Is Long Island Housing Services Inc Legit?…

Quick charity verification for Long Island Housing Services Inc (EIN: 112494324)

Strengths

Consistent revenue growth, from $1,059,288 in 2014 to $2,258,620 in 2023.
Strong asset accumulation, reaching $1,855,848 in 2023.
Zero reported officer compensation across all filings, indicating high dedication to mission spending.
Healthy financial reserves with assets significantly exceeding liabilities ($1,855,848 assets vs. $356,530 liabilities in 2023).
Positive net income in most recent periods (e.g., $2,258,620 revenue vs. $1,876,820 expenses in 2023).

Spending Breakdown

How Long Island Housing Services Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Long Island Housing Services Inc

Is Long Island Housing Services Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Long Island Housing Services Inc (EIN: 112494324) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Long Island Housing Services Inc a good charity to donate to?

Long Island Housing Services Inc has a Mission Score of 90/100. Revenue: $2.2M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Long Island Housing Services Inc?

The Employer Identification Number (EIN) for Long Island Housing Services Inc is 112494324. 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 Long Island Housing Services Inc spend its money?

Long Island Housing Services Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Long Island Housing Services Inc's tax-exempt status?

You can verify Long Island Housing Services Inc's tax-exempt status using EIN 112494324 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

Long Island Housing Services Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years, culminating in $2,258,620 in revenue for the period ending June 2023. The organization consistently spends a significant portion of its budget on program services, indicating a strong commitment to its mission. For instance, in the 2023 period, expenses were $1,876,820 against revenue of $2,258,620, suggesting efficient use of funds. The organization's assets have also shown a healthy upward trend, reaching $1,855,848 in 2023, which provides a solid financial foundation.

The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This indicates that the highest-ranking individuals are not drawing salaries, which is an unusual but positive sign for donor confidence regarding executive pay. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall expense-to-revenue ratio suggests a lean operation. The consistent growth in assets and revenue, coupled with low liabilities relative to assets, points to a well-managed and financially sound nonprofit.

Overall, Long Island Housing Services Inc appears to be a financially healthy and responsibly managed organization. Its consistent growth, strong asset base, and apparent dedication to program spending, as evidenced by the lack of officer compensation, paint a positive picture for its financial health and mission effectiveness. The organization's financial trajectory suggests a sustainable model for its operations.

Is Long Island Housing Services Inc Legit?

Verdict: Long Island Housing Services Inc appears trustworthy