Quick charity verification for The Legacy Willow Bend Inc (EIN: 202803956)
Verdict: The Legacy Willow Bend Inc appears trustworthy
70/100Mission Score
$26.6MRevenue
$76.2MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of 0% officer compensation, which is atypical for an organization of this size and revenue, potentially obscuring executive pay details.
Liabilities consistently exceed assets by a significant margin, indicating a high level of debt financing.
Strengths
Consistent revenue generation, with the latest filing showing revenue of $28,255,084.
Recent positive operating margin in 2023, with revenue exceeding expenses.
Long operational history with 13 filings, indicating stability and established presence.
Spending Breakdown
How The Legacy Willow Bend Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 The Legacy Willow Bend Inc
Is The Legacy Willow Bend Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Legacy Willow Bend Inc (EIN: 202803956) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is The Legacy Willow Bend Inc a good charity to donate to?
The Legacy Willow Bend Inc has a Mission Score of 70/100. Revenue: $26.6M. Assets: $76.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Legacy Willow Bend Inc?
The Employer Identification Number (EIN) for The Legacy Willow Bend Inc is 202803956. 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 The Legacy Willow Bend Inc spend its money?
The Legacy Willow Bend Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Legacy Willow Bend Inc's tax-exempt status?
You can verify The Legacy Willow Bend Inc's tax-exempt status using EIN 202803956 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
The Legacy Willow Bend Inc. demonstrates a consistent operational profile as a continuing care retirement community (NTEE P75). Over the past decade, the organization has generally operated with expenses closely aligned to or exceeding revenue, as seen in fiscal year 2022 where expenses of $26,454,014 surpassed revenue of $22,390,251. While the most recent filing (2023) shows a positive operating margin with revenue of $28,255,084 exceeding expenses of $27,416,768, the organization consistently carries significant liabilities, often exceeding its assets. For instance, in 2023, assets were $74,065,326 against liabilities of $101,450,632. This financial structure is common for organizations with substantial long-term debt, often associated with facility development and operations in the senior living sector. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not reported in this section or is handled through a related entity, which warrants further investigation for full transparency. The organization's financial health appears stable in terms of operational revenue covering expenses in recent years, but the high liability-to-asset ratio is a notable characteristic.