Significant unexplained expense spike in 2021 ($52,221) relative to typical operating costs.
Fluctuating and relatively low revenue streams, which could impact long-term program sustainability if not supplemented by asset income.
Strengths
Strong financial health with $687,259 in assets and consistently $0 in liabilities.
Exceptional spending efficiency with 0% officer compensation reported across all filings.
High program spending ratio, estimated at 90%, indicating a strong focus on mission-related activities.
Long operational history with 14 filings, suggesting stability and commitment.
Spending Breakdown
How Keene Downtown Housing Corporation 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 Keene Downtown Housing Corporation
Is Keene Downtown Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Keene Downtown Housing Corporation (EIN: 20364019) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Keene Downtown Housing Corporation a good charity to donate to?
Keene Downtown Housing Corporation has a Mission Score of 85/100. Revenue: $28K. Assets: $687K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Keene Downtown Housing Corporation?
The Employer Identification Number (EIN) for Keene Downtown Housing Corporation is 20364019. 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 Keene Downtown Housing Corporation spend its money?
Keene Downtown Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Keene Downtown Housing Corporation's tax-exempt status?
You can verify Keene Downtown Housing Corporation's tax-exempt status using EIN 20364019 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
Keene Downtown Housing Corporation appears to be a small, stable organization focused on its mission, as evidenced by its consistent asset base and minimal liabilities over the past decade. The organization's revenue has fluctuated, with a notable peak of $21,819 in 2019 and a more recent low of $2,605 in 2023. Expenses have generally been low, except for a significant spike to $52,221 in 2021, which warrants further investigation to understand the nature of this expenditure. The consistent reporting of zero officer compensation across all filings indicates a volunteer-led or very lean operational structure, contributing positively to spending efficiency. The organization's financial health seems robust given its substantial assets of $687,259 against zero liabilities, suggesting a strong balance sheet and long-term solvency. However, the relatively low and fluctuating revenue compared to its asset base suggests it might be primarily managing existing assets rather than actively fundraising for new programs, or its programs are low-cost.