Is Praxis Housing Initiatives Inc Legit?

Quick charity verification for Praxis Housing Initiatives Inc (EIN: 133832223)

Verdict: Praxis Housing Initiatives Inc appears trustworthy

85/100Mission Score

$38.3MRevenue

$54.1MAssets

3Red Flags

3Strengths

Red Flags

Consistent 0% officer compensation reported, which is atypical for an organization of this size and revenue.
Significant increase in liabilities in the latest filing period (202306) without clear public explanation.
Expenses slightly exceeded revenue in the latest filing period (202306).

Strengths

Strong historical program spending, indicating mission focus.
Consistent revenue growth over the past decade, demonstrating organizational expansion.
Generally healthy financial position with revenues often exceeding expenses in prior years.

Spending Breakdown

How Praxis Housing Initiatives Inc 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 Praxis Housing Initiatives Inc

Is Praxis Housing Initiatives Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Praxis Housing Initiatives Inc (EIN: 133832223) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.

Is Praxis Housing Initiatives Inc a good charity to donate to?

Praxis Housing Initiatives Inc has a Mission Score of 85/100. Revenue: $38.3M. Assets: $54.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Praxis Housing Initiatives Inc?

The Employer Identification Number (EIN) for Praxis Housing Initiatives Inc is 133832223. 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 Praxis Housing Initiatives Inc spend its money?

Praxis Housing Initiatives Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Praxis Housing Initiatives Inc's tax-exempt status?

You can verify Praxis Housing Initiatives Inc's tax-exempt status using EIN 133832223 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

Praxis Housing Initiatives Inc. demonstrates a consistent pattern of strong program spending, indicating a focus on its mission. Over the past several years, the organization has generally maintained a healthy financial position, with revenues often exceeding or closely matching expenses. For instance, in 202206, revenue was $35,320,830 against expenses of $34,850,440, showing a slight surplus. However, the 202306 filing shows expenses ($34,813,032) slightly exceeding revenue ($34,144,791), which warrants monitoring. The significant increase in assets and liabilities in the 202306 period (Assets: $57,309,356, Liabilities: $48,249,951) compared to previous years (e.g., 202206 Assets: $18,010,382, Liabilities: $8,282,736) suggests a major expansion or acquisition, which should be clearly explained in their public disclosures for full transparency. The consistent reporting of 0% officer compensation across all filings is unusual and could indicate that executive compensation is reported under other categories or that the organization relies heavily on volunteer leadership, which would be a positive indicator of efficiency if true and clearly explained.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.