Is Cool Science Company Legit?

Strengths

Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
Steady growth in assets, from $11,080 in 2015 to $67,251 in 2023, demonstrating financial health.
Very low liabilities, consistently under $2,000 in recent years, indicating minimal debt burden.
Consistent revenue generation, with latest revenue at $138,969, supporting ongoing operations.
Long history of IRS 990 filings (13 periods), indicating transparency and compliance.

Spending Breakdown

How Cool Science Company allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Cool Science Company

Is Cool Science Company a legitimate charity?

Based on AI analysis of IRS 990 filings, Cool Science Company (EIN: 141845037) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Cool Science Company a good charity to donate to?

Cool Science Company has a Mission Score of 90/100. Revenue: $139K. Assets: $93K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cool Science Company?

The Employer Identification Number (EIN) for Cool Science Company is 141845037. 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 Cool Science Company spend its money?

Cool Science Company allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cool Science Company's tax-exempt status?

You can verify Cool Science Company's tax-exempt status using EIN 141845037 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

Cool Science Company demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating a stable operational model. For example, in 2023, revenue was $103,431 against expenses of $96,580, resulting in a surplus. The organization's assets have shown a steady increase over time, growing from $11,080 in 2015 to $67,251 in 2023, suggesting prudent financial management and accumulation of resources. Liabilities remain low, consistently under $2,000 in most recent periods, which is a positive indicator of financial health and low debt burden.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program activities and operational costs rather than executive salaries. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't provided in the summary data, the absence of executive compensation is a significant positive for efficiency. The organization's NTEE code (B90 - Science & Technology Research Institutes, Services) aligns with its name, suggesting a clear mission focus.

Transparency is good, with 13 filings available, demonstrating a consistent reporting history. The consistent growth in assets and generally positive net income in recent years (e.g., 2023, 2021, 2020, 2018) indicates a well-managed and financially responsible organization. The lack of officer compensation further enhances its transparency and commitment to mission-driven spending.

Verdict: Cool Science Company appears trustworthy

Red Flags