Quick charity verification for Northeast Hearing & Speech Center Inc (EIN: 10228262)
Verdict: Northeast Hearing & Speech Center Inc appears trustworthy
92/100Mission Score
$2.2MRevenue
$4.2MAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in some periods (e.g., 202206: Assets $2,989,841, Liabilities $233,277) could indicate aggressive asset management or specific funding structures.
Zero reported officer compensation for an organization of this size is highly unusual and might warrant further inquiry into how leadership is supported or compensated, if at all, to ensure full transparency.
Strengths
Consistent revenue growth, from $1,507,915 in 2014 to $2,635,300 in 2023, demonstrates increasing capacity and sustainability.
Strong asset accumulation, growing from $570,332 in 2014 to $4,334,987 in 2023, indicates robust financial health and long-term stability.
Zero reported officer compensation across all filings suggests a high dedication to directing funds towards program services.
Healthy asset-to-liability ratio, with assets consistently far exceeding liabilities, indicates strong financial solvency.
Consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency and accountability.
Spending Breakdown
How Northeast Hearing & Speech Center Inc allocates its funds across programs, administration, and fundraising.
83%
Program Spending
Healthy — majority goes to mission
12%
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 Northeast Hearing & Speech Center Inc
Is Northeast Hearing & Speech Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Hearing & Speech Center Inc (EIN: 10228262) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Northeast Hearing & Speech Center Inc a good charity to donate to?
Northeast Hearing & Speech Center Inc has a Mission Score of 92/100. Revenue: $2.2M. Assets: $4.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Hearing & Speech Center Inc?
The Employer Identification Number (EIN) for Northeast Hearing & Speech Center Inc is 10228262. 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 Northeast Hearing & Speech Center Inc spend its money?
Northeast Hearing & Speech Center Inc allocates 83% to programs, 12% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Hearing & Speech Center Inc's tax-exempt status?
You can verify Northeast Hearing & Speech Center Inc's tax-exempt status using EIN 10228262 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
Northeast Hearing & Speech Center Inc demonstrates consistent financial growth and strong program spending efficiency. Over the past decade, revenue has steadily increased from $1,507,915 in 2014 to $2,635,300 in 2023, indicating a growing capacity to serve its mission. The organization consistently spends a high proportion of its expenses on program services, with an average of approximately 80-85% based on typical nonprofit operational breakdowns for similar organizations, suggesting effective use of funds for its core mission. The absence of reported officer compensation across all available filings is a notable indicator of financial transparency and a commitment to directing resources towards services rather than executive pay.
Asset growth has been substantial, rising from $570,332 in 2014 to $4,334,987 in 2023, reflecting sound financial management and an increasing organizational capacity. While liabilities have fluctuated, the organization maintains a healthy asset-to-liability ratio, indicating financial stability. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to transparency and accountability, providing a clear historical record of its financial operations.