Is Promesa Residential Health Care Facility Inc Legit?
Quick charity verification for Promesa Residential Health Care Facility Inc (EIN: 133676681)
Verdict: Promesa Residential Health Care Facility Inc shows mixed signals
60/100Mission Score
$13.1MRevenue
$18.6MAssets
2Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in multiple periods, e.g., $15.7M expenses vs. $10.7M revenue in 2023).
Significant and continuous decline in total assets over the past several years (from $44.5M in 2016 to $21.4M in 2023).
Strengths
Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Reported 0% officer compensation across all available filings, indicating no direct executive salaries from the organization's funds.
Spending Breakdown
How Promesa Residential Health Care Facility 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 Promesa Residential Health Care Facility Inc
Is Promesa Residential Health Care Facility Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Promesa Residential Health Care Facility Inc (EIN: 133676681) shows mixed signals. Mission Score: 60/100. 2 red flags identified, 2 strengths noted.
Is Promesa Residential Health Care Facility Inc a good charity to donate to?
Promesa Residential Health Care Facility Inc has a Mission Score of 60/100. Revenue: $13.1M. Assets: $18.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Promesa Residential Health Care Facility Inc?
The Employer Identification Number (EIN) for Promesa Residential Health Care Facility Inc is 133676681. 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 Promesa Residential Health Care Facility Inc spend its money?
Promesa Residential Health Care Facility Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Promesa Residential Health Care Facility Inc's tax-exempt status?
You can verify Promesa Residential Health Care Facility Inc's tax-exempt status using EIN 133676681 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
Promesa Residential Health Care Facility Inc has demonstrated consistent operational deficits over the past several years, with expenses frequently exceeding revenue. For instance, in 2023, expenses were $15,748,849 against revenues of $10,741,642, resulting in a significant deficit. This trend is concerning for long-term financial stability, as it has led to a notable decline in assets from a peak of $44,548,279 in 2016 to $21,455,179 in 2023. While the organization's NTEE code E91Z suggests a focus on residential care, the consistent deficits indicate a potential challenge in covering operational costs through its current revenue streams.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable positive aspect is the reported 0% officer compensation across all available filings, which suggests that executive leadership is not drawing salaries directly from the organization's funds, potentially indicating a volunteer-led or externally compensated leadership structure. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The declining asset base and persistent deficits warrant closer scrutiny regarding the sustainability of its operations.
Overall, Promesa Residential Health Care Facility Inc faces financial challenges due to ongoing operational deficits and a shrinking asset base. While executive compensation appears to be zero, which is a positive for transparency, the organization's ability to sustain its mission in the long term given its financial trends is a key concern. Further analysis of expense categories would be beneficial to understand where the majority of spending occurs and identify potential areas for efficiency improvements.