Is Homesharing Program Of Somerset County Inc Legit?
Quick charity verification for Homesharing Program Of Somerset County Inc (EIN: 222893508)
Verdict: Homesharing Program Of Somerset County Inc appears trustworthy
75/100Mission Score
$327KRevenue
$296KAssets
2Red Flags
3Strengths
Red Flags
The significant increase in liabilities from $38,170 in 2021 to $87,582 in 2023 warrants further investigation to understand the nature of these new obligations.
While assets have grown, the organization experienced a decrease in total assets from $396,622 in 2022 to $360,596 in 2023.
Strengths
The organization consistently reports 0% compensation for its highest-paid employees, demonstrating a strong commitment to directing funds towards its mission.
Total assets have shown a general upward trend over the past several years, from $120,098 in 2018 to $360,596 in 2023, indicating financial growth.
Revenue has remained relatively stable over the past five years, demonstrating consistent donor support and program funding.
Spending Breakdown
How Homesharing Program Of Somerset County Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Homesharing Program Of Somerset County Inc
Is Homesharing Program Of Somerset County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homesharing Program Of Somerset County Inc (EIN: 222893508) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Homesharing Program Of Somerset County Inc a good charity to donate to?
Homesharing Program Of Somerset County Inc has a Mission Score of 75/100. Revenue: $327K. Assets: $296K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homesharing Program Of Somerset County Inc?
The Employer Identification Number (EIN) for Homesharing Program Of Somerset County Inc is 222893508. 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 Homesharing Program Of Somerset County Inc spend its money?
Homesharing Program Of Somerset County Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homesharing Program Of Somerset County Inc's tax-exempt status?
You can verify Homesharing Program Of Somerset County Inc's tax-exempt status using EIN 222893508 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
Homesharing Program Of Somerset County Inc is a housing & shelter nonprofit based in Bridgewater, New Jersey, with reported revenue of $327K and assets of $296K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or extremely low-paid leadership, which is a positive for donor confidence. Revenue has grown +22% across 13 filing periods.