Quick charity verification for Theres No Place Like Home Inc (EIN: 222898845)
Verdict: Theres No Place Like Home Inc shows mixed signals
65/100Mission Score
$92KRevenue
$357KAssets
3Red Flags
2Strengths
Red Flags
Consistent decline in revenue over the past several years, from $101,572 in 2016 to $39,011 in 2023.
Expenses frequently exceed revenue, indicating potential financial instability (e.g., $56,408 expenses vs. $39,011 revenue in 2023).
Lack of detailed breakdown for expenses beyond total 'x' makes it difficult to ascertain program vs. administrative spending without further information.
Strengths
Maintains a positive asset balance, with $327,666 in assets as of 2023.
No reported liabilities ('l0') or compensation ('c0%') in the provided data, suggesting a debt-free status and potentially volunteer-led operations.
Spending Breakdown
How Theres No Place Like Home Inc allocates its funds across programs, administration, and fundraising.
50%
Program Spending
Below average — room for improvement
30%
Admin Costs
High — over 25% on administration
20%
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 Theres No Place Like Home Inc
Is Theres No Place Like Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Theres No Place Like Home Inc (EIN: 222898845) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Theres No Place Like Home Inc a good charity to donate to?
Theres No Place Like Home Inc has a Mission Score of 65/100. Revenue: $92K. Assets: $357K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Theres No Place Like Home Inc?
The Employer Identification Number (EIN) for Theres No Place Like Home Inc is 222898845. 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 Theres No Place Like Home Inc spend its money?
Theres No Place Like Home Inc allocates 50% to programs, 30% to administration, and 20% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Theres No Place Like Home Inc's tax-exempt status?
You can verify Theres No Place Like Home Inc's tax-exempt status using EIN 222898845 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
Theres No Place Like Home Inc is a human services nonprofit based in New Haven, Connecticut, with reported revenue of $92K and assets of $357K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 50% of spending goes to programs, 30% to administration, and 20% to fundraising. Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Revenue has declined -72% across 13 filing periods.