Is New London Homeless Hospitalitycenter Inc Legit?
Quick charity verification for New London Homeless Hospitalitycenter Inc (EIN: 205606908)
Verdict: New London Homeless Hospitalitycenter Inc appears trustworthy
95/100Mission Score
$0Revenue
$0Assets
1Red Flags
5Strengths
Red Flags
Lack of detailed program, administrative, and fundraising expense breakdown in provided data (though overall financial health is strong)
Strengths
Consistent revenue growth, increasing from $1.3M in 2015 to $4.4M in 2023.
Healthy operating surpluses in most years, contributing to asset growth.
Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Strong asset growth, reaching $5.9M in 2023, demonstrating financial stability.
Manageable liabilities relative to assets.
Spending Breakdown
How New London Homeless Hospitalitycenter Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 New London Homeless Hospitalitycenter Inc
Is New London Homeless Hospitalitycenter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New London Homeless Hospitalitycenter Inc (EIN: 205606908) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is New London Homeless Hospitalitycenter Inc a good charity to donate to?
New London Homeless Hospitalitycenter Inc has a Mission Score of 95/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New London Homeless Hospitalitycenter Inc?
The Employer Identification Number (EIN) for New London Homeless Hospitalitycenter Inc is 205606908. 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 New London Homeless Hospitalitycenter Inc spend its money?
New London Homeless Hospitalitycenter Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New London Homeless Hospitalitycenter Inc's tax-exempt status?
You can verify New London Homeless Hospitalitycenter Inc's tax-exempt status using EIN 205606908 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
New London Homeless Hospitalitycenter Inc demonstrates a consistent pattern of financial growth and responsible management over the past decade. In the latest filing (202306), the organization reported revenue of $4,489,444 against expenses of $4,071,945, indicating a healthy operating surplus. This trend of revenue exceeding expenses is visible across multiple years, contributing to a steady increase in assets, which reached $5,936,474 in 2023. The organization's liabilities remain manageable relative to its assets, suggesting good financial stability.
The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, which is a significant indicator of resource allocation directly to mission-related activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health and consistent growth suggest effective use of funds. The absence of officer compensation also points to a high degree of transparency and commitment to maximizing direct service delivery.
Overall, New London Homeless Hospitalitycenter Inc exhibits robust financial health, with consistent revenue growth, increasing assets, and a notable commitment to minimizing administrative overhead by not compensating officers. This financial trajectory, coupled with the lack of officer compensation, suggests a well-managed and transparent organization focused on its mission.