Is Redington East Homeowners Association Inc Legit?
Quick charity verification for Redington East Homeowners Association Inc (EIN: 10392895)
Verdict: Redington East Homeowners Association Inc appears trustworthy
85/100Mission Score
$154KRevenue
$29KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin) in provided summary data
Strengths
Consistent IRS 990 filing history (13 filings)
Zero officer compensation, indicating volunteer leadership and low overhead
No reported liabilities across all filing periods
Consistent operation near break-even, indicating responsible financial management
Stable revenue base over the past decade
Spending Breakdown
How Redington East Homeowners Association Inc 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 Redington East Homeowners Association Inc
Is Redington East Homeowners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Redington East Homeowners Association Inc (EIN: 10392895) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Redington East Homeowners Association Inc a good charity to donate to?
Redington East Homeowners Association Inc has a Mission Score of 85/100. Revenue: $154K. Assets: $29K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Redington East Homeowners Association Inc?
The Employer Identification Number (EIN) for Redington East Homeowners Association Inc is 10392895. 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 Redington East Homeowners Association Inc spend its money?
Redington East Homeowners Association Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Redington East Homeowners Association Inc's tax-exempt status?
You can verify Redington East Homeowners Association Inc's tax-exempt status using EIN 10392895 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
Redington East Homeowners Association Inc. demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade. For the latest reported period (202309), the organization had revenues of $114,960 against expenses of $111,853, indicating a slight surplus. While the organization's assets are modest, reported at $41,263 in 202309, they have shown some fluctuation, peaking at $52,750 in 202009. The consistent reporting of zero liabilities across all filings suggests a healthy balance sheet with no outstanding debt, which is a positive indicator for financial stability. The absence of officer compensation further suggests that the organization is likely run by volunteers, which can contribute to lower administrative costs and a higher proportion of funds directed towards its core purpose, which for a homeowners association would be community maintenance and services.
The organization's financial health appears stable, operating near break-even most years. Its spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which are not provided in the summary data. However, the consistent low overhead implied by zero officer compensation is a positive sign. Transparency is generally good given the consistent filing of IRS Form 990s over 13 periods, providing a long history of financial data for public review. The lack of liabilities is a strong point, indicating responsible financial management and no reliance on debt.