Quick charity verification for Portage Homes For Elderly Inc (EIN: 204698478)
Verdict: Portage Homes For Elderly Inc shows mixed signals
45/100Mission Score
$100KRevenue
$1.2MAssets
4Red Flags
3Strengths
Red Flags
Consistent operational deficits (e.g., $35,669 in 2023) where expenses significantly exceed revenue.
Declining asset base over time, from $1,701,584 in 2014 to $1,323,594 in 2023.
High and stable liabilities (around $1.89 million) relative to declining assets, indicating potential solvency issues.
Negative net income for all reported periods, suggesting an unsustainable financial model without external intervention or significant changes.
Strengths
No reported officer compensation, indicating volunteer leadership and potentially lower administrative costs.
Consistent filing of IRS Form 990s, demonstrating a commitment to regulatory transparency.
Long operational history with 13 filings, suggesting established presence in the community.
Spending Breakdown
How Portage Homes For Elderly 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
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 Portage Homes For Elderly Inc
Is Portage Homes For Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Portage Homes For Elderly Inc (EIN: 204698478) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
Is Portage Homes For Elderly Inc a good charity to donate to?
Portage Homes For Elderly Inc has a Mission Score of 45/100. Revenue: $100K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Portage Homes For Elderly Inc?
The Employer Identification Number (EIN) for Portage Homes For Elderly Inc is 204698478. 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 Portage Homes For Elderly Inc spend its money?
Portage Homes For Elderly Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Portage Homes For Elderly Inc's tax-exempt status?
You can verify Portage Homes For Elderly Inc's tax-exempt status using EIN 204698478 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
Portage Homes For Elderly Inc consistently operates with a significant deficit, with expenses regularly exceeding revenue. For example, in 2023, expenses were $129,764 against revenues of $94,095, resulting in a $35,669 deficit. This trend is consistent across all reported years, indicating a reliance on drawing down assets or increasing liabilities to cover operational costs. The organization's assets have steadily declined from $1,701,584 in 2014 to $1,323,594 in 2023, while liabilities have remained consistently high, hovering around $1.89 million. This financial structure suggests long-term solvency challenges if the revenue-expense gap persists.
The organization reports 0% officer compensation across all filings, which is a positive indicator of volunteer leadership and potentially lower administrative overhead. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency is limited. The consistent deficits and declining asset base are significant concerns for financial health, despite the apparent lack of executive compensation.
Transparency is generally good given the consistent filing of IRS Form 990s. However, the lack of detailed expense categories in the provided data prevents a deeper analysis of how funds are allocated between programs, administration, and fundraising. The consistent negative net income and high liabilities relative to assets warrant further investigation into the organization's long-term financial strategy and funding sources.