Lack of detailed expense breakdown in summary data makes precise spending efficiency difficult to assess
Unusually low (0%) reported officer compensation may warrant further investigation into executive compensation practices
Strengths
Consistent revenue growth over the past decade, from $1.9M in 2014 to $4.9M in 2023
Healthy asset accumulation, reaching nearly $5M in 2023
Revenues consistently exceeding expenses in recent years, indicating financial stability
No reported officer compensation, potentially maximizing funds for mission-related activities
Significant reduction in liabilities from 2020 to 2023, improving financial leverage
Spending Breakdown
How Westcare Kentucky Inc 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 Westcare Kentucky Inc
Is Westcare Kentucky Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Westcare Kentucky Inc (EIN: 202080016) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Westcare Kentucky Inc a good charity to donate to?
Westcare Kentucky Inc has a Mission Score of 85/100. Revenue: $5.0M. Assets: $4.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Westcare Kentucky Inc?
The Employer Identification Number (EIN) for Westcare Kentucky Inc is 202080016. 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 Westcare Kentucky Inc spend its money?
Westcare Kentucky Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Westcare Kentucky Inc's tax-exempt status?
You can verify Westcare Kentucky Inc's tax-exempt status using EIN 202080016 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
Westcare Kentucky Inc demonstrates a generally stable financial position, with revenues consistently exceeding expenses in recent years, leading to a healthy accumulation of assets. For example, in 2023, revenue was $4,914,590 against expenses of $4,397,699, contributing to assets of $4,985,932. The organization has shown significant growth in revenue and assets over the past decade, from $1,953,887 in revenue and $1,482,345 in assets in 2014 to nearly $5 million in both categories in 2023. This growth indicates a strong capacity to fund its programs.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the consistent positive net income suggests efficient management of resources. The organization's liabilities have fluctuated but appear manageable relative to its assets, with liabilities at $1,606,404 against assets of $4,985,932 in 2023. The absence of reported officer compensation in the provided data is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported under other categories.
Overall, Westcare Kentucky Inc appears to be in sound financial health, with a positive trend in revenue and asset growth. The lack of reported officer compensation could be a strength in terms of resource allocation, but further detail on expense categories would enhance the assessment of spending efficiency and transparency.