Is Rockaway Home Attendant Services Inc Legit?

Quick charity verification for Rockaway Home Attendant Services Inc (EIN: 112515063)

Verdict: Rockaway Home Attendant Services Inc appears trustworthy

85/100Mission Score
$42.5MRevenue
$43.1MAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Rockaway Home Attendant Services Inc demonstrates consistent financial growth over the past decade, with revenue increasing from $16.6 million in 2014 to $36.7 million in 2023. The organization consistently operates with a surplus, as evidenced by its expenses being lower than its revenue in all reported periods. For instance, in 2023, revenue was $36,778,365 against expenses of $32,243,056, indicating a healthy operating margin. This consistent surplus has contributed to a significant increase in assets, growing from $5.1 million in 2014 to $28.3 million in 2023, suggesting strong financial management and accumulation of resources. The organization's financial health appears robust, with a solid asset base and manageable liabilities. In 2023, liabilities were $5,619,318, which is a reasonable proportion of its $28,324,786 in assets. The consistent growth in both revenue and assets, coupled with a positive operating margin, indicates a stable and expanding organization. The absence of reported officer compensation across all filings suggests a potential reliance on volunteer leadership or that compensation is reported under other expense categories, which could impact the perception of transparency regarding leadership costs if not clearly detailed elsewhere.

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Disclaimer

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

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