Is Herkimer County Community College Housing Authority Legit?
Quick charity verification for Herkimer County Community College Housing Authority (EIN: 161579707)
Verdict: Herkimer County Community College Housing Authority appears trustworthy
85/100Mission Score
$2.4MRevenue
$1.9MAssets
2Red Flags
3Strengths
Red Flags
Consistent decline in annual revenue from $4,021,720 in 2017 to $2,331,403 in 2023.
Expenses have exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2021, 2020), indicating operational deficits.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Strong asset base relative to liabilities, with assets of $1,852,855 and liabilities of $79,426 in 2023.
Consistent history of filing IRS Form 990, demonstrating transparency.
Spending Breakdown
How Herkimer County Community College Housing Authority allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Herkimer County Community College Housing Authority
Is Herkimer County Community College Housing Authority a legitimate charity?
Based on AI analysis of IRS 990 filings, Herkimer County Community College Housing Authority (EIN: 161579707) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Herkimer County Community College Housing Authority a good charity to donate to?
Herkimer County Community College Housing Authority has a Mission Score of 85/100. Revenue: $2.4M. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Herkimer County Community College Housing Authority?
The Employer Identification Number (EIN) for Herkimer County Community College Housing Authority is 161579707. 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 Herkimer County Community College Housing Authority spend its money?
Herkimer County Community College Housing Authority allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Herkimer County Community College Housing Authority's tax-exempt status?
You can verify Herkimer County Community College Housing Authority's tax-exempt status using EIN 161579707 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
Herkimer County Community College Housing Authority appears to be in a stable financial position, though it has experienced a notable decline in revenue over the past several years. Revenue decreased from a high of $4,021,720 in 2017 to $2,331,403 in 2023, representing a significant reduction in operational scale. Despite this, the organization has consistently maintained positive net assets, with assets of $1,852,855 against liabilities of $79,426 in 2023, indicating a healthy balance sheet. The organization's expenses have generally tracked its revenue, with a slight deficit in 2023 where expenses ($2,386,305) exceeded revenue ($2,331,403). This trend of expenses occasionally exceeding revenue has been observed in recent years (e.g., 2022, 2021, 2020), suggesting a need for careful financial management to ensure long-term sustainability given the declining revenue trend. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for transparency and efficiency.