Quick charity verification for Castlerock Museum Inc (EIN: 200335960)
Verdict: Castlerock Museum Inc appears trustworthy
85/100Mission Score
$157KRevenue
$1.7MAssets
3Red Flags
4Strengths
Red Flags
Sudden and significant increase in liabilities to $1,337,000 in 2023.
Substantial decrease in total assets by over $2 million from 2022 to 2023.
Consistent 0% officer compensation, which is unusual for an organization of this scale and could indicate unreported compensation or reliance on external support.
Strengths
Strong historical financial health with revenues consistently exceeding expenses.
Substantial asset base, even after the 2023 decrease, providing financial stability.
Very low expense ratios relative to revenue, indicating efficient operations.
No reported officer compensation, suggesting a high dedication of resources to the mission.
Spending Breakdown
How Castlerock Museum Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Castlerock Museum Inc
Is Castlerock Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Castlerock Museum Inc (EIN: 200335960) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Castlerock Museum Inc a good charity to donate to?
Castlerock Museum Inc has a Mission Score of 85/100. Revenue: $157K. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Castlerock Museum Inc?
The Employer Identification Number (EIN) for Castlerock Museum Inc is 200335960. 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 Castlerock Museum Inc spend its money?
Castlerock Museum Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Castlerock Museum Inc's tax-exempt status?
You can verify Castlerock Museum Inc's tax-exempt status using EIN 200335960 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
Castlerock Museum Inc. demonstrates a generally healthy financial position with substantial assets relative to its annual expenses. Over the past decade, the organization has consistently reported revenues exceeding expenses, leading to a significant growth in assets from $2,037,699 in 2011 to $1,763,438 in 2023, although there was a notable decrease from a peak of $3,825,964 in 2022. The organization's spending efficiency appears strong, with expenses typically representing a small fraction of its revenue, for example, $147,420 in expenses against $500,460 in revenue in 2023. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive sign for transparency and donor confidence.
The significant increase in liabilities to $1,337,000 in 2023 from negligible amounts in prior years (e.g., $1 in 2022) warrants further investigation to understand its nature and impact on long-term financial stability. Despite this, the organization's asset base remains robust. The NTEE code A50 (Museums) aligns with its name, suggesting a clear programmatic focus. Overall, Castlerock Museum Inc. appears to be a financially stable organization with efficient spending practices and good transparency regarding executive compensation.