Quick charity verification for Mirci Group Homes Inc (EIN: 202024216)
Verdict: Mirci Group Homes Inc has notable concerns
35/100Mission Score
$139KRevenue
$631KAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in multiple periods (e.g., 202406, 202212).
Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $846,134 liabilities vs. $675,368 assets in 202406).
Declining asset base over time, from $792,150 in 201512 to $675,368 in 202406.
Long-term financial instability suggested by a decade of consistent deficits and asset erosion.
Strengths
Excellent executive compensation efficiency, with 0% officer compensation reported across all filings.
Long operational history with 14 IRS 990 filings, indicating sustained presence.
Spending Breakdown
How Mirci Group Homes Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Mirci Group Homes Inc
Is Mirci Group Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mirci Group Homes Inc (EIN: 202024216) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Mirci Group Homes Inc a good charity to donate to?
Mirci Group Homes Inc has a Mission Score of 35/100. Revenue: $139K. Assets: $631K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mirci Group Homes Inc?
The Employer Identification Number (EIN) for Mirci Group Homes Inc is 202024216. 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 Mirci Group Homes Inc spend its money?
Mirci Group Homes Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mirci Group Homes Inc's tax-exempt status?
You can verify Mirci Group Homes Inc's tax-exempt status using EIN 202024216 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
Mirci Group Homes Inc. exhibits a concerning financial trend, consistently operating at a deficit over the past several years. For instance, in the 202406 period, expenses ($79,856) exceeded revenue ($69,380), and similar patterns are observed in previous years, such as 202212 (revenue $107,680 vs. expenses $135,476). This sustained deficit spending, coupled with liabilities consistently exceeding assets (e.g., $846,134 liabilities vs. $675,368 assets in 202406), indicates a precarious financial position and raises questions about long-term sustainability. The organization's assets have also shown a declining trend over time, from $792,150 in 201512 to $675,368 in 202406.
While the organization reports 0% officer compensation across all available filings, which suggests efficient use of funds at the executive level, the overall financial health is weak. The consistent decline in assets and the growing gap between liabilities and assets are significant red flags. Without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency beyond the executive compensation. However, the persistent operational losses are a primary concern for financial stability and impact.
Transparency regarding executive compensation is excellent, with no reported officer compensation. However, the lack of detailed expense breakdowns in the provided data limits a comprehensive assessment of overall spending efficiency across different categories. The consistent financial deficits and declining asset base suggest a need for improved financial management and potentially a re-evaluation of funding strategies to ensure the organization's future viability.