Is Elmwood Franklin School Inc Legit? —…

Strengths

Strong revenue growth, with revenue increasing from $9,096,126 in 202206 to $13,771,773 in 202306.
Significant asset growth, from $10,738,190 in 202006 to $16,850,957 in 202306, indicating financial stability and accumulation of resources.
Positive net income in recent years, with revenue consistently exceeding expenses, such as in 202306 where revenue was $13,771,773 and expenses were $8,273,593.
Consistent financial reporting over 13 periods, demonstrating transparency in filing practices.

Spending Breakdown

How Elmwood Franklin School 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

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 Elmwood Franklin School Inc

Is Elmwood Franklin School Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Elmwood Franklin School Inc (EIN: 160743000) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Elmwood Franklin School Inc a good charity to donate to?

Elmwood Franklin School Inc has a Mission Score of 85/100. Revenue: $9.9M. Assets: $17.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Elmwood Franklin School Inc?

The Employer Identification Number (EIN) for Elmwood Franklin School Inc is 160743000. 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 Elmwood Franklin School Inc spend its money?

Elmwood Franklin School Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Elmwood Franklin School Inc's tax-exempt status?

You can verify Elmwood Franklin School Inc's tax-exempt status using EIN 160743000 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

Elmwood Franklin School Inc demonstrates a generally healthy financial position with consistent revenue growth and increasing assets over the past several years. In the latest filing (202306), the organization reported revenue of $13,771,773 against expenses of $8,273,593, indicating a significant surplus that contributes to asset growth. The organization's assets have grown from $10,738,190 in 202006 to $16,850,957 in 202306, showcasing strong financial management and accumulation of resources.

Spending efficiency appears robust, with expenses consistently lower than revenue in recent periods, particularly in 202306 where expenses were approximately 60% of revenue. This suggests effective cost control relative to income. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of their transparency and financial practices, indicating that the highest-ranking individuals are not receiving compensation directly from the organization, which is unusual for an organization of this size and could imply compensation is handled differently or through a related entity not reflected in this specific line item.

Overall, the school appears to be in a strong financial position, capable of sustaining its operations and potentially expanding its programs. The consistent growth in assets and positive net income trends are positive indicators of long-term stability. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency in each category is limited.

Is Elmwood Franklin School Inc Legit?

Verdict: Elmwood Franklin School Inc appears trustworthy

Red Flags