Is Housing For The Elderly And Handicapped Of Newport Legit?
Quick charity verification for Housing For The Elderly And Handicapped Of Newport (EIN: 20324936)
Verdict: Housing For The Elderly And Handicapped Of Newport appears trustworthy
90/100Mission Score
$676KRevenue
$3.0MAssets
1Red Flags
4Strengths
Red Flags
NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
Consistent financial surplus, indicating sound management (e.g., $45,205 in 2023).
Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs.
Steady growth in assets over the past decade, from $2,065,723 in 2014 to $2,898,739 in 2023.
Consistent filing of IRS 990s, demonstrating good transparency.
Spending Breakdown
How Housing For The Elderly And Handicapped Of Newport allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Housing For The Elderly And Handicapped Of Newport
Is Housing For The Elderly And Handicapped Of Newport a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing For The Elderly And Handicapped Of Newport (EIN: 20324936) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Housing For The Elderly And Handicapped Of Newport a good charity to donate to?
Housing For The Elderly And Handicapped Of Newport has a Mission Score of 90/100. Revenue: $676K. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Housing For The Elderly And Handicapped Of Newport?
The Employer Identification Number (EIN) for Housing For The Elderly And Handicapped Of Newport is 20324936. 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 Housing For The Elderly And Handicapped Of Newport spend its money?
Housing For The Elderly And Handicapped Of Newport allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Housing For The Elderly And Handicapped Of Newport's tax-exempt status?
You can verify Housing For The Elderly And Handicapped Of Newport's tax-exempt status using EIN 20324936 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
Housing For The Elderly And Handicapped Of Newport demonstrates consistent financial stability, with assets steadily growing from $2,065,723 in 2014 to $2,898,739 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $583,492 exceeded expenses of $538,287. This indicates sound financial management and the ability to build reserves for future operations.
The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that resources are primarily directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of efficiency.
Transparency is generally good, with a consistent history of 13 IRS 990 filings. The lack of reported officer compensation enhances trust, as it suggests a volunteer-led or very lean administrative structure. Further transparency would involve a detailed breakdown of expenses to fully assess program spending ratios.