Is Oswego Health Inc Legit?

Strengths

Significant revenue growth in recent years, from $42,671 in 2020 to $4,933,992 in 2023.
Consistent positive net income, with revenues generally exceeding expenses.
Healthy asset growth, increasing from $1.7 million in 2014 to $3.9 million in 2023.
Strong financial stability with assets significantly outweighing liabilities (e.g., $3,947,777 assets vs. $950,114 liabilities in 2023).

Spending Breakdown

How Oswego Health Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Oswego Health Inc

Is Oswego Health Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Oswego Health Inc (EIN: 161555936) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Oswego Health Inc a good charity to donate to?

Oswego Health Inc has a Mission Score of 85/100. Revenue: $7.3M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Oswego Health Inc?

The Employer Identification Number (EIN) for Oswego Health Inc is 161555936. 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 Oswego Health Inc spend its money?

Oswego Health Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Oswego Health Inc's tax-exempt status?

You can verify Oswego Health Inc's tax-exempt status using EIN 161555936 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

Oswego Health Inc. demonstrates a fluctuating but generally positive financial trajectory, particularly in recent years. Revenue has seen significant growth, jumping from $42,671 in 2020 to $4,933,992 in 2023, indicating a substantial increase in operational scale or funding. The organization consistently reports positive net income, with revenues exceeding expenses in most periods, contributing to a steady increase in assets from $1,710,934 in 2014 to $3,947,777 in 2023. This suggests sound financial management and an ability to build reserves.

Spending efficiency appears strong, as the organization consistently manages to keep expenses below revenue, allowing for asset accumulation. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, suggesting either a volunteer-led executive team or compensation being reported under different categories not explicitly detailed as 'Officer Comp' in the provided data. This could be a strength in terms of minimizing administrative overhead, but also warrants further investigation for complete transparency.

Transparency regarding executive compensation is high given the 0% reported, though a deeper dive into how leadership is compensated, if at all, would provide a more complete picture. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory compliance and public disclosure, which is a positive indicator of transparency.

Verdict: Oswego Health Inc appears trustworthy

Red Flags