Quick charity verification for Friends Of Lamprey Health Care Inc (EIN: 20348630)
Verdict: Friends Of Lamprey Health Care Inc appears trustworthy
85/100Mission Score
$626KRevenue
$4.0MAssets
2Red Flags
4Strengths
Red Flags
Significant expense exceeding revenue in 202309 ($870,613 expenses vs. $231,424 revenue) without immediate explanation.
High liabilities relative to assets (e.g., $1,936,203 liabilities vs. $3,873,718 assets in 202309) warranting further investigation into their nature.
Strengths
Consistent reporting of 0% officer compensation, indicating high administrative efficiency.
Substantial and growing asset base ($4,000,960 latest assets), providing financial stability.
Stable revenue stream in most years, demonstrating consistent donor support or investment income.
Long filing history (13 filings) indicates sustained operation and transparency.
Spending Breakdown
How Friends Of Lamprey Health Care Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
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 Friends Of Lamprey Health Care Inc
Is Friends Of Lamprey Health Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Lamprey Health Care Inc (EIN: 20348630) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Friends Of Lamprey Health Care Inc a good charity to donate to?
Friends Of Lamprey Health Care Inc has a Mission Score of 85/100. Revenue: $626K. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Lamprey Health Care Inc?
The Employer Identification Number (EIN) for Friends Of Lamprey Health Care Inc is 20348630. 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 Friends Of Lamprey Health Care Inc spend its money?
Friends Of Lamprey Health Care Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Lamprey Health Care Inc's tax-exempt status?
You can verify Friends Of Lamprey Health Care Inc's tax-exempt status using EIN 20348630 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
Friends Of Lamprey Health Care Inc demonstrates a consistent financial pattern, primarily acting as a supporting organization for Lamprey Health Care. Its revenue has generally been stable, hovering around $228,000-$231,000 in recent years, with a notable spike in the latest reported revenue to $625,768. The organization's assets are substantial, currently at $4,000,960, indicating a strong financial base. However, the 202309 filing shows expenses of $870,613, significantly exceeding its revenue of $231,424 for that period, which suggests a substantial draw from reserves or other funding sources not immediately apparent in the revenue figure. This could be a one-time event or a strategic investment, but it warrants further investigation.
The organization's spending efficiency appears to be strong in most years, with expenses often well below revenue, allowing for asset growth. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for donor confidence. The significant liabilities, particularly in recent years (e.g., $1,936,203 in 202309), should be understood in the context of its role as a supporting organization, potentially related to its primary beneficiary's financial structure or specific projects. Overall, while the 202309 expense surge is a point of interest, the long-term trend suggests a well-managed entity with a focus on its mission.