Is Andover Educational Fund Inc Legit? —…

Strengths

Consistent asset growth, from $382,460 in 2014 to $492,342 in 2024.
Zero liabilities reported across all filings, indicating strong financial stability.
No officer compensation reported, suggesting a volunteer-led organization and efficient use of funds.
Healthy revenue surpluses in most periods, allowing for reinvestment into the mission.
Consistent filing history over 13 periods, demonstrating transparency and compliance.

Spending Breakdown

How Andover Educational Fund Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Andover Educational Fund Inc

Is Andover Educational Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Andover Educational Fund Inc (EIN: 10451997) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Andover Educational Fund Inc a good charity to donate to?

Andover Educational Fund Inc has a Mission Score of 90/100. Revenue: $75K. Assets: $492K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Andover Educational Fund Inc?

The Employer Identification Number (EIN) for Andover Educational Fund Inc is 10451997. 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 Andover Educational Fund Inc spend its money?

Andover Educational Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Andover Educational Fund Inc's tax-exempt status?

You can verify Andover Educational Fund Inc's tax-exempt status using EIN 10451997 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

Andover Educational Fund Inc demonstrates sound financial health with consistent asset growth and no reported liabilities across all available filings. In the latest period (202406), the organization reported $74,655 in revenue against $29,599 in expenses, indicating a healthy surplus. The organization's assets have steadily increased from $382,460 in 201406 to $492,342 in 202406, showcasing effective financial management and accumulation of resources. The absence of officer compensation in all reported periods suggests a volunteer-driven leadership, which contributes to lower administrative costs and a higher proportion of funds potentially directed towards programs.

The spending efficiency appears strong, particularly given the zero officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall expense levels relative to revenue suggest a lean operation. For instance, in 202406, expenses were only 39.6% of revenue ($29,599 / $74,655), allowing for significant reinvestment or program expansion. The organization's consistent financial reporting over 13 periods also points to a commitment to transparency.

However, without a detailed functional expense statement, it's challenging to precisely determine the exact allocation to programs versus other overheads. The lack of liabilities is a significant positive indicator of financial stability. The organization's ability to maintain and grow its asset base while keeping expenses well below revenue demonstrates a prudent approach to financial stewardship, which is crucial for long-term sustainability in the nonprofit sector.

Is Andover Educational Fund Inc Legit?

Verdict: Andover Educational Fund Inc appears trustworthy