Is Spanish Speaking Elderly Council Raices Inc Legit?
Quick charity verification for Spanish Speaking Elderly Council Raices Inc (EIN: 112730462)
Verdict: Spanish Speaking Elderly Council Raices Inc appears trustworthy
85/100Mission Score
$3.8MRevenue
$2.5MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually low liabilities relative to assets in 2023 compared to prior years, warranting further investigation into the nature of the asset increase.
Strengths
Consistent revenue generation over the past decade, demonstrating financial stability.
Significant growth in assets from $947,855 in 2022 to $2,481,729 in 2023, improving financial reserves.
Expenses consistently close to revenue, indicating efficient deployment of funds towards mission.
0% reported officer compensation across all filings, suggesting strong financial stewardship or volunteer leadership.
Spending Breakdown
How Spanish Speaking Elderly Council Raices 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 Spanish Speaking Elderly Council Raices Inc
Is Spanish Speaking Elderly Council Raices Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spanish Speaking Elderly Council Raices Inc (EIN: 112730462) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Spanish Speaking Elderly Council Raices Inc a good charity to donate to?
Spanish Speaking Elderly Council Raices Inc has a Mission Score of 85/100. Revenue: $3.8M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spanish Speaking Elderly Council Raices Inc?
The Employer Identification Number (EIN) for Spanish Speaking Elderly Council Raices Inc is 112730462. 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 Spanish Speaking Elderly Council Raices Inc spend its money?
Spanish Speaking Elderly Council Raices Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spanish Speaking Elderly Council Raices Inc's tax-exempt status?
You can verify Spanish Speaking Elderly Council Raices Inc's tax-exempt status using EIN 112730462 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
Spanish Speaking Elderly Council Raices Inc (SSECR) demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $3 million annually. The organization has shown a positive trend in asset growth, particularly from $947,855 in 2022 to $2,481,729 in 2023, indicating improved financial reserves. Their spending efficiency appears strong, with expenses consistently close to revenue, suggesting that most funds are deployed towards their mission rather than accumulating excessive surpluses. The absence of reported officer compensation across all available filings is a significant indicator of transparency and potentially efficient use of funds, as it suggests that top leadership may be unpaid or compensated through other means not captured in this specific line item, or that the organization operates with a volunteer-led executive structure. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.