Is San Luis Obispo County Housing Trust Fund Legit?
Quick charity verification for San Luis Obispo County Housing Trust Fund (EIN: 134243257)
Verdict: San Luis Obispo County Housing Trust Fund appears trustworthy
95/100Mission Score
$8.6MRevenue
$25.7MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent asset growth, from $7.48M in 2014 to $21.68M in 2023.
Zero reported officer compensation across all 13 filings, indicating high efficiency.
Healthy revenue-to-expense ratio, with revenue significantly exceeding expenses in most periods (e.g., $2.36M revenue vs. $0.70M expenses in 202312).
Strong program focus implied by low administrative overhead and mission-driven asset accumulation.
Spending Breakdown
How San Luis Obispo County Housing Trust Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 San Luis Obispo County Housing Trust Fund
Is San Luis Obispo County Housing Trust Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, San Luis Obispo County Housing Trust Fund (EIN: 134243257) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is San Luis Obispo County Housing Trust Fund a good charity to donate to?
San Luis Obispo County Housing Trust Fund has a Mission Score of 95/100. Revenue: $8.6M. Assets: $25.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for San Luis Obispo County Housing Trust Fund?
The Employer Identification Number (EIN) for San Luis Obispo County Housing Trust Fund is 134243257. 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 San Luis Obispo County Housing Trust Fund spend its money?
San Luis Obispo County Housing Trust Fund allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify San Luis Obispo County Housing Trust Fund's tax-exempt status?
You can verify San Luis Obispo County Housing Trust Fund's tax-exempt status using EIN 134243257 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
The San Luis Obispo County Housing Trust Fund demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in assets and revenue over the past decade. In the latest filing period (202312), the organization reported revenue of $2,364,109 against expenses of $699,964, indicating a healthy surplus that contributes to its asset base, which stood at $21,684,022. The organization's liabilities have also grown, reaching $9,020,667 in 202312, which is typical for housing trusts that often utilize debt financing for their programs. The consistent absence of reported officer compensation across all filings suggests a highly efficient operational model, likely relying on volunteer leadership or staff salaries not categorized as officer compensation, which enhances its spending efficiency and transparency regarding executive pay.