Quick charity verification for Alto Lakes Scholarship Fund Inc (EIN: 201183901)
Verdict: Alto Lakes Scholarship Fund Inc appears trustworthy
95/100Mission Score
$73KRevenue
$161KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $45,571 in 2019 to $158,081 in 2023.
No reported liabilities across all filing periods.
0% officer compensation, indicating a volunteer-driven leadership.
Revenues consistently exceeding expenses in recent years (e.g., $90,417 revenue vs. $62,216 expenses in 2023).
Strong program focus implied by the lack of executive compensation and mission as a scholarship fund.
Spending Breakdown
How Alto Lakes Scholarship Fund 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 Alto Lakes Scholarship Fund Inc
Is Alto Lakes Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alto Lakes Scholarship Fund Inc (EIN: 201183901) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Alto Lakes Scholarship Fund Inc a good charity to donate to?
Alto Lakes Scholarship Fund Inc has a Mission Score of 95/100. Revenue: $73K. Assets: $161K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Alto Lakes Scholarship Fund Inc?
The Employer Identification Number (EIN) for Alto Lakes Scholarship Fund Inc is 201183901. 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 Alto Lakes Scholarship Fund Inc spend its money?
Alto Lakes Scholarship Fund Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Alto Lakes Scholarship Fund Inc's tax-exempt status?
You can verify Alto Lakes Scholarship Fund Inc's tax-exempt status using EIN 201183901 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
Alto Lakes Scholarship Fund Inc demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to a steady growth in assets. For instance, in 2023, revenue was $90,417 against expenses of $62,216, contributing to an asset base of $158,081. The organization's primary focus appears to be on its program services, as indicated by the absence of officer compensation and typically low administrative overhead (though specific breakdowns are not provided in the summary data, the lack of officer compensation suggests a lean operational structure).
The organization's spending efficiency appears strong, particularly given its mission as a scholarship fund. The consistent growth in assets from $45,571 in 2019 to $158,081 in 2023 suggests effective management of funds and a commitment to building a sustainable base for future scholarships. The absence of liabilities across all reported periods further underscores a fiscally responsible approach. Transparency is high due to the availability of 990 filings and the clear indication of no executive compensation, which often raises questions in other nonprofits.