Is Parree Porter Sr Housing Inc Legit? —…

Quick charity verification for Parree Porter Sr Housing Inc (EIN: 204293550)

Spending Breakdown

How Parree Porter Sr Housing Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Parree Porter Sr Housing Inc

Is Parree Porter Sr Housing Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Parree Porter Sr Housing Inc (EIN: 204293550) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is Parree Porter Sr Housing Inc a good charity to donate to?

Parree Porter Sr Housing Inc has a Mission Score of 60/100. Revenue: $598K. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Parree Porter Sr Housing Inc?

The Employer Identification Number (EIN) for Parree Porter Sr Housing Inc is 204293550. 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 Parree Porter Sr Housing Inc spend its money?

Parree Porter Sr Housing Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Parree Porter Sr Housing Inc's tax-exempt status?

You can verify Parree Porter Sr Housing Inc's tax-exempt status using EIN 204293550 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

Parree Porter Sr Housing Inc, operating in Washington, NC, demonstrates a consistent operational deficit over the past decade, with expenses regularly exceeding revenue. For instance, in 2023, expenses were $631,031 against revenues of $524,496, resulting in a deficit of over $100,000. This trend has led to a gradual decline in assets, from $5,567,069 in 2014 to $4,409,474 in 2023, while liabilities have remained relatively stable and high, consistently around $6.3 million. The organization's NTEE code L22 suggests a focus on housing for the elderly, which is a critical service. However, the sustained financial losses and declining asset base, coupled with high liabilities, raise concerns about long-term financial sustainability.

The organization's transparency appears adequate through its consistent 990 filings. A notable positive is the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing a salary from the organization, which can be a sign of dedication to the mission and efficient use of funds. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, it's challenging to fully assess spending efficiency beyond the overall deficit. The high liabilities relative to assets also warrant closer examination to understand their nature and repayment schedule.

While the mission of providing senior housing is vital, the financial trajectory suggests a need for strategic intervention to address the recurring deficits and stabilize the asset base. The consistent operational losses, if not addressed, could eventually impact the organization's ability to maintain its facilities and services. Further analysis of the specific sources of revenue and categories of expenses would provide a more complete picture of its financial health and operational efficiency.

Is Parree Porter Sr Housing Inc Legit?

Verdict: Parree Porter Sr Housing Inc shows mixed signals

Red Flags

Strengths