Is St Lukes Home Residential Health Care Facility Inc Legit?

Quick charity verification for St Lukes Home Residential Health Care Facility Inc (EIN: 161476372)

Verdict: St Lukes Home Residential Health Care Facility Inc appears trustworthy

85/100Mission Score
$17.9MRevenue
$16.4MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

St Lukes Home Residential Health Care Facility Inc. demonstrates a consistent operational pattern, with revenues and expenses generally in the range of $16 million to $21 million over the past decade. The organization has experienced net losses in recent years, with expenses exceeding revenue by over $2 million in 2023 and over $3 million in 2022. This trend of operating deficits, particularly in the last two reported periods, warrants closer examination as it could impact long-term financial stability if not addressed. Despite these operational losses, the organization maintains a healthy asset base, with assets of $20,102,990 in 2023, significantly exceeding its liabilities of $6,420,043, indicating a strong balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing resources towards its mission rather than executive pay, which is a positive indicator of financial transparency and efficiency.

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Disclaimer

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

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