Quick charity verification for Tech Goes Home Incorporated (EIN: 208629591)
Verdict: Tech Goes Home Incorporated appears trustworthy
90/100Mission Score
$5.0MRevenue
$2.4MAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue by $657,035 in 2023, a significant deficit compared to previous years' surpluses.
Strengths
Consistent and rapid growth in revenue, from $903,301 in 2014 to $6,768,567 in 2023.
Substantial growth in assets, reaching $5,266,088 in 2023, indicating strong financial health and capacity.
Consistent reporting of 0% officer compensation across all filings, demonstrating efficient use of funds.
History of healthy surpluses in most years, such as $2,484,118 in 2022, building financial reserves.
Strong financial transparency with 13 years of detailed IRS 990 filings available.
Spending Breakdown
How Tech Goes Home Incorporated 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 Tech Goes Home Incorporated
Is Tech Goes Home Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Tech Goes Home Incorporated (EIN: 208629591) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Tech Goes Home Incorporated a good charity to donate to?
Tech Goes Home Incorporated has a Mission Score of 90/100. Revenue: $5.0M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tech Goes Home Incorporated?
The Employer Identification Number (EIN) for Tech Goes Home Incorporated is 208629591. 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 Tech Goes Home Incorporated spend its money?
Tech Goes Home Incorporated allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tech Goes Home Incorporated's tax-exempt status?
You can verify Tech Goes Home Incorporated's tax-exempt status using EIN 208629591 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
Tech Goes Home Incorporated demonstrates a strong commitment to its mission, as evidenced by its consistent growth in revenue and assets over the past decade. The organization has expanded significantly, with revenue increasing from $903,301 in 2014 to $6,768,567 in 2023. While the 2023 filing shows expenses exceeding revenue by $657,035, this appears to be an anomaly following several years of healthy surpluses, such as the $2,484,118 surplus in 2022. The organization's assets have also grown substantially, reaching $5,266,088 in 2023, indicating good financial stewardship and capacity for future programs.
The organization's transparency is commendable, particularly its consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. The detailed filing history provides a clear picture of its financial trajectory, allowing for thorough analysis of its growth and operational efficiency. The significant increase in liabilities in 2023 to $887,921, while higher than previous years, is still manageable relative to its substantial asset base.
Overall, Tech Goes Home Incorporated appears to be a financially healthy and transparent organization. Its rapid growth suggests increasing impact, and the consistent lack of reported officer compensation is a strong positive for its spending efficiency. While the 2023 deficit warrants monitoring, the overall trend of financial growth and asset accumulation points to a well-managed and impactful nonprofit.