Is Edward J Madden Memorial Open Legit? —…

Quick charity verification for Edward J Madden Memorial Open (EIN: 111962110)

Strengths

Consistently reports 0% officer compensation, indicating strong financial transparency and dedication to mission.
Maintains a substantial asset base ($1,257,816 in 2024), providing financial stability.
Low liabilities relative to assets across all reported periods, indicating good financial health.
Significant asset growth observed between 2021 and 2022, demonstrating capacity for financial development.

Spending Breakdown

How Edward J Madden Memorial Open allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Edward J Madden Memorial Open

Is Edward J Madden Memorial Open a legitimate charity?

Based on AI analysis of IRS 990 filings, Edward J Madden Memorial Open (EIN: 111962110) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Edward J Madden Memorial Open a good charity to donate to?

Edward J Madden Memorial Open has a Mission Score of 85/100. Revenue: $353K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Edward J Madden Memorial Open?

The Employer Identification Number (EIN) for Edward J Madden Memorial Open is 111962110. 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 Edward J Madden Memorial Open spend its money?

Edward J Madden Memorial Open allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Edward J Madden Memorial Open's tax-exempt status?

You can verify Edward J Madden Memorial Open's tax-exempt status using EIN 111962110 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 Edward J Madden Memorial Open demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization's assets have shown significant growth, particularly between 2021 and 2022, jumping from $171,182 to $1,524,646, indicating successful fundraising or investment activities. While recent years (2023 and 2024) show expenses exceeding revenue, leading to a decrease in assets from their peak, the overall asset base remains substantial at $1,257,816 in 2024, suggesting a healthy financial reserve. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on directing funds towards its programs rather than administrative overhead.

Spending efficiency appears to be a strength, given the absence of officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's revenue has fluctuated, with a notable spike in 2022 to $796,032, followed by a return to levels closer to historical averages. The consistent reporting of liabilities at relatively low levels compared to assets further reinforces financial stability.

Overall, the Edward J Madden Memorial Open appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. Its significant asset base provides a buffer against revenue fluctuations, and the lack of officer compensation suggests a lean operational model. Further detailed expense breakdowns would enhance the assessment of its spending efficiency.

Is Edward J Madden Memorial Open Legit?

Verdict: Edward J Madden Memorial Open appears trustworthy

Red Flags