Is Hearing And Speech Center Of Rochester…

Quick charity verification for Hearing And Speech Center Of Rochester Inc (EIN: 160743137)

Red Flags

Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size and could indicate a lack of transparency in compensation reporting or an unusual operational model.
Recurring operating deficits in recent years (e.g., 2023, 2022, 2020), where expenses exceeded revenue, suggesting potential reliance on prior surpluses or other funding sources to cover costs.
High liabilities relative to assets in some periods, such as $2,495,312 in liabilities against $863,298 in assets in 2017, though this trend has improved recently.

Strengths

Consistent filing of IRS 990s over 13 periods, demonstrating a commitment to transparency and regulatory compliance.
Significant asset growth from $911,762 in 2020 to $1,813,985 in 2023, indicating an improving financial position.
The organization's expenses generally track closely with revenue, suggesting funds are being actively deployed for its mission rather than accumulating excessive reserves.
Potential for very low administrative overhead if the 0% officer compensation accurately reflects leadership costs, allowing more funds for programs.

Spending Breakdown

How Hearing And Speech Center Of Rochester 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

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 Hearing And Speech Center Of Rochester Inc

Is Hearing And Speech Center Of Rochester Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hearing And Speech Center Of Rochester Inc (EIN: 160743137) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Hearing And Speech Center Of Rochester Inc a good charity to donate to?

Hearing And Speech Center Of Rochester Inc has a Mission Score of 75/100. Revenue: $4.7M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hearing And Speech Center Of Rochester Inc?

The Employer Identification Number (EIN) for Hearing And Speech Center Of Rochester Inc is 160743137. 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 Hearing And Speech Center Of Rochester Inc spend its money?

Hearing And Speech Center Of Rochester Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hearing And Speech Center Of Rochester Inc's tax-exempt status?

You can verify Hearing And Speech Center Of Rochester Inc's tax-exempt status using EIN 160743137 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

The Hearing And Speech Center Of Rochester Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns for program, administrative, and fundraising expenses are not directly provided in the summary data, the organization's overall expenses have generally tracked closely with its revenue over the past decade, indicating a focus on utilizing funds for current operations rather than accumulating large surpluses. For instance, in 2023, expenses were $4,525,888 against revenues of $4,452,066, showing a slight deficit but consistent operational activity.

Financial health shows some fluctuations. The organization has experienced periods of operating deficits, such as in 2023, 2022, and 2020, where expenses exceeded revenue. However, it also had a significant surplus in 2021 ($5,215,308 revenue vs. $4,009,999 expenses), which likely helped to offset prior deficits. Assets have shown growth from $911,762 in 2020 to $1,813,985 in 2023, suggesting an improvement in its financial position, though liabilities remain substantial, at $1,390,985 in 2023. The consistent filing of IRS 990s over 13 periods indicates good transparency in reporting.

Is Hearing And Speech Center Of Rochester Inc Legit?

Verdict: Hearing And Speech Center Of Rochester Inc appears trustworthy