Quick charity verification for Magdalene House Of Charleston (EIN: 141973671)
Verdict: Magdalene House Of Charleston appears trustworthy
88/100Mission Score
$125KRevenue
$188KAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (202312), with expenses exceeding revenue by $18,194.
Strengths
Consistent 0% officer compensation, indicating strong commitment to mission and efficient use of funds.
Positive net assets ($83,106 in 202312), providing a financial cushion.
Long history of IRS 990 filings (12 filings), demonstrating transparency and compliance.
Growth in assets over time, from $2,054 in 201312 to $203,595 in 202312.
Spending Breakdown
How Magdalene House Of Charleston 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 Magdalene House Of Charleston
Is Magdalene House Of Charleston a legitimate charity?
Based on AI analysis of IRS 990 filings, Magdalene House Of Charleston (EIN: 141973671) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Magdalene House Of Charleston a good charity to donate to?
Magdalene House Of Charleston has a Mission Score of 88/100. Revenue: $125K. Assets: $188K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Magdalene House Of Charleston?
The Employer Identification Number (EIN) for Magdalene House Of Charleston is 141973671. 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 Magdalene House Of Charleston spend its money?
Magdalene House Of Charleston allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Magdalene House Of Charleston's tax-exempt status?
You can verify Magdalene House Of Charleston's tax-exempt status using EIN 141973671 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
Magdalene House Of Charleston demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization reported expenses of $134,354 against revenues of $116,160, indicating a deficit for the year. However, over the past five years, the organization has generally managed its finances well, with revenues often exceeding expenses, such as in 202212 where revenue was $148,502 and expenses were $102,832. The organization's assets have shown growth over time, reaching $203,595 in 202312, which provides a reasonable financial cushion relative to its operational scale.
The organization's transparency is strong, particularly regarding executive compensation, which has consistently been reported as 0%. This indicates a volunteer-led or very lean administrative structure at the top. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the overall financial picture suggests a focus on direct services given the absence of officer compensation. The consistent filing of IRS Form 990s over 12 periods also points to good governance and adherence to reporting requirements.