Is Plymouth Bay Housing Corporation Legit?…

Quick charity verification for Plymouth Bay Housing Corporation (EIN: 10815503)

Strengths

Consistent asset growth over a decade, from $2,955,883 in 2014 to $3,330,295 in 2023.
Significant revenue growth in recent years, from $84,080 in 2020 to $202,331 in 2023.
No reported officer compensation across all available filings, indicating efficient use of funds.
Revenues consistently exceed expenses, demonstrating strong financial management and sustainability.
Long history of IRS 990 filings (13 filings), indicating good compliance and transparency.

Spending Breakdown

How Plymouth Bay Housing Corporation allocates its funds across programs, administration, and fundraising.

85%

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 Plymouth Bay Housing Corporation

Is Plymouth Bay Housing Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Plymouth Bay Housing Corporation (EIN: 10815503) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is Plymouth Bay Housing Corporation a good charity to donate to?

Plymouth Bay Housing Corporation has a Mission Score of 88/100. Revenue: $249K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Plymouth Bay Housing Corporation?

The Employer Identification Number (EIN) for Plymouth Bay Housing Corporation is 10815503. 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 Plymouth Bay Housing Corporation spend its money?

Plymouth Bay Housing Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Plymouth Bay Housing Corporation's tax-exempt status?

You can verify Plymouth Bay Housing Corporation's tax-exempt status using EIN 10815503 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

Plymouth Bay Housing Corporation demonstrates a consistent and healthy financial trajectory, with its assets steadily growing from $2,955,883 in 2014 to $3,330,295 in 2023. The organization's revenue has also shown significant growth, particularly in recent years, jumping from $84,080 in 2020 to $202,331 in 2023. This indicates increasing support and capacity. The organization's spending efficiency appears strong, with expenses consistently lower than revenue, allowing for asset accumulation. For instance, in 2023, expenses were $128,347 against revenues of $202,331, suggesting a good operational surplus.

Regarding transparency, the consistent filing of IRS 990 forms over 13 periods is a positive indicator. The absence of reported officer compensation across all available filings suggests that the organization is either entirely volunteer-run at the executive level or that compensation falls below reporting thresholds, which can be a sign of efficient resource allocation. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely assess the program spending ratio versus administrative and fundraising costs. Further detail on how the $128,347 in expenses for 2023 was allocated would enhance transparency.

Overall, Plymouth Bay Housing Corporation appears to be a financially stable and growing organization. Its consistent asset growth, increasing revenue, and lack of reported executive compensation are strong positive indicators. To further enhance transparency, a more granular breakdown of expenses would be beneficial for external analysis.

Is Plymouth Bay Housing Corporation Legit?

Verdict: Plymouth Bay Housing Corporation appears trustworthy

Red Flags