Is Annie Schaffer Senior Center Of Schenectady County Inc Legit?
Quick charity verification for Annie Schaffer Senior Center Of Schenectady County Inc (EIN: 141427968)
Verdict: Annie Schaffer Senior Center Of Schenectady County Inc shows mixed signals
55/100Mission Score
$2.2MRevenue
$7.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) over the past decade, e.g., $2,162,000 expenses vs. $2,076,682 revenue in 2023.
Declining asset base, from $10,938,899 in 2014 to $6,992,966 in 2023.
Liabilities significantly outweigh assets, indicating potential solvency concerns (e.g., $11,221,547 liabilities vs. $6,992,966 assets in 2023).
Strengths
Consistent revenue generation, maintaining over $1.5 million annually for the past decade.
Long operational history with 14 IRS 990 filings, indicating established presence.
No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in this area.
Spending Breakdown
How Annie Schaffer Senior Center Of Schenectady County Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Annie Schaffer Senior Center Of Schenectady County Inc
Is Annie Schaffer Senior Center Of Schenectady County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Annie Schaffer Senior Center Of Schenectady County Inc (EIN: 141427968) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Annie Schaffer Senior Center Of Schenectady County Inc a good charity to donate to?
Annie Schaffer Senior Center Of Schenectady County Inc has a Mission Score of 55/100. Revenue: $2.2M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Annie Schaffer Senior Center Of Schenectady County Inc?
The Employer Identification Number (EIN) for Annie Schaffer Senior Center Of Schenectady County Inc is 141427968. 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 Annie Schaffer Senior Center Of Schenectady County Inc spend its money?
Annie Schaffer Senior Center Of Schenectady County Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Annie Schaffer Senior Center Of Schenectady County Inc's tax-exempt status?
You can verify Annie Schaffer Senior Center Of Schenectady County Inc's tax-exempt status using EIN 141427968 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
Annie Schaffer Senior Center Of Schenectady County Inc demonstrates consistent revenue generation, with its latest reported revenue at $2,076,682 in 2023. However, the organization has consistently reported expenses exceeding revenue over the past decade, leading to a gradual decline in assets from $10,938,899 in 2014 to $6,992,966 in 2023. This trend suggests that the organization is operating at a deficit, drawing down its reserves to cover operational costs. While the organization's liabilities have remained relatively stable, they significantly outweigh its assets, indicating a potentially precarious financial position.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent deficit spending is a concern for long-term sustainability. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which would impact transparency regarding leadership costs.
Overall, the organization appears to be transparent in its financial reporting through the IRS 990 filings, but the consistent operational deficits and declining asset base warrant closer examination. While it continues to provide services, its financial model appears unsustainable without a shift towards increasing revenue or reducing expenses to achieve a balanced budget.