Is Scott Farrar Home Legit?

Quick charity verification for Scott Farrar Home (EIN: 20241739)

Verdict: Scott Farrar Home appears trustworthy

75/100Mission Score

$7.7MRevenue

$20.5MAssets

3Red Flags

3Strengths

Red Flags

High liability-to-asset ratio (e.g., $16.1M liabilities vs. $20.3M assets in 202310), indicating significant debt or obligations.
Unexplained major financial event between 2014 and 2015, with assets increasing from $7.1M to $23.5M and liabilities from $0.3M to $17.3M.
Consistent reporting of 0% officer compensation, which may obscure actual executive compensation if reported elsewhere.

Strengths

Substantial and stable asset base, consistently over $20 million in recent years (e.g., $20,326,704 in 202310), providing financial backing.
Generally covers expenses with revenue in most recent periods, indicating sound operational management.
Long filing history (10 filings) suggests established operations and compliance with reporting requirements.

Spending Breakdown

How Scott Farrar Home 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 Scott Farrar Home

Is Scott Farrar Home a legitimate charity?

Based on AI analysis of IRS 990 filings, Scott Farrar Home (EIN: 20241739) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Scott Farrar Home a good charity to donate to?

Scott Farrar Home has a Mission Score of 75/100. Revenue: $7.7M. Assets: $20.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Scott Farrar Home?

The Employer Identification Number (EIN) for Scott Farrar Home is 20241739. 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 Scott Farrar Home spend its money?

Scott Farrar Home allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Scott Farrar Home's tax-exempt status?

You can verify Scott Farrar Home's tax-exempt status using EIN 20241739 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

Scott Farrar Home demonstrates consistent financial activity, with revenues and expenses generally in the range of $4-6 million in recent years. The organization's assets have remained substantial, hovering around $20-22 million in the last five reported periods, indicating a stable asset base. However, a significant portion of these assets is offset by liabilities, which have consistently been in the $16-17 million range in recent filings. This high liability-to-asset ratio warrants closer examination to understand the nature of these obligations and their potential impact on long-term financial flexibility. The organization's consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its mission, or that executive compensation is reported under other expense categories, which would require further investigation for full transparency.

While the organization's revenue has fluctuated, it has generally covered expenses in most recent years, with a slight deficit in 202310 (expenses of $5,592,082 exceeding revenue of $5,543,078) and 202110 (expenses of $5,211,212 exceeding revenue of $4,320,178). The significant jump in revenue and assets between 2014 and 2015, from $867,481 to $71,147 (revenue) and $7,192,560 to $23,537,398 (assets), suggests a major financial event or restructuring during that period, which would be crucial for a complete understanding of its financial trajectory. The consistent reporting of zero officer compensation is a positive indicator for donor confidence regarding executive pay, assuming all compensation is accurately reflected.

Overall, Scott Farrar Home appears to be a financially stable organization with a substantial asset base, though the high level of liabilities requires further scrutiny. The consistent reporting of 0% officer compensation is a notable aspect of its transparency. Its ability to generally cover expenses with revenue in recent years, despite some fluctuations, points to a managed financial approach. The significant growth in assets and liabilities between 2014 and 2015 is a key historical event that shaped its current financial structure.

View Full Transparency Report →

Disclaimer

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