Quick charity verification for Essex Skypark Association (EIN: 202127214)
Verdict: Essex Skypark Association appears trustworthy
92/100Mission Score
$119KRevenue
$211KAssets
1Red Flags
5Strengths
Red Flags
One year (2018) had expenses significantly exceeding revenue ($149,940 vs $77,080), leading to temporary liabilities, though this appears to be an isolated event and was resolved.
Strengths
Consistent asset growth, from $42,027 in 2014 to $166,035 in 2023, demonstrating strong financial stewardship.
No reported officer compensation across all filings, indicating a volunteer-driven and highly efficient leadership structure.
Revenues generally exceed expenses, contributing to financial stability and growth.
Minimal to zero liabilities in most recent filings, reflecting a healthy balance sheet.
Consistent IRS 990 filing history (13 filings), indicating strong transparency.
Spending Breakdown
How Essex Skypark Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Essex Skypark Association
Is Essex Skypark Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Essex Skypark Association (EIN: 202127214) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Essex Skypark Association a good charity to donate to?
Essex Skypark Association has a Mission Score of 92/100. Revenue: $119K. Assets: $211K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Essex Skypark Association?
The Employer Identification Number (EIN) for Essex Skypark Association is 202127214. 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 Essex Skypark Association spend its money?
Essex Skypark Association allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Essex Skypark Association's tax-exempt status?
You can verify Essex Skypark Association's tax-exempt status using EIN 202127214 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 Essex Skypark Association demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to a steady growth in assets. For example, in 2023, revenue was $119,397 against expenses of $79,287, contributing to an asset base of $166,035. The organization's liabilities have been minimal or zero in most recent filings, indicating a strong balance sheet and responsible financial management. The absence of reported officer compensation across all available filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds.
While specific program spending details are not provided in the summary data, the overall financial picture suggests a well-managed organization. The consistent growth in assets, from $42,027 in 2014 to $166,035 in 2023, indicates effective stewardship of resources. The organization's transparency is high given its consistent filing of IRS Form 990s, and the lack of reported liabilities or officer compensation simplifies financial analysis and builds trust.
Overall, the Essex Skypark Association appears to be a financially stable and efficiently run organization, particularly given its consistent asset growth and the absence of executive compensation. Its financial practices suggest a strong focus on its mission without significant overheads.