Is Brian Schramm Service Above Self Scholarship Fund Inc Legit?

Quick charity verification for Brian Schramm Service Above Self Scholarship Fund Inc (EIN: 205568505)

Verdict: Brian Schramm Service Above Self Scholarship Fund Inc shows mixed signals

65/100Mission Score
$542Revenue
$15KAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Brian Schramm Service Above Self Scholarship Fund Inc. appears to be a very small, volunteer-run organization focused on providing scholarships. Its financial health shows a consistent decline in assets over the past four years, from $22,627 in 2015 to $14,669 in 2018, indicating that expenses have consistently outpaced revenue. For example, in 2018, revenue was $542 while expenses were $2,000. This trend suggests a reliance on existing assets to fund its operations, which is not sustainable long-term without increased fundraising. Spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total figures. However, given the organization's small size and zero reported officer compensation, it's likely that a significant portion of its expenses are directly related to its program (scholarships) and necessary administrative costs. The consistent deficit spending, where expenses are significantly higher than revenue, is a primary concern regarding its financial sustainability. Transparency appears to be adequate for an organization of this size, with consistent IRS 990 filings. The absence of officer compensation is a positive indicator of volunteer leadership, which can contribute to lower overhead. However, the consistent depletion of assets warrants closer examination of its fundraising strategies and long-term viability.

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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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