Is Timpson Housing Development Fund Corporation Legit?
Quick charity verification for Timpson Housing Development Fund Corporation (EIN: 133614970)
Verdict: Timpson Housing Development Fund Corporation appears trustworthy
70/100Mission Score
$2.6MRevenue
$6.1MAssets
3Red Flags
3Strengths
Red Flags
Liabilities consistently significantly exceed assets, indicating high leverage.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Gradual decline in total assets over the past decade.
Strengths
Stable revenue generation over the past decade, consistently around $2.4M - $2.6M.
Expenses are generally well-managed and closely aligned with revenue, indicating operational stability.
Consistent reporting of 0% officer compensation, suggesting a potentially low-cost leadership structure.
Spending Breakdown
How Timpson Housing Development Fund Corporation 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 Timpson Housing Development Fund Corporation
Is Timpson Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Timpson Housing Development Fund Corporation (EIN: 133614970) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Timpson Housing Development Fund Corporation a good charity to donate to?
Timpson Housing Development Fund Corporation has a Mission Score of 70/100. Revenue: $2.6M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Timpson Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Timpson Housing Development Fund Corporation is 133614970. 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 Timpson Housing Development Fund Corporation spend its money?
Timpson Housing Development Fund Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Timpson Housing Development Fund Corporation's tax-exempt status?
You can verify Timpson Housing Development Fund Corporation's tax-exempt status using EIN 133614970 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
Timpson Housing Development Fund Corporation consistently operates with expenses closely aligned to its revenue, indicating a stable operational model. For example, in 2023, expenses were $2,688,940 against revenues of $2,579,704, and in 2022, expenses were $2,743,950 against revenues of $2,600,012. The organization's assets have shown a slight decline over the past few years, from $7,932,115 in 2014 to $7,049,197 in 2023, while liabilities have remained significantly higher than assets, consistently exceeding $10 million. This suggests a reliance on debt financing, which is common for housing development funds but warrants closer examination.
The organization's financial health appears stable in terms of its ability to cover annual operating costs, but the long-term solvency is impacted by the substantial liabilities. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led board or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency, but the consistent revenue and expense figures suggest a predictable operational budget.