Is Classical Studies Institute Of Louisville Inc Legit?
Quick charity verification for Classical Studies Institute Of Louisville Inc (EIN: 20792441)
Verdict: Classical Studies Institute Of Louisville Inc appears trustworthy
88/100Mission Score
$578KRevenue
$230KAssets
2Red Flags
3Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is paid by a related entity or that the executive team is entirely volunteer, warranting further inquiry for full transparency.
Significant deficit in 2022 where expenses ($636,125) exceeded revenue ($565,641).
Strengths
Consistent reporting of 0% officer compensation, indicating a strong commitment to program spending.
Generally stable financial health with revenues often exceeding expenses.
Positive trend in reducing liabilities from a peak of $232,366 in 2020 to $104,463 in 2023.
Spending Breakdown
How Classical Studies Institute Of Louisville 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
5%
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 Classical Studies Institute Of Louisville Inc
Is Classical Studies Institute Of Louisville Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Classical Studies Institute Of Louisville Inc (EIN: 20792441) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 3 strengths noted.
Is Classical Studies Institute Of Louisville Inc a good charity to donate to?
Classical Studies Institute Of Louisville Inc has a Mission Score of 88/100. Revenue: $578K. Assets: $230K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Classical Studies Institute Of Louisville Inc?
The Employer Identification Number (EIN) for Classical Studies Institute Of Louisville Inc is 20792441. 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 Classical Studies Institute Of Louisville Inc spend its money?
Classical Studies Institute Of Louisville Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Classical Studies Institute Of Louisville Inc's tax-exempt status?
You can verify Classical Studies Institute Of Louisville Inc's tax-exempt status using EIN 20792441 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
The Classical Studies Institute Of Louisville Inc demonstrates a generally stable financial position, with revenues consistently covering expenses in most recent years. For instance, in 2023, the organization reported revenues of $505,330 against expenses of $475,642, indicating a surplus. However, there was a notable deficit in 2022, with expenses of $636,125 exceeding revenues of $565,641. The organization's assets have fluctuated, reaching a high of $288,626 in 2020 and currently standing at $229,678. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency. The organization's liabilities have also varied, peaking at $232,366 in 2020, but have since decreased to $104,463 in 2023, showing improved financial management.