Is Halfway Home Rescue Legit?

Quick charity verification for Halfway Home Rescue (EIN: 201912291)

Verdict: Halfway Home Rescue appears trustworthy

85/100Mission Score
$356KRevenue
$144KAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Halfway Home Rescue demonstrates consistent financial activity, with revenues and expenses generally in balance over the past several years. In the most recent period (202312), the organization reported revenues of $367,248 against expenses of $355,451, indicating a slight surplus. While the organization's assets have fluctuated, they have shown growth from $61,405 in 2016 to $122,553 in 2023, suggesting a stable, albeit modest, financial foundation. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, indicating a volunteer-driven leadership or that compensation falls below reporting thresholds. The organization's spending efficiency appears to be strong, particularly given the lack of reported executive compensation, which typically reduces administrative overhead. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory transparency. Overall, Halfway Home Rescue appears to be a financially stable organization operating within its means. Its consistent revenue generation and asset growth, coupled with no reported officer compensation, suggest a lean operational model. Further detailed expense breakdowns would enhance the understanding of its program efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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