Is Purchase College Foundation Housing Corporation Legit?
Quick charity verification for Purchase College Foundation Housing Corporation (EIN: 134086734)
Verdict: Purchase College Foundation Housing Corporation appears trustworthy
85/100Mission Score
$6.0MRevenue
$7.5MAssets
2Red Flags
4Strengths
Red Flags
Consistently high liabilities relative to assets, such as $9,550,843 in liabilities against $15,267,762 in assets in 2023, indicating significant debt financing.
0% officer compensation reported across all filings, which is highly unusual for an organization with multi-million dollar revenues and could indicate a lack of transparency in leadership compensation reporting or an unsustainable volunteer model for an organization of this scale.
Strengths
Consistent revenue generation, with $5,165,600 in 2023, demonstrating stable operations.
No reported officer compensation, suggesting a strong commitment to directing funds towards its mission.
Stable operational expenses relative to revenue, indicating efficient management of resources.
Clear mission focus as a housing corporation (NTEE L20).
Spending Breakdown
How Purchase College Foundation Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Purchase College Foundation Housing Corporation
Is Purchase College Foundation Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Purchase College Foundation Housing Corporation (EIN: 134086734) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Purchase College Foundation Housing Corporation a good charity to donate to?
Purchase College Foundation Housing Corporation has a Mission Score of 85/100. Revenue: $6.0M. Assets: $7.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Purchase College Foundation Housing Corporation?
The Employer Identification Number (EIN) for Purchase College Foundation Housing Corporation is 134086734. 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 Purchase College Foundation Housing Corporation spend its money?
Purchase College Foundation Housing Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Purchase College Foundation Housing Corporation's tax-exempt status?
You can verify Purchase College Foundation Housing Corporation's tax-exempt status using EIN 134086734 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
Purchase College Foundation Housing Corporation demonstrates a consistent operational profile, primarily focused on housing services as indicated by its NTEE code L20. The organization's revenue has fluctuated over the past decade, with a notable dip in 2021 to $2,079,419 before recovering to $5,165,600 in 2023. Expenses have generally tracked revenue, indicating a stable operational model. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its stated purpose. However, the significant liabilities, such as $9,550,843 in 2023 against assets of $15,267,762, suggest a reliance on debt financing, which warrants closer examination. The organization's financial health appears stable, but its long-term debt structure is a key area for potential concern.