Is Friends Of The Ellen M Leachmemorial…

Quick charity verification for Friends Of The Ellen M Leachmemorial Home (EIN: 205064742)

Strengths

Consistent revenue growth, with latest revenue at $822,812 and 2023 period revenue at $436,759.
Significant asset growth from $23,477 in 2014 to $357,539 in 2023, demonstrating strong financial health.
Consistent surpluses in recent years (e.g., $436,759 revenue vs. $422,171 expenses in 2023).
No reported officer compensation across all 11 filings, suggesting efficient use of funds for mission.
Low and stable liabilities relative to assets, indicating good financial management.

Spending Breakdown

How Friends Of The Ellen M Leachmemorial Home allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Friends Of The Ellen M Leachmemorial Home

Is Friends Of The Ellen M Leachmemorial Home a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of The Ellen M Leachmemorial Home (EIN: 205064742) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.

Is Friends Of The Ellen M Leachmemorial Home a good charity to donate to?

Friends Of The Ellen M Leachmemorial Home has a Mission Score of 85/100. Revenue: $823K. Assets: $420K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of The Ellen M Leachmemorial Home?

The Employer Identification Number (EIN) for Friends Of The Ellen M Leachmemorial Home is 205064742. 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 Ellen M Leachmemorial Home spend its money?

Friends Of The Ellen M Leachmemorial Home allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of The Ellen M Leachmemorial Home's tax-exempt status?

You can verify Friends Of The Ellen M Leachmemorial Home's tax-exempt status using EIN 205064742 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 Ellen M Leachmemorial Home demonstrates a positive trend in financial health, with revenue consistently exceeding expenses in recent years. For example, in 2023, revenue was $436,759 against expenses of $422,171, resulting in a surplus. This trend is also evident in asset growth, from $23,477 in 2014 to $357,539 in 2023, indicating sound financial management and accumulation of resources. The organization's liabilities have remained relatively low and stable, further supporting its financial stability.

Regarding spending efficiency, the organization's consistent surpluses suggest that it is managing its expenses effectively relative to its income. While a detailed functional expense breakdown (program, administrative, fundraising) is not provided in the summary data, the overall financial health indicates that resources are being managed to support its mission. The absence of officer compensation reported across all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence.

In terms of transparency, the organization has a consistent filing history with the IRS, submitting 11 filings. The lack of reported officer compensation across all periods is a notable aspect of its financial operations. To fully assess transparency, access to the complete Form 990 would be necessary to review detailed breakdowns of expenses, governance policies, and program activities. However, the consistent filing and positive financial trends are good starting points.

Is Friends Of The Ellen M Leachmemorial Home Legit?

Verdict: Friends Of The Ellen M Leachmemorial Home appears trustworthy