Is Faculty Student Assoc Of State University Maritime College Inc Legit?
Quick charity verification for Faculty Student Assoc Of State University Maritime College Inc (EIN: 131706303)
Verdict: Faculty Student Assoc Of State University Maritime College Inc appears trustworthy
85/100Mission Score
$11.2MRevenue
$6.4MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown beyond total expenses makes it difficult to fully assess program efficiency.
NTEE code is unknown, which limits understanding of its specific mission area.
Strengths
Consistent asset growth, from $887,777 in 2020 to $5,645,933 in 2024, indicating strong financial management.
0% reported officer compensation across all filings, suggesting efficient use of funds.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
Positive net income in recent years (e.g., 2024: Revenue $2,329,202 vs. Expenses $1,538,896).
Spending Breakdown
How Faculty Student Assoc Of State University Maritime College Inc 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 Faculty Student Assoc Of State University Maritime College Inc
Is Faculty Student Assoc Of State University Maritime College Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Faculty Student Assoc Of State University Maritime College Inc (EIN: 131706303) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Faculty Student Assoc Of State University Maritime College Inc a good charity to donate to?
Faculty Student Assoc Of State University Maritime College Inc has a Mission Score of 85/100. Revenue: $11.2M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Faculty Student Assoc Of State University Maritime College Inc?
The Employer Identification Number (EIN) for Faculty Student Assoc Of State University Maritime College Inc is 131706303. 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 Faculty Student Assoc Of State University Maritime College Inc spend its money?
Faculty Student Assoc Of State University Maritime College Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Faculty Student Assoc Of State University Maritime College Inc's tax-exempt status?
You can verify Faculty Student Assoc Of State University Maritime College Inc's tax-exempt status using EIN 131706303 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 Faculty Student Assoc Of State University Maritime College Inc demonstrates a generally stable financial position, with consistent revenue generation and asset growth over the past several years. For instance, assets grew from $887,777 in 2020 to $5,645,933 in 2024, indicating strong financial management and accumulation of resources. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds and a focus on mission-related spending rather than executive salaries. However, without detailed expense breakdowns beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The consistent filing of IRS Form 990s over 14 periods suggests a commitment to transparency.