Is Miriam Osborn Memorial Home Association…

Quick charity verification for Miriam Osborn Memorial Home Association (EIN: 135562312)

Red Flags

Consistent operational deficits (expenses exceeding revenue) over the past decade, e.g., $56.1M expenses vs. $53.0M revenue in 2023.
Liabilities significantly exceed assets, with $231.0M in liabilities against $154.0M in assets in 2023, indicating potential financial risk.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data hinders full spending efficiency assessment.
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further scrutiny for transparency.

Spending Breakdown

How Miriam Osborn Memorial Home Association allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Miriam Osborn Memorial Home Association

Is Miriam Osborn Memorial Home Association a legitimate charity?

Based on AI analysis of IRS 990 filings, Miriam Osborn Memorial Home Association (EIN: 135562312) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Miriam Osborn Memorial Home Association a good charity to donate to?

Miriam Osborn Memorial Home Association has a Mission Score of 65/100. Revenue: $63.2M. Assets: $161.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Miriam Osborn Memorial Home Association?

The Employer Identification Number (EIN) for Miriam Osborn Memorial Home Association is 135562312. 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 Miriam Osborn Memorial Home Association spend its money?

Miriam Osborn Memorial Home Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Miriam Osborn Memorial Home Association's tax-exempt status?

You can verify Miriam Osborn Memorial Home Association's tax-exempt status using EIN 135562312 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

The Miriam Osborn Memorial Home Association has consistently reported expenses exceeding revenue over the past decade, indicating an operational deficit. For instance, in 2023, expenses were $56,166,151 against revenues of $53,023,028. This trend suggests a reliance on existing assets or other funding sources to cover operational costs. The organization's assets have shown some fluctuation but generally remain substantial, with $154,027,708 in 2023, though liabilities are significantly higher at $231,091,931. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is reported under different categories, which could impact the perception of transparency regarding executive pay.

Given the nature of a memorial home, a significant portion of expenses would likely be directed towards program services, such as resident care, facilities maintenance, and related support. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, it's challenging to precisely assess spending efficiency. However, the consistent operational deficit warrants closer examination to understand its long-term financial sustainability and how it impacts the organization's mission delivery. The high liabilities relative to assets also present a financial risk that should be monitored.

Transparency regarding the allocation of expenses (program vs. administrative vs. fundraising) is crucial for a comprehensive financial health assessment. The absence of reported officer compensation is a notable point, but further detail on how leadership is compensated, if at all, would enhance transparency. The consistent filing of IRS 990s demonstrates a commitment to regulatory compliance, which is a positive aspect of their transparency.

Is Miriam Osborn Memorial Home Association Legit?

Verdict: Miriam Osborn Memorial Home Association shows mixed signals