Is Friends Of The Delaware Veterans Home Inc Legit?
Quick charity verification for Friends Of The Delaware Veterans Home Inc (EIN: 203369554)
Verdict: Friends Of The Delaware Veterans Home Inc appears trustworthy
70/100Mission Score
$7KRevenue
$34KAssets
2Red Flags
3Strengths
Red Flags
Extreme financial volatility with large deficits in some years (e.g., 2022 expenses $523,008 vs. revenue $61,687).
Significant decline in assets from $486,970 in 2021 to $29,160 in 2023, indicating substantial asset utilization or loss.
Strengths
Consistent reporting of 0% officer compensation, indicating a volunteer-driven leadership and efficient use of funds for executive pay.
Maintains positive net assets despite financial fluctuations, demonstrating some level of financial resilience.
Consistent IRS 990 filing history, indicating transparency and compliance.
Spending Breakdown
How Friends Of The Delaware Veterans Home Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 The Delaware Veterans Home Inc
Is Friends Of The Delaware Veterans Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Delaware Veterans Home Inc (EIN: 203369554) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Friends Of The Delaware Veterans Home Inc a good charity to donate to?
Friends Of The Delaware Veterans Home Inc has a Mission Score of 70/100. Revenue: $7K. Assets: $34K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of The Delaware Veterans Home Inc?
The Employer Identification Number (EIN) for Friends Of The Delaware Veterans Home Inc is 203369554. 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 The Delaware Veterans Home Inc spend its money?
Friends Of The Delaware Veterans Home Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of The Delaware Veterans Home Inc's tax-exempt status?
You can verify Friends Of The Delaware Veterans Home Inc's tax-exempt status using EIN 203369554 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 The Delaware Veterans Home Inc exhibits fluctuating financial health over the past decade. While the organization has generally maintained positive net assets, there have been significant swings in revenue and expenses. For instance, in 2022, expenses ($523,008) dramatically outstripped revenue ($61,687), leading to a substantial deficit. Conversely, 2021 saw strong revenue ($234,727) against much lower expenses ($46,541), indicating periods of robust fundraising or large donations. The latest filing (2023) shows modest revenue ($6,627) and expenses ($3,216), suggesting a return to smaller operational scale after the volatility of prior years.
The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the absence of officer compensation across all reported periods suggests a volunteer-driven leadership, which can contribute to lower administrative costs. The significant expense in 2022, far exceeding revenue, raises questions about the nature of those expenditures and their sustainability. The organization's assets have also seen considerable fluctuation, peaking at $486,970 in 2021 before declining to $29,160 in 2023.
In terms of transparency, the consistent filing of IRS Form 990s demonstrates a commitment to public disclosure. The lack of reported officer compensation is a positive indicator for transparency regarding executive pay. However, without more granular expense data, it's challenging to fully understand the allocation of funds between programs, administration, and fundraising. The wide swings in financial figures year-over-year warrant closer examination to understand the underlying operational dynamics.