Is 1103 Market Street Foundation Legit? —…

Quick charity verification for 1103 Market Street Foundation (EIN: 202783473)

Red Flags

Frequent deficit spending, with expenses exceeding revenue in multiple years (e.g., 2023, 2020, 2019, 2018, 2016, 2015, 2014).
Significant year-over-year revenue volatility, making financial planning challenging (e.g., $574,684 in 2017 down to $85,574 in 2018).
Consistent decline in assets in recent years (e.g., from $562,114 in 2018 to $417,646 in 2023), indicating asset utilization to cover operational shortfalls.

Spending Breakdown

How 1103 Market Street Foundation allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 1103 Market Street Foundation

Is 1103 Market Street Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, 1103 Market Street Foundation (EIN: 202783473) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is 1103 Market Street Foundation a good charity to donate to?

1103 Market Street Foundation has a Mission Score of 70/100. Revenue: $118K. Assets: $466K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for 1103 Market Street Foundation?

The Employer Identification Number (EIN) for 1103 Market Street Foundation is 202783473. 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 1103 Market Street Foundation spend its money?

1103 Market Street Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify 1103 Market Street Foundation's tax-exempt status?

You can verify 1103 Market Street Foundation's tax-exempt status using EIN 202783473 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

The 1103 Market Street Foundation demonstrates a mixed financial picture. While the organization consistently reports zero liabilities and zero officer compensation, indicating good financial hygiene and a volunteer-led structure, its revenue has been highly volatile. For instance, revenue spiked to $574,684 in 2017 but has since fluctuated significantly, reaching $88,363 in 2023 after $119,147 in 2022. This inconsistency in funding could pose challenges for long-term program planning and stability.

The foundation's spending patterns also show variability. In 2023, expenses ($118,587) exceeded revenue ($88,363), leading to a draw on assets. This trend of expenses often exceeding revenue is visible in multiple years (e.g., 2023, 2020, 2019, 2018, 2016, 2015, 2014), suggesting that the organization frequently operates at a deficit relative to its annual income. However, the consistent reporting of zero liabilities and officer compensation reflects a commitment to transparency regarding its operational structure and financial obligations.

Given the NTEE code A80 (Arts, Culture, and Humanities - Cultural & Ethnic Awareness), the foundation's financial health would benefit from more stable revenue streams to consistently support its mission. The absence of officer compensation is a positive sign for donor confidence, as all funds appear to be directed towards operational expenses and programs. However, the frequent deficit spending and asset draw warrant closer monitoring to ensure long-term sustainability.

Is 1103 Market Street Foundation Legit?

Verdict: 1103 Market Street Foundation appears trustworthy