Quick charity verification for Homewood Living Spring House Inc (EIN: 205189952)
Verdict: Homewood Living Spring House Inc appears trustworthy
70/100Mission Score
$6.6MRevenue
$30.8MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in every reported year from 2014 to 2023.
Significant liabilities relative to annual revenue, though well-covered by total assets.
Strengths
Strong asset base, with assets of $31,061,198 in 2023.
No reported officer compensation, indicating potential for high transparency or volunteer leadership.
Consistent filing history (13 filings), demonstrating commitment to compliance.
Spending Breakdown
How Homewood Living Spring House 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 Homewood Living Spring House Inc
Is Homewood Living Spring House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homewood Living Spring House Inc (EIN: 205189952) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Homewood Living Spring House Inc a good charity to donate to?
Homewood Living Spring House Inc has a Mission Score of 70/100. Revenue: $6.6M. Assets: $30.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homewood Living Spring House Inc?
The Employer Identification Number (EIN) for Homewood Living Spring House Inc is 205189952. 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 Homewood Living Spring House Inc spend its money?
Homewood Living Spring House Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homewood Living Spring House Inc's tax-exempt status?
You can verify Homewood Living Spring House Inc's tax-exempt status using EIN 205189952 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
Homewood Living Spring House Inc. demonstrates consistent operational deficits, with expenses exceeding revenue in every reported period from 2014 to 2023. For instance, in 2023, expenses were $5,689,857 against revenues of $4,912,490, indicating a shortfall. While the organization maintains substantial assets, reaching $31,061,198 in 2023, its liabilities are also significant, standing at $14,261,329 in the same year. The consistent negative net income suggests a reliance on existing assets or other funding mechanisms not fully captured by the revenue figures to cover operational costs. The absence of reported officer compensation across all filings indicates strong financial transparency regarding executive pay, or that compensation is structured differently and not reported in this section.