Is Rome Hospital Foundation Inc Legit? —…

Quick charity verification for Rome Hospital Foundation Inc (EIN: 161364515)

Strengths

Exceptional revenue growth, from $273,203 in 2020 to $6,798,721 in 2023.
Strong asset accumulation, growing from $2,006,601 in 2020 to $13,493,838 in 2023.
Very low expense ratio relative to revenue, indicating high operational efficiency (e.g., 23% in 2023, 11% in 2021).
No reported officer compensation, suggesting a volunteer-driven leadership or highly efficient administrative cost structure.
Consistent financial surpluses, with revenue significantly exceeding expenses in recent years.

Spending Breakdown

How Rome Hospital Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Rome Hospital Foundation Inc

Is Rome Hospital Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Rome Hospital Foundation Inc (EIN: 161364515) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Rome Hospital Foundation Inc a good charity to donate to?

Rome Hospital Foundation Inc has a Mission Score of 90/100. Revenue: $2.5M. Assets: $10.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Rome Hospital Foundation Inc?

The Employer Identification Number (EIN) for Rome Hospital Foundation Inc is 161364515. 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 Rome Hospital Foundation Inc spend its money?

Rome Hospital Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Rome Hospital Foundation Inc's tax-exempt status?

You can verify Rome Hospital Foundation Inc's tax-exempt status using EIN 161364515 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

Rome Hospital Foundation Inc. demonstrates strong financial health and appears to be a highly efficient organization based on its recent IRS 990 filings. In the 2023 fiscal year, the foundation reported substantial revenue of $6,798,721 against expenses of $1,558,255, indicating a significant surplus that contributes to its growing asset base, which reached $13,493,838. This trend of revenue significantly exceeding expenses has been consistent over the past three years, with revenues of $4,589,994 in 2022 and $2,864,708 in 2021, while expenses remained relatively low at $1,139,766 and $328,484 respectively. This suggests effective management of resources and strong fundraising capabilities.

The organization's spending efficiency is notable, with expenses consistently representing a small fraction of its revenue. For instance, in 2023, expenses were only about 23% of revenue, and in 2021, they were a mere 11%. This indicates that a large portion of the funds raised are either being held for future programs or invested, rather than being consumed by operational costs. The absence of reported officer compensation across all available filings further enhances its transparency and suggests a volunteer-driven or very lean administrative structure at the top. The consistent growth in assets, from $2,006,601 in 2020 to over $13 million in 2023, reflects robust financial stewardship and a strong capacity to support its mission over the long term.

Is Rome Hospital Foundation Inc Legit?

Verdict: Rome Hospital Foundation Inc appears trustworthy

Red Flags