Liabilities consistently exceed assets, with liabilities at $51,095,541 and assets at $32,190,645 in 2023, indicating potential long-term financial instability.
Administrative expenses appear high relative to total expenses, suggesting a significant portion of funds may not directly support programs.
The organization's net assets have been consistently negative over the past several years, indicating a persistent deficit.
Strengths
Consistent revenue generation over the past several years, with 2023 revenue at $20,245,771.
Stable asset base, maintaining over $30 million in assets annually.
Regular and timely financial filings, demonstrating adherence to reporting requirements.
Spending Breakdown
How Harrogate Incorporated allocates its funds across programs, administration, and fundraising.
60%
Program Spending
Below average — room for improvement
25%
Admin Costs
Reasonable — admin costs in check
15%
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 Harrogate Incorporated
Is Harrogate Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrogate Incorporated (EIN: 222919029) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Harrogate Incorporated a good charity to donate to?
Harrogate Incorporated has a Mission Score of 65/100. Revenue: $23.0M. Assets: $30.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harrogate Incorporated?
The Employer Identification Number (EIN) for Harrogate Incorporated is 222919029. 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 Harrogate Incorporated spend its money?
Harrogate Incorporated allocates 60% to programs, 25% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harrogate Incorporated's tax-exempt status?
You can verify Harrogate Incorporated's tax-exempt status using EIN 222919029 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
Harrogate Incorporated is a health care nonprofit based in Lakewood, New Jersey, with reported revenue of $23.0M and assets of $30.2M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 60% of spending goes to programs, 25% to administration, and 15% to fundraising. • Financial statements are consistently filed, showing revenue, expenses, assets, and liabilities.
• No specific program details or impact metrics are readily available in the provided data.
• Executive compensation details are not included in the provided financial data. Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Revenue has grown +16% across 13 filing periods.