Quick charity verification for Independent Health Foundation (EIN: 161417199)
Verdict: Independent Health Foundation appears trustworthy
90/100Mission Score
$2.9MRevenue
$1.6MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility in 2022 ($438,725) compared to surrounding years (e.g., $3,193,474 in 2021 and $3,242,982 in 2023).
Large fluctuation in assets from $4,775,300 in 2021 to $2,051,238 in 2022, which could indicate a major divestment or revaluation.
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to mission over executive pay.
Generally strong financial health with consistent revenue generation and positive net assets over a decade.
Revenue consistently exceeds expenses in most years, demonstrating effective financial management (e.g., 2023 revenue $3,242,982 vs. expenses $3,133,258).
Long history of IRS 990 filings (14 periods), indicating strong transparency and compliance.
Spending Breakdown
How Independent Health Foundation 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 Independent Health Foundation
Is Independent Health Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Health Foundation (EIN: 161417199) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Independent Health Foundation a good charity to donate to?
Independent Health Foundation has a Mission Score of 90/100. Revenue: $2.9M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Independent Health Foundation?
The Employer Identification Number (EIN) for Independent Health Foundation is 161417199. 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 Independent Health Foundation spend its money?
Independent Health Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Independent Health Foundation's tax-exempt status?
You can verify Independent Health Foundation's tax-exempt status using EIN 161417199 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 Independent Health Foundation demonstrates generally sound financial health, with consistent revenue generation over the past decade, averaging over $2 million annually. While there was a notable dip in revenue in 2022 to $438,725, this appears to be an anomaly, with revenue rebounding strongly to $3,242,982 in 2023. The organization consistently maintains positive net assets, indicating financial stability. Their spending efficiency appears robust, as evidenced by the consistent surplus of revenue over expenses in most years, such as in 2023 where revenue exceeded expenses by over $100,000.
The foundation's transparency is commendable, particularly regarding executive compensation. The filings consistently report 0% officer compensation, suggesting that leadership roles are either unpaid or compensated through other means not classified as officer compensation, which is a strong indicator of a mission-driven approach. The consistent filing of IRS Form 990s over 14 periods further enhances their transparency, providing a clear historical financial record for public scrutiny. The significant fluctuation in assets from $4,775,300 in 2021 to $2,051,238 in 2022, before recovering to $2,208,933 in 2023, warrants further investigation to understand the underlying causes, though it doesn't immediately suggest financial distress given the overall positive trend.