Quick charity verification for Madison Morgan County Caring Place Inc (EIN: 161782014)
Verdict: Madison Morgan County Caring Place Inc appears trustworthy
95/100Mission Score
$145KRevenue
$530KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth (from $291,117 in 2019 to $495,493 in 2023)
Zero officer compensation reported across all filings
No reported liabilities in any filing period
Expenses consistently well below revenue, leading to surpluses
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Madison Morgan County Caring Place Inc 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 Madison Morgan County Caring Place Inc
Is Madison Morgan County Caring Place Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison Morgan County Caring Place Inc (EIN: 161782014) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Madison Morgan County Caring Place Inc a good charity to donate to?
Madison Morgan County Caring Place Inc has a Mission Score of 95/100. Revenue: $145K. Assets: $530K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Madison Morgan County Caring Place Inc?
The Employer Identification Number (EIN) for Madison Morgan County Caring Place Inc is 161782014. 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 Madison Morgan County Caring Place Inc spend its money?
Madison Morgan County Caring Place Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Madison Morgan County Caring Place Inc's tax-exempt status?
You can verify Madison Morgan County Caring Place Inc's tax-exempt status using EIN 161782014 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
Madison Morgan County Caring Place Inc demonstrates consistent financial health and strong program focus. Over the past five years, the organization has shown a healthy trend of increasing assets, from $291,117 in 2019 to $495,493 in 2023, indicating sound financial management and growth. Their revenue has fluctuated but generally remained robust, with the latest reported revenue at $113,040 in 2023. A significant strength is their extremely efficient spending, with expenses consistently well below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $77,650 against $113,040 in revenue, resulting in a surplus that contributes to their growing asset base.
The organization's spending efficiency is exemplary, as evidenced by their consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of their funds are directed towards their mission and operational costs rather than executive salaries. The absence of liabilities in all reported periods further underscores their strong financial position and responsible fiscal management. While specific program spending ratios aren't detailed in the provided data, the lack of officer compensation and growing assets strongly imply a high percentage of funds are dedicated to their charitable purpose. Their consistent filing history also points to good transparency practices.