also significantly grown its assets, reaching $3,394,348 in 2023, which provides a solid financial foundation.
The organization's spending efficiency is notable, particularly in 2023 where expenses were $1,280,617 against revenues of $2,721,704, suggesting a significant surplus that could be reinvested into programs or reserves. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, which is a strong positive for transparency and donor confidence. While specific program spending percentages are not detailed in the provided data, the overall financial trends suggest a well-managed and growing organization.
However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The consistent growth in assets and revenue, coupled with no reported officer compensation, points to a financially sound and transparent operation, but more granular expense data would further enhance transparency.