Quick charity verification for Niagara Lutheran Home Foundation Inc (EIN: 161315868)
Verdict: Niagara Lutheran Home Foundation Inc appears trustworthy
90/100Mission Score
$4.5MRevenue
$23.0MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation, which is unusual for an organization of this asset size and may indicate compensation is handled by a related entity, potentially obscuring the full financial picture.
Operating deficit in the latest 2023 fiscal period ($1,241,359 revenue vs. $1,337,552 expenses), indicating that expenses exceeded income for that year.
Strengths
Strong and growing asset base, reaching $22,107,161 in 2023, indicating long-term financial stability.
No reported officer compensation, suggesting a high percentage of funds are directed towards programs and mission.
History of significant revenue surpluses in multiple years (e.g., 2022 revenue $1,636,575 vs. expenses $811,027), contributing to asset growth.
Low liabilities relative to assets, with liabilities at $71,875 in 2023 against over $22 million in assets, indicating strong financial health.
Spending Breakdown
How Niagara Lutheran Home Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Niagara Lutheran Home Foundation Inc
Is Niagara Lutheran Home Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Niagara Lutheran Home Foundation Inc (EIN: 161315868) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Niagara Lutheran Home Foundation Inc a good charity to donate to?
Niagara Lutheran Home Foundation Inc has a Mission Score of 90/100. Revenue: $4.5M. Assets: $23.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Niagara Lutheran Home Foundation Inc?
The Employer Identification Number (EIN) for Niagara Lutheran Home Foundation Inc is 161315868. 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 Niagara Lutheran Home Foundation Inc spend its money?
Niagara Lutheran Home Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Niagara Lutheran Home Foundation Inc's tax-exempt status?
You can verify Niagara Lutheran Home Foundation Inc's tax-exempt status using EIN 161315868 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
Niagara Lutheran Home Foundation Inc. demonstrates a generally stable financial position with significant assets, totaling $22,107,161 in the latest 2023 filing. The organization has consistently reported positive net assets over the past decade, indicating good long-term financial health. However, there have been fluctuations in annual revenue and expenses, with the 2023 period showing expenses ($1,337,552) exceeding revenue ($1,241,359), resulting in a deficit for that year. This contrasts with previous years like 2022 and 2021 where revenue significantly outpaced expenses.
The organization's spending efficiency appears strong in terms of program focus, as there is no reported officer compensation, suggesting that a very high percentage of funds are directed towards its mission rather than executive salaries. The absence of officer compensation also points to a high degree of transparency regarding how funds are allocated, as this is often a point of scrutiny for nonprofits. While specific program spending percentages are not detailed in the provided data, the lack of executive compensation is a positive indicator of efficient resource allocation.
Overall, Niagara Lutheran Home Foundation Inc. appears to be a financially sound organization with a strong asset base and a commendable approach to executive compensation, which enhances its transparency and likely its program efficiency. The recent deficit in 2023 warrants monitoring, but the overall trend of asset growth and historical revenue surpluses suggests resilience.