Quick charity verification for Meals On Wheels Of Staten Island Inc (EIN: 132894978)
Verdict: Meals On Wheels Of Staten Island Inc appears trustworthy
88/100Mission Score
$16.5MRevenue
$18.7MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into how leadership is compensated or structured.
Strengths
Consistent growth in net assets, increasing from $6.8 million in 2014 to $17.6 million in 2023, indicating strong financial management and sustainability.
Regularly operates with a surplus, as seen in 2023 (Revenue $6.1M, Expenses $5.6M), allowing for asset accumulation and financial stability.
Low liabilities relative to assets, with liabilities at $497,692 against assets of $17,623,626 in 2023, indicating a healthy balance sheet.
Strong revenue generation, consistently above $4 million annually, supporting their mission.
Spending Breakdown
How Meals On Wheels Of Staten Island 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
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 Meals On Wheels Of Staten Island Inc
Is Meals On Wheels Of Staten Island Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Meals On Wheels Of Staten Island Inc (EIN: 132894978) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Meals On Wheels Of Staten Island Inc a good charity to donate to?
Meals On Wheels Of Staten Island Inc has a Mission Score of 88/100. Revenue: $16.5M. Assets: $18.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Meals On Wheels Of Staten Island Inc?
The Employer Identification Number (EIN) for Meals On Wheels Of Staten Island Inc is 132894978. 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 Meals On Wheels Of Staten Island Inc spend its money?
Meals On Wheels Of Staten Island Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Meals On Wheels Of Staten Island Inc's tax-exempt status?
You can verify Meals On Wheels Of Staten Island Inc's tax-exempt status using EIN 132894978 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
Meals On Wheels Of Staten Island Inc demonstrates a generally healthy financial position with consistent revenue streams and growing assets. Over the past several years, the organization has shown a positive trend in net assets, increasing from $6.8 million in 2014 to over $17.6 million in 2023. Their revenue has fluctuated but generally remained robust, with the latest reported revenue at $6,149,313 in 2023. The organization consistently spends less than it earns, as evidenced by the 2023 period where expenses were $5,642,101 against revenues of $6,149,313, indicating sound financial management and the ability to build reserves.
While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the consistent growth in assets and positive net income suggest efficient use of funds. The absence of reported officer compensation across all filings is a notable point regarding transparency and resource allocation, implying that leadership may be volunteer-based or compensated through other means not categorized as 'Officer Comp' on the 990 summary. This practice, if true, could contribute to a higher percentage of funds directly supporting their mission.
Overall, the organization appears financially stable and well-managed, with a strong balance sheet and a history of operating within its means. The consistent growth in assets provides a solid foundation for future program delivery and sustainability. Further detailed analysis of their functional expense breakdown would provide a more precise understanding of their spending efficiency across program delivery, administration, and fundraising.