Quick charity verification for Homes For The Homeless Institute Inc (EIN: 133958797)
Verdict: Homes For The Homeless Institute Inc appears trustworthy
85/100Mission Score
$12.9MRevenue
$71.7MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities from $720,481 in 2015 to $18,512,181 in 2023, warranting further scrutiny.
Consistent reporting of 0% officer compensation for an organization with over $10 million in annual revenue and $70 million in assets, which is highly unusual and may indicate alternative compensation structures or reliance on external entities for leadership.
Strengths
Consistent asset growth, from $31.1 million in 2011 to $70.1 million in 2023, indicating financial stability and capacity.
No reported officer compensation, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
Clear alignment between organization name and NTEE code (L50 - Homeless Services), indicating a focused mission.
Generally positive net income in recent years, such as 2023 ($10,091,761 revenue vs. $8,437,718 expenses), demonstrating sound financial management.
Spending Breakdown
How Homes For The Homeless Institute 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 Institute Inc
Is Homes For The Homeless Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homes For The Homeless Institute Inc (EIN: 133958797) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Homes For The Homeless Institute Inc a good charity to donate to?
Homes For The Homeless Institute Inc has a Mission Score of 85/100. Revenue: $12.9M. Assets: $71.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homes For The Homeless Institute Inc?
The Employer Identification Number (EIN) for Homes For The Homeless Institute Inc is 133958797. 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 Institute Inc spend its money?
Homes For The Homeless Institute 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 Institute Inc's tax-exempt status?
You can verify Homes For The Homeless Institute Inc's tax-exempt status using EIN 133958797 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 Institute Inc. demonstrates a generally stable financial position, with assets growing from $31.1 million in 2011 to over $70 million in 2023. The organization consistently reports no officer compensation, which is a significant positive indicator for transparency and efficient use of funds, as it suggests a volunteer or externally funded leadership structure. While revenue and expenses have fluctuated, the organization has largely maintained a positive net income in recent years, such as in 2023 where revenue was $10,091,761 against expenses of $8,437,718. However, the liability trend, increasing from under $1 million in 2011-2015 to over $18 million in 2023, warrants closer examination to understand the nature of these obligations and their potential impact on long-term financial health. The NTEE code L50 (Homeless Services) aligns with the organization's name, suggesting a clear program focus.