Is Institute For The Puerto Rican Hispanic Elderly Inc Legit?
Quick charity verification for Institute For The Puerto Rican Hispanic Elderly Inc (EIN: 132987263)
Verdict: Institute For The Puerto Rican Hispanic Elderly Inc shows mixed signals
65/100Mission Score
$6.0MRevenue
$3.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., 2023, 2022, 2021, 2020, 2019, 2018, 2016, 2015, 2014).
Significant and growing liabilities, reaching $5,341,180 in 2023, which are considerably higher than assets ($2,787,527).
Negative net assets in several periods, indicating that liabilities exceed assets.
Strengths
Zero reported officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
Consistent revenue generation over several years, indicating a stable base of support.
Growth in assets over the past decade, from $77,481 in 2015 to $2,787,527 in 2023.
Spending Breakdown
How Institute For The Puerto Rican Hispanic Elderly Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Institute For The Puerto Rican Hispanic Elderly Inc
Is Institute For The Puerto Rican Hispanic Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute For The Puerto Rican Hispanic Elderly Inc (EIN: 132987263) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Institute For The Puerto Rican Hispanic Elderly Inc a good charity to donate to?
Institute For The Puerto Rican Hispanic Elderly Inc has a Mission Score of 65/100. Revenue: $6.0M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Institute For The Puerto Rican Hispanic Elderly Inc?
The Employer Identification Number (EIN) for Institute For The Puerto Rican Hispanic Elderly Inc is 132987263. 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 Institute For The Puerto Rican Hispanic Elderly Inc spend its money?
Institute For The Puerto Rican Hispanic Elderly Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Institute For The Puerto Rican Hispanic Elderly Inc's tax-exempt status?
You can verify Institute For The Puerto Rican Hispanic Elderly Inc's tax-exempt status using EIN 132987263 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 Institute For The Puerto Rican Hispanic Elderly Inc has demonstrated consistent operational deficits in recent years, with expenses exceeding revenue in most of its reported filings. For instance, in 2023, expenses were $6,281,434 against revenues of $5,515,656, indicating a significant deficit. This trend of spending more than it earns is a concern for long-term financial stability. The organization's assets have shown growth over the past decade, from $77,481 in 2015 to $2,787,527 in 2023, which is positive, but this growth is overshadowed by a substantial increase in liabilities, reaching $5,341,180 in 2023. This high level of liabilities relative to assets suggests potential financial strain.
The organization's transparency regarding executive compensation is strong, with 0% reported officer compensation across all available filings. This indicates that the organization's leadership is not drawing salaries from the nonprofit, which is a positive sign for donor confidence and resource allocation directly to programs. However, the consistent operational deficits and the growing liabilities warrant closer examination to understand the underlying causes and the organization's strategy for achieving financial sustainability.
While the lack of officer compensation is commendable, the overall financial health is challenged by the recurring deficits and increasing liabilities. A detailed breakdown of program, administrative, and fundraising expenses would provide further insight into spending efficiency, which is not readily available from the provided summary data. The NTEE code P810 suggests a focus on services for the elderly, which is a critical area, but the financial trends raise questions about the long-term viability of these services without addressing the financial imbalances.