Quick charity verification for Preble Street (EIN: 10418917)
Verdict: Preble Street appears trustworthy
95/100Mission Score
$30.6MRevenue
$36.9MAssets
1Red Flags
5Strengths
Red Flags
Unusually low liabilities relative to assets in earlier years, which then increased significantly, warranting further investigation into the nature of these liabilities.
Strengths
Consistent revenue growth, nearly tripling from 2014 to 2023.
Significant asset accumulation, indicating strong financial reserves and capacity.
Remarkable 0% officer compensation reported across all filings, suggesting high efficiency and mission focus.
Healthy surplus of revenue over expenses in most recent filings, contributing to financial stability.
Strong NTEE code (P300 - Housing & Shelter) aligns with direct community service.
Spending Breakdown
How Preble Street allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Preble Street
Is Preble Street a legitimate charity?
Based on AI analysis of IRS 990 filings, Preble Street (EIN: 10418917) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Preble Street a good charity to donate to?
Preble Street has a Mission Score of 95/100. Revenue: $30.6M. Assets: $36.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Preble Street?
The Employer Identification Number (EIN) for Preble Street is 10418917. 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 Preble Street spend its money?
Preble Street allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Preble Street's tax-exempt status?
You can verify Preble Street's tax-exempt status using EIN 10418917 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
Preble Street demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. In the most recent filing (202306), the organization reported revenues of $28,683,069 against expenses of $24,420,543, indicating a healthy surplus that contributes to its growing asset base of $36,664,368. This financial stability allows for sustained program delivery.
The organization appears to be highly efficient in its spending, with a significant portion of its budget likely directed towards program services, given the substantial difference between revenue and expenses. The consistent reporting of 0% officer compensation across all available filings suggests a strong focus on directing funds to beneficiaries rather than executive salaries, which is a positive indicator of financial stewardship and transparency. The growth in assets from $12,599,255 in 2019 to $36,664,368 in 2023 further solidifies its financial strength and capacity to serve its community.