Is Honolulu Fire Department Welfarefund…

Quick charity verification for Honolulu Fire Department Welfarefund (EIN: 205498993)

Spending Breakdown

How Honolulu Fire Department Welfarefund allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Honolulu Fire Department Welfarefund

Is Honolulu Fire Department Welfarefund a legitimate charity?

Based on AI analysis of IRS 990 filings, Honolulu Fire Department Welfarefund (EIN: 205498993) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Honolulu Fire Department Welfarefund a good charity to donate to?

Honolulu Fire Department Welfarefund has a Mission Score of 90/100. Revenue: $61K. Assets: $790K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Honolulu Fire Department Welfarefund?

The Employer Identification Number (EIN) for Honolulu Fire Department Welfarefund is 205498993. 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 Honolulu Fire Department Welfarefund spend its money?

Honolulu Fire Department Welfarefund allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Honolulu Fire Department Welfarefund's tax-exempt status?

You can verify Honolulu Fire Department Welfarefund's tax-exempt status using EIN 205498993 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

The Honolulu Fire Department Welfarefund demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. In 2023, the organization reported $60,068 in revenue against $33,093 in expenses, indicating a surplus that contributes to its growing assets, which stood at $779,179. The organization consistently reports zero liabilities, which is a strong indicator of financial health and low risk. The absence of officer compensation further suggests that the organization's resources are primarily directed towards its mission, rather than administrative overhead related to executive salaries.

The organization's spending efficiency appears strong, especially given the consistent surplus generation. While a detailed breakdown of program versus administrative spending isn't provided in the summary data, the lack of officer compensation implies a lean operational structure. The consistent growth in assets over the past decade, from $503,867 in 2014 to $779,179 in 2023, reflects prudent financial management and an ability to build reserves. This financial stability allows the organization to maintain its welfare activities without relying heavily on new fundraising efforts each year.

Transparency is generally good, with consistent IRS 990 filings showing clear financial figures and no reported liabilities. The NTEE code Y43 (Public Safety, Disaster Preparedness & Relief) suggests a clear mission focus. The absence of officer compensation is a key transparency strength, indicating that the organization is not burdened by high executive salaries. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is limited.

Is Honolulu Fire Department Welfarefund Legit?

Verdict: Honolulu Fire Department Welfarefund appears trustworthy

Strengths