Is Holie Vii Inc Legit?

Red Flags

Consistent operating deficits, with expenses significantly exceeding revenue in every reported period (e.g., $471,635 expenses vs. $288,948 revenue in 202404).
Declining asset base over time, from $2,817,495 in 201504 to $1,824,839 in 202404.
High and stable liabilities (around $3.6 million) relative to declining assets and revenue, indicating potential solvency issues.

Spending Breakdown

How Holie Vii Inc 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 Holie Vii Inc

Is Holie Vii Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Holie Vii Inc (EIN: 203973544) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.

Is Holie Vii Inc a good charity to donate to?

Holie Vii Inc has a Mission Score of 45/100. Revenue: $306K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Holie Vii Inc?

The Employer Identification Number (EIN) for Holie Vii Inc is 203973544. 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 Holie Vii Inc spend its money?

Holie Vii Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Holie Vii Inc's tax-exempt status?

You can verify Holie Vii Inc's tax-exempt status using EIN 203973544 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

Holie Vii Inc. demonstrates a concerning financial trend with consistent operating deficits over the past several years. In the latest period (202404), the organization reported revenues of $288,948 against expenses of $471,635, resulting in a significant deficit of $182,687. This pattern of expenses exceeding revenue is evident across all provided filings, indicating a reliance on existing assets or other funding mechanisms to cover operational costs. The organization's assets have also been steadily declining, from $2,817,495 in 201504 to $1,824,839 in 202404, while liabilities have remained consistently high, hovering around $3.6 million. This suggests a long-term solvency issue that warrants closer examination.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent deficits raise questions about the sustainability of current operations. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency. The NTEE code L119 (Housing/Shelter) suggests a mission that typically involves significant program delivery costs.

From a transparency perspective, the consistent reporting of $0 officer compensation is a positive indicator if it truly reflects a volunteer executive structure. However, the persistent financial deficits and declining asset base, coupled with high liabilities, suggest that the organization's long-term financial health is precarious. A more detailed breakdown of expenses would be necessary to fully evaluate spending efficiency and program impact.

Verdict: Holie Vii Inc shows mixed signals