Is Hermon Elderly Project Legit?

Spending Breakdown

How Hermon Elderly Project allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Hermon Elderly Project

Is Hermon Elderly Project a legitimate charity?

Based on AI analysis of IRS 990 filings, Hermon Elderly Project (EIN: 10367846) shows mixed signals. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.

Is Hermon Elderly Project a good charity to donate to?

Hermon Elderly Project has a Mission Score of 45/100. Revenue: $171K. Assets: $751K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hermon Elderly Project?

The Employer Identification Number (EIN) for Hermon Elderly Project is 10367846. 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 Hermon Elderly Project spend its money?

Hermon Elderly Project allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hermon Elderly Project's tax-exempt status?

You can verify Hermon Elderly Project's tax-exempt status using EIN 10367846 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

Hermon Elderly Project exhibits a concerning trend of operating deficits, with expenses consistently exceeding revenue over the past decade. For instance, in 2023, expenses were $226,887 against revenues of $167,890, resulting in a deficit of nearly $60,000. This persistent shortfall has led to a significant decline in assets, from a peak of $1,144,553 in 2016 to $785,942 in 2023, while liabilities have steadily increased, reaching $1,155,193 in 2023. This financial trajectory suggests an unsustainable operational model.

The organization's financial health is further complicated by its high liabilities relative to assets, indicating a potential solvency risk. While the NTEE code P81Z suggests a focus on elderly housing and care, the lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the overall deficit. However, the consistent operational losses are a significant red flag regarding long-term sustainability.

Transparency regarding executive compensation is strong, with 0% reported for officer compensation across all filings, suggesting a volunteer-led or very lean administrative structure. However, the overall financial picture points to an organization struggling to cover its costs, which could impact its ability to deliver on its mission effectively in the long run.

Verdict: Hermon Elderly Project shows mixed signals

Red Flags

Strengths