Quick charity verification for My Journey Home Inc (EIN: 201520396)
Verdict: My Journey Home Inc appears trustworthy
80/100Mission Score
$42KRevenue
$16KAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in recent periods (2020, 2021, 2022), indicating potential sustainability challenges if not addressed.
Significant fluctuation in revenue over time, making financial planning potentially difficult.
Strengths
Zero officer compensation across all reported periods, demonstrating a highly dedicated volunteer leadership.
No reported liabilities in most recent filings, indicating strong fiscal responsibility.
Consistent asset growth over time, from $1 in 2013 to $15,614 in 2022, building some financial reserves.
Long filing history (11 filings) indicates consistent operation and transparency.
Spending Breakdown
How My Journey Home 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 My Journey Home Inc
Is My Journey Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, My Journey Home Inc (EIN: 201520396) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is My Journey Home Inc a good charity to donate to?
My Journey Home Inc has a Mission Score of 80/100. Revenue: $42K. Assets: $16K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for My Journey Home Inc?
The Employer Identification Number (EIN) for My Journey Home Inc is 201520396. 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 My Journey Home Inc spend its money?
My Journey Home Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify My Journey Home Inc's tax-exempt status?
You can verify My Journey Home Inc's tax-exempt status using EIN 201520396 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
My Journey Home Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the organization has maintained zero officer compensation across all reported periods, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model. The organization's assets have shown growth, from $1 in 2013 to $15,614 in 2022, suggesting some financial stability, though it operates on a relatively small budget.
Financially, the organization has experienced fluctuations in revenue, with a notable peak in 2012 ($222,214) followed by a significant decrease in subsequent years, stabilizing around $20,000-$40,000 annually. In the latest period (2022), expenses ($49,473) exceeded revenue ($42,268), resulting in a deficit for the year. This trend of expenses exceeding revenue has been observed in several recent periods (2020, 2021, 2022), which could indicate a need for more robust fundraising or tighter expense management to ensure long-term sustainability. However, the absence of liabilities across most periods is a positive sign of fiscal responsibility.
Overall, My Journey Home Inc. appears to be a transparent organization, particularly regarding executive compensation. Its small scale and reliance on non-compensated officers suggest a high dedication to its mission. The primary area for improvement would be to ensure consistent revenue generation to cover expenses and build reserves, especially given the recent trend of operating deficits.