Expenses slightly exceeding revenue in recent periods (e.g., $262,182 expenses vs. $249,809 revenue in 2023), which if sustained, could impact long-term reserves.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Strong asset base ($1,484,186 in 2023) significantly exceeding liabilities ($271,721), demonstrating financial stability.
Long history of IRS 990 filings (13 filings), suggesting transparency and consistent operation.
Stable revenue streams over several years, supporting consistent program delivery.
Spending Breakdown
How Yarmouth Senior Housing Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Yarmouth Senior Housing Inc
Is Yarmouth Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Yarmouth Senior Housing Inc (EIN: 10340560) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Yarmouth Senior Housing Inc a good charity to donate to?
Yarmouth Senior Housing Inc has a Mission Score of 92/100. Revenue: $268K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Yarmouth Senior Housing Inc?
The Employer Identification Number (EIN) for Yarmouth Senior Housing Inc is 10340560. 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 Yarmouth Senior Housing Inc spend its money?
Yarmouth Senior Housing Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Yarmouth Senior Housing Inc's tax-exempt status?
You can verify Yarmouth Senior Housing Inc's tax-exempt status using EIN 10340560 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
Yarmouth Senior Housing Inc. demonstrates consistent financial operations focused on its mission, as evidenced by its IRS 990 filings. The organization's revenue and expenses have remained relatively stable over the past few years, with recent periods showing expenses slightly exceeding revenue, such as in 2023 where expenses were $262,182 against revenues of $249,809. Despite this, the organization maintains a healthy asset base of $1,484,186 in 2023, significantly exceeding its liabilities of $271,721, indicating good financial stability. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing resources towards its programs rather than executive salaries, enhancing its spending efficiency and transparency.
The organization's financial health appears sound, with sufficient assets to cover liabilities. While there's a slight trend of expenses outpacing revenue in recent years, the overall asset growth from $869,509 in 2015 to over $1.4 million in 2023, despite some fluctuations, points to effective asset management. The absence of officer compensation is a significant positive indicator for spending efficiency, as it implies that administrative costs are likely kept low and resources are primarily allocated to direct program services. This level of transparency regarding compensation practices is commendable.