Is Home Care Services For Independent Living Inc Legit?
Quick charity verification for Home Care Services For Independent Living Inc (EIN: 112516716)
Verdict: Home Care Services For Independent Living Inc shows mixed signals
65/100Mission Score
$16.9MRevenue
$7.7MAssets
5Red Flags
3Strengths
Red Flags
Significant and sustained revenue decline over the past decade (from $35.2M in 2014 to $16.5M in 2023).
Operating deficits in multiple recent years, including a $2.7 million deficit in 2023.
Consistent reporting of 0% officer compensation across all filings, which is highly unusual for an organization of this scale and raises transparency questions.
Decrease in total assets from $18.5 million in 2014 to $7.4 million in 2023, indicating a shrinking financial base.
Increase in liabilities from $2.8 million in 2022 to $5.4 million in 2023, worsening the debt-to-asset ratio.
Strengths
High program spending ratio (85% in 2023), indicating a strong focus on its mission.
Long operational history with 13 IRS 990 filings available, suggesting established presence.
Despite financial challenges, the organization continues to provide services, as evidenced by ongoing expenses.
Spending Breakdown
How Home Care Services For Independent Living Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Home Care Services For Independent Living Inc
Is Home Care Services For Independent Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Care Services For Independent Living Inc (EIN: 112516716) shows mixed signals. Mission Score: 65/100. 5 red flags identified, 3 strengths noted.
Is Home Care Services For Independent Living Inc a good charity to donate to?
Home Care Services For Independent Living Inc has a Mission Score of 65/100. Revenue: $16.9M. Assets: $7.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Care Services For Independent Living Inc?
The Employer Identification Number (EIN) for Home Care Services For Independent Living Inc is 112516716. 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 Home Care Services For Independent Living Inc spend its money?
Home Care Services For Independent Living Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Care Services For Independent Living Inc's tax-exempt status?
You can verify Home Care Services For Independent Living Inc's tax-exempt status using EIN 112516716 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
Home Care Services For Independent Living Inc has experienced a significant decline in revenue over the past decade, from a peak of $35.2 million in 2014 to $16.5 million in 2023. This trend is concerning, as expenses have not always decreased proportionally, leading to operating deficits in several recent years, including a $2.7 million deficit in 2023. The organization's assets have also decreased substantially, from $18.5 million in 2014 to $7.4 million in 2023, while liabilities have fluctuated, reaching $5.4 million in 2023.
Despite these financial challenges, the organization demonstrates strong program spending, with 85% of expenses allocated to program services in the latest filing. This indicates a commitment to its mission. However, the consistent reporting of 0% officer compensation across all filings raises questions about the accuracy or completeness of executive compensation disclosure, which could impact transparency assessments. The organization's financial health appears to be under pressure due to declining revenue and inconsistent profitability.
While the high program spending ratio is a positive indicator of mission focus, the overall financial trajectory, particularly the sustained revenue decline and recent operating losses, suggests a need for strategic financial planning and potential operational adjustments. The lack of reported officer compensation, while potentially a positive for resource allocation, warrants further investigation to ensure full transparency regarding leadership remuneration.