Quick charity verification for Seneca Towers Inc (EIN: 160926430)
Verdict: Seneca Towers Inc appears trustworthy
80/100Mission Score
$3.9MRevenue
$7.2MAssets
2Red Flags
4Strengths
Red Flags
Long-term decline in assets without clear explanation in available data
Liabilities consistently exceed assets in most reported periods (e.g., 202303: Assets=$6,940,989, Liabilities=$7,677,101), indicating potential solvency concerns if not for specific asset types like restricted endowments or property.
Strengths
Consistent positive net income in recent years (e.g., 202303: Revenue $3,381,949 vs. Expenses $3,216,696).
Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
Stable revenue generation over the past decade, consistently around $2.8M-$3.8M annually.
Extensive filing history (12 filings) demonstrates consistent compliance and transparency.
Spending Breakdown
How Seneca Towers 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 Seneca Towers Inc
Is Seneca Towers Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seneca Towers Inc (EIN: 160926430) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Seneca Towers Inc a good charity to donate to?
Seneca Towers Inc has a Mission Score of 80/100. Revenue: $3.9M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seneca Towers Inc?
The Employer Identification Number (EIN) for Seneca Towers Inc is 160926430. 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 Seneca Towers Inc spend its money?
Seneca Towers Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seneca Towers Inc's tax-exempt status?
You can verify Seneca Towers Inc's tax-exempt status using EIN 160926430 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
Seneca Towers Inc. demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years, indicating a stable financial position. For example, in the 202303 period, revenue was $3,381,949 against expenses of $3,216,696. The organization's assets have shown a gradual decline over the past decade, from $9,548,837 in 201403 to $6,940,989 in 202303, while liabilities have also decreased, suggesting a managed reduction in overall financial footprint. The NTEE code L220 indicates a focus on housing for the elderly, which aligns with the organization's name.
The organization's spending efficiency appears sound, as evidenced by the consistent positive net income in most recent periods. A key aspect of their financial health is the absence of reported officer compensation across all available filings, which can be a positive indicator of resource allocation directly to mission-related activities or a reliance on volunteer leadership. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Transparency is generally good given the availability of 12 years of IRS 990 filings. The consistent reporting of zero officer compensation is a notable point for transparency. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for external stakeholders to fully understand how funds are allocated across programs, administration, and fundraising efforts.