Quick charity verification for St Nicholas Home Inc (EIN: 116263923)
Verdict: St Nicholas Home Inc has notable concerns
35/100Mission Score
$10.5MRevenue
$8.0MAssets
5Red Flags
1Strengths
Red Flags
Consistent and significant deficit spending (e.g., 2023 revenue $4,674 vs. expenses $500,113).
Dramatic increase in liabilities from $164,174 in 2014 to $2,513,589 in 2023.
Sharp decline in assets from $1,650,119 in 2014 to $408,834 in 2023.
Reported negative revenue in 2022 ($-22,510).
Lack of detailed explanation for financial volatility and increasing debt.
Strengths
No reported officer compensation, potentially indicating a volunteer-driven leadership.
Spending Breakdown
How St Nicholas Home Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 St Nicholas Home Inc
Is St Nicholas Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Nicholas Home Inc (EIN: 116263923) has notable concerns. Mission Score: 35/100. 5 red flags identified, 1 strength noted.
Is St Nicholas Home Inc a good charity to donate to?
St Nicholas Home Inc has a Mission Score of 35/100. Revenue: $10.5M. Assets: $8.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Nicholas Home Inc?
The Employer Identification Number (EIN) for St Nicholas Home Inc is 116263923. 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 St Nicholas Home Inc spend its money?
St Nicholas Home Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Nicholas Home Inc's tax-exempt status?
You can verify St Nicholas Home Inc's tax-exempt status using EIN 116263923 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
St Nicholas Home Inc has experienced significant financial volatility over the past decade, with revenues fluctuating wildly and expenses consistently exceeding revenues in most recent periods. For instance, in 2023, revenue was a mere $4,674 against expenses of $500,113, and in 2022, they reported negative revenue of $-22,510 while incurring $448,253 in expenses. This consistent deficit spending raises concerns about the organization's long-term financial sustainability and ability to fund its programs. The organization's assets have also seen a sharp decline from a high of $1,650,119 in 2014 to $408,834 in 2023, while liabilities have surged from $164,174 in 2014 to $2,513,589 in 2023, indicating a deteriorating financial position. The lack of reported officer compensation across all filings suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding executive pay.