Located in Kenmore, NY, serving a specific community need (NTEE Code E910 suggests nursing care facilities/hospices).
Spending Breakdown
How Schofield Residence 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
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 Schofield Residence Inc
Is Schofield Residence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Schofield Residence Inc (EIN: 160743225) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
Is Schofield Residence Inc a good charity to donate to?
Schofield Residence Inc has a Mission Score of 80/100. Revenue: $18.2M. Assets: $15.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Schofield Residence Inc?
The Employer Identification Number (EIN) for Schofield Residence Inc is 160743225. 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 Schofield Residence Inc spend its money?
Schofield Residence Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Schofield Residence Inc's tax-exempt status?
You can verify Schofield Residence Inc's tax-exempt status using EIN 160743225 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
Schofield Residence Inc. demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade, hovering around the $16-19 million mark. The organization has maintained a stable asset base, currently at $15,048,283, which is a healthy position relative to its annual operating budget. While the latest filing (202312) shows expenses exceeding revenue by approximately $1.27 million, this is not an uncommon fluctuation for a non-profit of this size and does not immediately indicate financial distress, especially given the consistent asset base. The organization's liabilities have shown a gradual increase over the past few years, reaching $4,274,462 in 2023, which warrants monitoring but is still manageable against its assets.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operational scale suggests a mature organization with established processes. The absence of reported officer compensation across all filings is a notable point regarding transparency, as it could indicate that key leadership is compensated through other means or that the organization operates with a volunteer executive structure, which would be highly efficient. Further investigation into the detailed expense categories would provide a clearer picture of spending efficiency.
Overall, Schofield Residence Inc. appears to be a financially stable organization with a long operating history. Its consistent revenue and asset base, coupled with the lack of reported officer compensation, suggest a potentially efficient and well-managed entity. However, the recent increase in liabilities and the slight deficit in the latest fiscal year are areas that would benefit from closer scrutiny in a full financial review.