Quick charity verification for Walter Hoving Home Inc (EIN: 132753267)
Verdict: Walter Hoving Home Inc appears trustworthy
95/100Mission Score
$6.4MRevenue
$12.7MAssets
1Red Flags
5Strengths
Red Flags
Zero reported officer compensation for an organization of this size could indicate uncompensated leadership or alternative compensation structures not captured in 'officer compensation' line item, warranting further investigation into governance and compensation practices.
Strengths
Consistent revenue growth, nearly doubling from $3.48 million in 2019 to $6.58 million in 2023.
Zero reported officer compensation, indicating a strong commitment to directing funds to programs.
Significant asset accumulation, growing from $4.75 million in 2019 to $7.76 million in 2023.
Positive net income in recent years, with a $1.9 million surplus in 2023, indicating strong financial health.
Low liabilities relative to assets, suggesting sound financial management.
Spending Breakdown
How Walter Hoving Home Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Walter Hoving Home Inc
Is Walter Hoving Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Walter Hoving Home Inc (EIN: 132753267) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Walter Hoving Home Inc a good charity to donate to?
Walter Hoving Home Inc has a Mission Score of 95/100. Revenue: $6.4M. Assets: $12.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Walter Hoving Home Inc?
The Employer Identification Number (EIN) for Walter Hoving Home Inc is 132753267. 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 Walter Hoving Home Inc spend its money?
Walter Hoving Home Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Walter Hoving Home Inc's tax-exempt status?
You can verify Walter Hoving Home Inc's tax-exempt status using EIN 132753267 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
Walter Hoving Home Inc. demonstrates a strong financial position and appears to be efficiently managing its resources. Over the past five years, the organization has shown consistent revenue growth, increasing from $3,484,920 in 2019 to $6,583,849 in 2023, indicating growing support for its mission. The organization consistently reports zero officer compensation, which is a significant indicator of strong financial stewardship and a commitment to directing funds towards programmatic activities rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very modestly compensated leadership structure.
Their asset base has also grown substantially, from $4,754,840 in 2019 to $7,765,228 in 2023, while liabilities have remained relatively stable or decreased as a proportion of assets, suggesting sound financial management and accumulation of reserves. The consistent positive net income in recent years (e.g., $1,928,529 in 2023 and $884,152 in 2022) further reinforces their financial health and sustainability. The NTEE code F220 indicates a focus on residential care for substance abuse, and the financial data supports the capacity to deliver these services effectively.
Given the absence of reported officer compensation and the consistent growth in revenue and assets, Walter Hoving Home Inc. exhibits a high degree of financial transparency and a strong commitment to its mission. The organization's ability to generate significant surpluses in recent years, particularly the $1.9 million surplus in 2023, provides a solid foundation for future program expansion and long-term stability. This financial performance, coupled with the lack of executive compensation, paints a picture of a well-managed and mission-focused nonprofit.