Is Worcester Community Housing Resources Inc Legit?
Quick charity verification for Worcester Community Housing Resources Inc (EIN: 222719744)
Verdict: Worcester Community Housing Resources Inc appears trustworthy
75/100Mission Score
$3.5MRevenue
$26.0MAssets
2Red Flags
3Strengths
Red Flags
Revenue volatility: Revenue jumped from $1,872,287 in 2022 to $4,245,225 in 2023, which could indicate reliance on large, potentially one-time grants or projects rather than stable, recurring income.
Lack of detailed expense breakdown: Without a detailed breakdown of expenses beyond total expenses, it's difficult to fully assess the proportion of spending on programs versus administrative or fundraising costs.
Strengths
Strong asset base: The organization maintains a robust asset base, consistently above $23 million, providing financial stability.
Positive net income in recent years: In 2023, the organization reported revenue of $4,245,225 against expenses of $2,872,692, indicating a healthy surplus for the year.
Consistent operational history: The provided data spans several years, showing a long-standing presence and operational history in the community.
Spending Breakdown
How Worcester Community Housing Resources Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Worcester Community Housing Resources Inc
Is Worcester Community Housing Resources Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Worcester Community Housing Resources Inc (EIN: 222719744) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Worcester Community Housing Resources Inc a good charity to donate to?
Worcester Community Housing Resources Inc has a Mission Score of 75/100. Revenue: $3.5M. Assets: $26.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Worcester Community Housing Resources Inc?
The Employer Identification Number (EIN) for Worcester Community Housing Resources Inc is 222719744. 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 Worcester Community Housing Resources Inc spend its money?
Worcester Community Housing Resources Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Worcester Community Housing Resources Inc's tax-exempt status?
You can verify Worcester Community Housing Resources Inc's tax-exempt status using EIN 222719744 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
Worcester Community Housing Resources Inc is a unknown nonprofit based in Worcester, Massachusetts, with reported revenue of $3.5M and assets of $26.0M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation cannot be assessed without specific data on salaries, as the provided financial data does not include this detail. Revenue has declined -74% across 13 filing periods.