Significant growth in assets over the past decade, from $4.8 million in 2014 to $15.6 million in 2023
Steady revenue growth, demonstrating financial stability and increasing capacity
Strong asset base relative to annual expenses, providing financial resilience
Spending Breakdown
How Financial Services Institute Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Financial Services Institute Inc
Is Financial Services Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Financial Services Institute Inc (EIN: 200587793) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Financial Services Institute Inc a good charity to donate to?
Financial Services Institute Inc has a Mission Score of 85/100. Revenue: $12.1M. Assets: $15.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Financial Services Institute Inc?
The Employer Identification Number (EIN) for Financial Services Institute Inc is 200587793. 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 Financial Services Institute Inc spend its money?
Financial Services Institute Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Financial Services Institute Inc's tax-exempt status?
You can verify Financial Services Institute Inc's tax-exempt status using EIN 200587793 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
Financial Services Institute Inc (FSI) demonstrates consistent financial stability with revenues steadily increasing over the past decade, reaching $10,995,600 in 2023. The organization consistently operates with a surplus, as seen in 2023 where expenses were $10,920,480 against revenues of $10,995,600. This indicates sound financial management and an ability to cover operational costs.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surpluses suggest efficient overall spending. The organization's assets have also grown significantly, from $4,851,083 in 2014 to $15,672,523 in 2023, indicating strong asset accumulation and financial health. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported under 'officer compensation' in the provided data, which would warrant further investigation.