Is Amazing Discoveries Legit?

Quick charity verification for Amazing Discoveries (EIN: 204268927)

Verdict: Amazing Discoveries shows mixed signals

65/100Mission Score
$2.7MRevenue
$1.9MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Amazing Discoveries has demonstrated inconsistent financial performance over the past several years. While the organization reported revenue of $2,556,137 in 2023, its expenses significantly outpaced this at $4,928,945, leading to a substantial deficit. This trend of expenses exceeding revenue is also evident in 2022 ($3,774,558 revenue vs. $4,812,395 expenses) and 2018 ($2,838,881 revenue vs. $4,540,417 expenses), indicating potential sustainability challenges. However, there were periods of strong financial health, such as 2021 and 2020, where revenue considerably exceeded expenses. The organization's assets have fluctuated, decreasing from $5,828,305 in 2021 to $2,960,006 in 2023, while liabilities have generally remained manageable, though they saw an increase to $957,971 in 2023. A notable strength in transparency is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive pay is not a drain on resources or is not structured in a way that requires disclosure as officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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