Strong financial health with increasing net assets.
Spending Breakdown
How Old Friends 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 Old Friends Inc
Is Old Friends Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Friends Inc (EIN: 200049798) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Old Friends Inc a good charity to donate to?
Old Friends Inc has a Mission Score of 95/100. Revenue: $4.1M. Assets: $9.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Old Friends Inc?
The Employer Identification Number (EIN) for Old Friends Inc is 200049798. 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 Old Friends Inc spend its money?
Old Friends Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Old Friends Inc's tax-exempt status?
You can verify Old Friends Inc's tax-exempt status using EIN 200049798 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
Old Friends Inc. demonstrates a consistent pattern of financial growth and responsible management over the past decade. Their revenue has steadily increased from $1,310,457 in 2014 to $3,641,088 in 2023, with assets growing significantly from $1,959,878 to $5,393,517 in the same period. This indicates a healthy expansion of their operations and an ability to build reserves. The organization consistently spends less than it earns, as evidenced by their 2023 revenue of $3,641,088 against expenses of $3,240,372, contributing to their asset growth.
The organization's financial health appears robust, with a positive net asset position and a clear trend of increasing financial capacity. Their liabilities, while present, have not outpaced asset growth, suggesting prudent financial stewardship. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and a commitment to directing funds towards their mission rather than executive salaries, which is highly commendable for a nonprofit of its size.
Overall, Old Friends Inc. exhibits strong financial health, efficient spending practices, and a high degree of transparency regarding executive compensation. Their sustained growth in revenue and assets, coupled with responsible expense management, positions them well to continue their programmatic work effectively.