Quick charity verification for Home Life Services Inc (EIN: 133899699)
Verdict: Home Life Services Inc appears trustworthy
75/100Mission Score
$106.4MRevenue
$150.7MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% reported officer compensation for a large organization, raising transparency questions about executive remuneration.
Rapid increase in liabilities alongside assets, which, while potentially for growth, could indicate increased financial risk if not managed effectively.
Strengths
Exceptional revenue growth, increasing from $12.5M in 2014 to over $106M currently, indicating strong fundraising or service demand.
Significant asset growth, from $2.6M in 2014 to $150.6M currently, suggesting successful capital accumulation and expansion.
Expenses consistently align closely with revenue, indicating funds are being deployed for operations rather than accumulating excessively.
Spending Breakdown
How Home Life Services 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 Life Services Inc
Is Home Life Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Life Services Inc (EIN: 133899699) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Home Life Services Inc a good charity to donate to?
Home Life Services Inc has a Mission Score of 75/100. Revenue: $106.4M. Assets: $150.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Life Services Inc?
The Employer Identification Number (EIN) for Home Life Services Inc is 133899699. 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 Life Services Inc spend its money?
Home Life Services Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Life Services Inc's tax-exempt status?
You can verify Home Life Services Inc's tax-exempt status using EIN 133899699 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 Life Services Inc. demonstrates significant growth in revenue and assets over the past decade, with revenue increasing from $12.5 million in 2014 to over $106 million currently. The organization consistently reports expenses closely aligned with revenue, indicating a focus on deploying funds for its mission. For instance, in 2023, expenses were $98.5 million against $98.3 million in revenue. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under other categories, warranting further investigation for full transparency. The substantial increase in assets, particularly from $16.5 million in 2022 to $103.8 million in 2023, and then to $150.6 million currently, alongside a corresponding rise in liabilities, indicates significant operational expansion, possibly through capital investments or program scaling.
The financial health appears robust given the consistent revenue growth and asset accumulation. The organization's ability to manage expenses in line with its rapidly expanding operations is a positive sign. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The absence of reported officer compensation, while potentially positive, could also be a transparency concern if executive leadership is compensated through other means not clearly disclosed as 'officer compensation' on the 990.
Overall, Home Life Services Inc. exhibits strong financial growth and appears to be actively utilizing its funds. The primary area for improved transparency would be a clearer disclosure of executive compensation practices and a detailed functional expense breakdown to fully evaluate spending efficiency.