Quick charity verification for Hatzalah Of Waterbury Inc (EIN: 201505320)
Verdict: Hatzalah Of Waterbury Inc appears trustworthy
75/100Mission Score
$491KRevenue
$175KAssets
1Red Flags
3Strengths
Red Flags
Expenses ($325,054) exceeded revenue ($242,097) in 2023, indicating an operating deficit for that period.
Strengths
No officer compensation reported in 2023, suggesting a volunteer-driven leadership.
Significant growth in assets from $78,130 in 2023 to $175,058 in the latest period.
NTEE code M20 indicates a clear focus on emergency medical services, aligning with its name and likely mission.
Spending Breakdown
How Hatzalah Of Waterbury 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 Hatzalah Of Waterbury Inc
Is Hatzalah Of Waterbury Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hatzalah Of Waterbury Inc (EIN: 201505320) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Hatzalah Of Waterbury Inc a good charity to donate to?
Hatzalah Of Waterbury Inc has a Mission Score of 75/100. Revenue: $491K. Assets: $175K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hatzalah Of Waterbury Inc?
The Employer Identification Number (EIN) for Hatzalah Of Waterbury Inc is 201505320. 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 Hatzalah Of Waterbury Inc spend its money?
Hatzalah Of Waterbury Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hatzalah Of Waterbury Inc's tax-exempt status?
You can verify Hatzalah Of Waterbury Inc's tax-exempt status using EIN 201505320 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
Hatzalah Of Waterbury Inc, operating in Waterbury, CT, appears to be a relatively small but growing organization based on its latest available financial data. In the 2023 fiscal period, the organization reported revenues of $242,097 against expenses of $325,054, indicating a deficit for that year. This spending exceeded revenue by approximately $82,957. Despite this, the organization's assets grew from $78,130 in 2023 to $175,058 in the latest reported period, suggesting an increase in resources or a significant influx of funds not fully captured in the 2023 revenue figure. The organization's NTEE code M20 indicates a focus on emergency medical services, which aligns with the 'Hatzalah' name typically associated with volunteer ambulance services. The lack of reported officer compensation in 2023 suggests a volunteer-driven leadership model, which can be a positive indicator of efficiency and dedication to mission.