Quick charity verification for Spectrum Health Care Inc (EIN: 222512383)
Verdict: Spectrum Health Care Inc appears trustworthy
75/100Mission Score
$7.2MRevenue
$4.7MAssets
2Red Flags
2Strengths
Red Flags
Lack of detailed program spending breakdown beyond general expenses.
Limited public information on specific program outcomes and impact.
Strengths
Consistent revenue growth over the past several years, from $2,719,556 in 2017 to $7,441,498 in 2024.
Healthy asset growth, increasing from $944,715 in 2017 to $4,802,173 in 2024.
Spending Breakdown
How Spectrum Health Care Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Spectrum Health Care Inc
Is Spectrum Health Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum Health Care Inc (EIN: 222512383) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Spectrum Health Care Inc a good charity to donate to?
Spectrum Health Care Inc has a Mission Score of 75/100. Revenue: $7.2M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spectrum Health Care Inc?
The Employer Identification Number (EIN) for Spectrum Health Care Inc is 222512383. 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 Spectrum Health Care Inc spend its money?
Spectrum Health Care Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spectrum Health Care Inc's tax-exempt status?
You can verify Spectrum Health Care Inc's tax-exempt status using EIN 222512383 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
Spectrum Health Care Inc is a health care nonprofit based in Jersey City, New Jersey, with reported revenue of $7.2M and assets of $4.7M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information. Revenue has grown +164% across 14 filing periods.