Quick charity verification for Home Repairs Ministries Inc (EIN: 203932457)
Verdict: Home Repairs Ministries Inc appears trustworthy
85/100Mission Score
$420KRevenue
$204KAssets
2Red Flags
5Strengths
Red Flags
Significant deficit in the latest fiscal period (2023), with expenses exceeding revenue by $76,512.
Latest revenue of $154,818 is the lowest reported in the provided filing history, indicating a potential decline in funding.
Strengths
Consistent 0% officer compensation across all 13 filings, indicating high efficiency and dedication of funds to mission.
Long operational history with 13 IRS 990 filings, demonstrating stability and experience.
Strong asset-to-liability ratio, with assets of $131,654 significantly outweighing liabilities of $6,118 in 2023, indicating good solvency.
Clear mission alignment with NTEE code X20 (Housing, Shelter) and organization name 'Home Repairs Ministries Inc'.
Consistent filing of IRS 990s, demonstrating good transparency.
Spending Breakdown
How Home Repairs Ministries Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Repairs Ministries Inc
Is Home Repairs Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Repairs Ministries Inc (EIN: 203932457) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Home Repairs Ministries Inc a good charity to donate to?
Home Repairs Ministries Inc has a Mission Score of 85/100. Revenue: $420K. Assets: $204K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Home Repairs Ministries Inc?
The Employer Identification Number (EIN) for Home Repairs Ministries Inc is 203932457. 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 Repairs Ministries Inc spend its money?
Home Repairs Ministries Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Home Repairs Ministries Inc's tax-exempt status?
You can verify Home Repairs Ministries Inc's tax-exempt status using EIN 203932457 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 Repairs Ministries Inc demonstrates a consistent operational history, with 13 filings indicating a long-standing presence. The organization's financial health shows some fluctuations, with recent years (2022 and 2021) showing positive net income, but 2023 reporting expenses exceeding revenue by $76,512 ($231,330 expenses vs. $154,818 revenue). This recent deficit warrants attention, though the organization maintains a healthy asset base of $131,654 against relatively low liabilities of $6,118 in 2023, suggesting good solvency. The organization's NTEE code X20 (Housing, Shelter) aligns with its name, indicating a clear program focus.
Spending efficiency appears strong given the consistent reporting of 0% officer compensation across all available filings, suggesting that a significant portion of funds is likely directed towards program services rather than administrative overhead or executive salaries. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't provided in the raw data, the absence of officer compensation is a positive indicator of efficiency. The organization's transparency is good, with a consistent filing history available for public review.
Overall, Home Repairs Ministries Inc appears to be a well-established organization with a clear mission and good financial management regarding executive compensation. The recent dip in net income in 2023 should be monitored, but its strong asset-to-liability ratio provides a buffer. The consistent lack of officer compensation is a significant strength, indicating a lean operational model.