Quick charity verification for Pleasant Street Housing Inc (EIN: 10406611)
Verdict: Pleasant Street Housing Inc appears trustworthy
70/100Mission Score
$284KRevenue
$547KAssets
3Red Flags
3Strengths
Red Flags
Consistent net deficits (e.g., $394,842 expenses vs. $358,664 revenue in 2023).
Liabilities consistently exceed assets (e.g., $1,011,952 liabilities vs. $616,814 assets in 2023).
Declining asset base over the past decade (from $865,276 in 2014 to $616,814 in 2023).
Strengths
0% officer compensation reported across all filings, indicating high efficiency in executive pay.
Consistent operation and filing history over 13 periods, demonstrating longevity.
Clear focus on mission with resources directed away from executive salaries.
Spending Breakdown
How Pleasant Street Housing Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Pleasant Street Housing Inc
Is Pleasant Street Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pleasant Street Housing Inc (EIN: 10406611) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Pleasant Street Housing Inc a good charity to donate to?
Pleasant Street Housing Inc has a Mission Score of 70/100. Revenue: $284K. Assets: $547K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pleasant Street Housing Inc?
The Employer Identification Number (EIN) for Pleasant Street Housing Inc is 10406611. 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 Pleasant Street Housing Inc spend its money?
Pleasant Street Housing Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pleasant Street Housing Inc's tax-exempt status?
You can verify Pleasant Street Housing Inc's tax-exempt status using EIN 10406611 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
Pleasant Street Housing Inc. demonstrates consistent financial activity focused on its mission of providing housing. The organization's revenue has fluctuated, with a notable increase to $358,664 in 2023 from $255,113 in 2022, indicating potential growth or increased funding. However, expenses have often exceeded revenue, as seen in 2023 where expenses were $394,842 against $358,664 in revenue, leading to a net deficit. This trend of expenses frequently surpassing revenue suggests a need for careful financial management to ensure long-term sustainability. The organization's assets have shown a declining trend over the years, from $865,276 in 2014 to $616,814 in 2023, while liabilities have remained consistently high, often exceeding assets, which is a significant concern for financial stability. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards programs rather than executive salaries, which is a positive sign for donor confidence and transparency.