Quick charity verification for Homes For The Homeless Inc (EIN: 133351420)
Verdict: Homes For The Homeless Inc appears trustworthy
85/100Mission Score
$57.5MRevenue
$16.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and could indicate incomplete compensation disclosure or a unique structure requiring further clarification.
Strengths
Consistent revenue growth over the past decade, indicating strong fundraising or grant acquisition capabilities.
Steady growth in assets, from $4,987,065 in 2015 to $13,040,136 in 2023, enhancing long-term stability.
Liabilities are well-managed relative to assets, maintaining a healthy financial position.
Operational expenses generally align with revenues, demonstrating responsible financial management.
Spending Breakdown
How Homes For The Homeless 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 Homes For The Homeless Inc
Is Homes For The Homeless Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes For The Homeless Inc (EIN: 133351420) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Homes For The Homeless Inc a good charity to donate to?
Homes For The Homeless Inc has a Mission Score of 85/100. Revenue: $57.5M. Assets: $16.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homes For The Homeless Inc?
The Employer Identification Number (EIN) for Homes For The Homeless Inc is 133351420. 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 Homes For The Homeless Inc spend its money?
Homes For The Homeless Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homes For The Homeless Inc's tax-exempt status?
You can verify Homes For The Homeless Inc's tax-exempt status using EIN 133351420 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
Homes For The Homeless Inc. demonstrates a consistent operational pattern, with revenues generally keeping pace with or slightly exceeding expenses in recent years, indicating stable financial management. For example, in 2023, revenues were $43,846,683 against expenses of $44,583,984, showing a slight deficit, while in 2022, revenues of $39,793,490 exceeded expenses of $39,576,531. The organization's assets have shown steady growth, from $4,987,065 in 2015 to $13,040,136 in 2023, suggesting increasing capacity. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and could indicate either a unique compensation structure or a reporting anomaly that warrants further investigation for full transparency. This lack of reported officer compensation, while potentially positive for resource allocation, also raises questions about the completeness of compensation disclosures for key management personnel.