Is Albert Young Irrevocable Scholarship Trust Legit?
Quick charity verification for Albert Young Irrevocable Scholarship Trust (EIN: 16136971)
Verdict: Albert Young Irrevocable Scholarship Trust appears trustworthy
95/100Mission Score
$225KRevenue
$704KAssets
1Red Flags
5Strengths
Red Flags
Expenses occasionally exceed revenue, though covered by assets.
Strengths
Zero officer compensation reported across all filings.
Consistent IRS 990 filing history demonstrates transparency.
Stable asset base (over $700,000) indicates financial health.
Minimal liabilities ($0 or $1) show strong financial management.
High program efficiency due to lack of executive salaries.
Spending Breakdown
How Albert Young Irrevocable Scholarship Trust 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 Albert Young Irrevocable Scholarship Trust
Is Albert Young Irrevocable Scholarship Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Albert Young Irrevocable Scholarship Trust (EIN: 16136971) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Albert Young Irrevocable Scholarship Trust a good charity to donate to?
Albert Young Irrevocable Scholarship Trust has a Mission Score of 95/100. Revenue: $225K. Assets: $704K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Albert Young Irrevocable Scholarship Trust?
The Employer Identification Number (EIN) for Albert Young Irrevocable Scholarship Trust is 16136971. 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 Albert Young Irrevocable Scholarship Trust spend its money?
Albert Young Irrevocable Scholarship Trust allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Albert Young Irrevocable Scholarship Trust's tax-exempt status?
You can verify Albert Young Irrevocable Scholarship Trust's tax-exempt status using EIN 16136971 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 Albert Young Irrevocable Scholarship Trust appears to be a well-managed and transparent organization focused on its mission of providing scholarships. Over the past decade, the trust has consistently maintained a stable asset base, hovering around $700,000 to $760,000, indicating prudent financial stewardship. While expenses have occasionally exceeded revenue, such as in 2023 ($55,465 expenses vs. $31,600 revenue) and 2022 ($57,294 expenses vs. $53,644 revenue), these deficits are relatively minor and likely covered by investment income or prior year surpluses, given the consistent asset levels. The organization's NTEE code T22 (Scholarship & Student Aid) aligns perfectly with its name and implied mission.
Spending efficiency is strong, particularly given the nature of a scholarship trust. With no reported officer compensation across all filings, administrative costs are likely minimal, allowing a significant portion of funds to directly support program services (scholarships). The consistent reporting of minimal liabilities ($0 or $1) further underscores financial stability and good governance. The trust's consistent filing history over a decade demonstrates a commitment to transparency and regulatory compliance.
Overall, the Albert Young Irrevocable Scholarship Trust exhibits sound financial health, high spending efficiency due to its operational model, and a strong commitment to transparency through its consistent IRS 990 filings and lack of executive compensation. Its financial structure suggests a focus on long-term endowment management to sustain its scholarship programs.