Quick charity verification for Apogaea Incorporated (EIN: 200970396)
Verdict: Apogaea Incorporated appears trustworthy
85/100Mission Score
$443KRevenue
$566KAssets
2Red Flags
3Strengths
Red Flags
Significant increase in liabilities to $743,000 in 202312, exceeding assets of $491,051 for that period.
Fluctuating revenue history, with very low revenue periods in 2015, 2020, and 2021, indicating potential instability or event-dependent income.
Strengths
Consistent 0% officer compensation, demonstrating high efficiency and dedication of resources to the mission.
Strong recovery in revenue and assets in recent years (2022 and 2023) after a downturn.
Generally positive net income (revenue exceeding expenses) in most operational years, indicating sound financial management.
Spending Breakdown
How Apogaea Incorporated 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 Apogaea Incorporated
Is Apogaea Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Apogaea Incorporated (EIN: 200970396) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Apogaea Incorporated a good charity to donate to?
Apogaea Incorporated has a Mission Score of 85/100. Revenue: $443K. Assets: $566K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Apogaea Incorporated?
The Employer Identification Number (EIN) for Apogaea Incorporated is 200970396. 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 Apogaea Incorporated spend its money?
Apogaea Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Apogaea Incorporated's tax-exempt status?
You can verify Apogaea Incorporated's tax-exempt status using EIN 200970396 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
Apogaea Incorporated demonstrates a fluctuating but generally positive financial trajectory, with its latest reported revenue at $442,740 and assets at $565,996. The organization has shown significant recovery and growth in revenue and assets since a dip in 2020 and 2021, where revenue was as low as $3,958. A notable strength is the consistent reporting of 0% officer compensation across all available filings, indicating a volunteer-led executive structure which is highly efficient for a nonprofit of this size and mission. This practice significantly reduces administrative overhead and allows more funds to be directed towards its programs.
However, the 202312 filing shows a substantial increase in liabilities to $743,000, which is a significant jump from previous periods where liabilities were often $0 or minimal. This warrants further investigation to understand the nature of these liabilities and their potential impact on the organization's long-term financial stability, especially given that liabilities now exceed assets ($491,051 in 202312). Despite this, the organization consistently spends less than it earns in most operational years, as seen in 202312 where expenses were $297,494 against revenues of $379,902, indicating sound operational management in terms of cash flow. The lack of detailed expense breakdowns in the provided data makes a precise spending efficiency analysis challenging beyond the executive compensation aspect, but the overall trend suggests a lean operational model.