Unusually low expenses relative to revenue in 2024 ($774,604 expenses vs $1,497,101 revenue) which, while positive for asset growth, could warrant a deeper look into the nature of the surplus and its planned use.
Strengths
Exceptional financial growth, with revenue increasing significantly from $411,060 in 2015 to $1,497,101 in 2024.
Strong asset accumulation, growing from $1,152,825 in 2015 to $2,804,857 in 2024, indicating robust financial stability.
Consistent reporting of 0% officer compensation, demonstrating a high level of transparency and dedication to mission-focused spending.
Low liabilities relative to assets, indicating a healthy balance sheet and minimal financial risk.
Positive net income in most periods, especially a substantial surplus in 2024, allowing for program expansion or reserves.
Spending Breakdown
How Homeshare Vermont 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 Homeshare Vermont Inc
Is Homeshare Vermont Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeshare Vermont Inc (EIN: 134287957) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Homeshare Vermont Inc a good charity to donate to?
Homeshare Vermont Inc has a Mission Score of 92/100. Revenue: $890K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homeshare Vermont Inc?
The Employer Identification Number (EIN) for Homeshare Vermont Inc is 134287957. 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 Homeshare Vermont Inc spend its money?
Homeshare Vermont Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homeshare Vermont Inc's tax-exempt status?
You can verify Homeshare Vermont Inc's tax-exempt status using EIN 134287957 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
Homeshare Vermont Inc demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In 2024, the organization reported revenue of $1,497,101 against expenses of $774,604, resulting in a significant surplus that contributed to a substantial increase in assets to $2,804,857. This growth indicates effective fundraising and financial management. The organization consistently maintains low liabilities relative to its assets, suggesting a stable financial position. Furthermore, the consistent reporting of 0% officer compensation across all available filings highlights a commitment to directing resources towards its mission rather than executive salaries, which is a strong indicator of transparency and donor trust.