Quick charity verification for Fund For The Aged Inc (EIN: 133603516)
Verdict: Fund For The Aged Inc shows mixed signals
45/100Mission Score
$69.6MRevenue
$95.1MAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $5.05M deficit in 2023, $4.56M deficit in 2022)
Significant decline in assets over time (from $133M in 2016 to $94M in 2023)
Liabilities exceeding assets in 2023 ($100.8M liabilities vs. $94.2M assets)
High expense-to-revenue ratio in recent years
Strengths
0% officer compensation reported across all available filings, indicating efficient use of funds for leadership.
Long filing history (13 filings) suggests consistent reporting.
Spending Breakdown
How Fund For The Aged 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 Fund For The Aged Inc
Is Fund For The Aged Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fund For The Aged Inc (EIN: 133603516) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Fund For The Aged Inc a good charity to donate to?
Fund For The Aged Inc has a Mission Score of 45/100. Revenue: $69.6M. Assets: $95.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fund For The Aged Inc?
The Employer Identification Number (EIN) for Fund For The Aged Inc is 133603516. 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 Fund For The Aged Inc spend its money?
Fund For The Aged Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fund For The Aged Inc's tax-exempt status?
You can verify Fund For The Aged Inc's tax-exempt status using EIN 133603516 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
Fund For The Aged Inc exhibits a concerning trend of operating deficits in recent years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $11,013,128 against revenue of $5,964,288, and in 2022, expenses were $9,688,721 against revenue of $5,125,717. This sustained spending beyond income raises questions about long-term financial sustainability, especially given the significant decline in assets from $133,286,152 in 2016 to $94,234,693 in 2023. While the organization reports 0% officer compensation, which is a positive indicator of resource allocation, the overall financial health appears to be deteriorating. The substantial liabilities reported in 2023 ($100,877,000) compared to assets ($94,234,693) are particularly alarming, indicating a potential insolvency issue.