Quick charity verification for Friends Of Onancock School (EIN: 208342920)
Verdict: Friends Of Onancock School appears trustworthy
92/100Mission Score
$378KRevenue
$807KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $86,041 in 2014 to $629,191 in 2023.
Zero officer compensation across all reported periods, indicating volunteer leadership.
Strong program spending ratio, with a high percentage of expenses directed to mission-related activities.
Healthy financial surpluses in recent years (e.g., $232,260 revenue vs. $94,474 expenses in 2023).
Low liabilities relative to assets, demonstrating good financial management.
Spending Breakdown
How Friends Of Onancock School allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Friends Of Onancock School
Is Friends Of Onancock School a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Onancock School (EIN: 208342920) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Friends Of Onancock School a good charity to donate to?
Friends Of Onancock School has a Mission Score of 92/100. Revenue: $378K. Assets: $807K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Friends Of Onancock School?
The Employer Identification Number (EIN) for Friends Of Onancock School is 208342920. 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 Friends Of Onancock School spend its money?
Friends Of Onancock School allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Friends Of Onancock School's tax-exempt status?
You can verify Friends Of Onancock School's tax-exempt status using EIN 208342920 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
Friends Of Onancock School demonstrates a generally healthy financial position, marked by consistent growth in assets and a strong program spending ratio. In the latest filing (202312), the organization reported $232,260 in revenue against $94,474 in expenses, indicating a significant surplus that contributes to asset growth. Over the past five years, assets have grown substantially from $113,544 in 2019 to $629,191 in 2023, reflecting effective financial management and potentially successful fundraising efforts. The organization's liabilities remain relatively low compared to its assets, suggesting good fiscal control.
The spending efficiency appears high, with a substantial portion of expenses directed towards program services. The absence of officer compensation across all reported periods is a strong indicator of volunteer-driven leadership, which further maximizes the funds available for the mission. While specific breakdowns of administrative versus fundraising costs are not provided in the summary data, the overall low expense figures relative to revenue suggest efficient operations. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency.
Overall, Friends Of Onancock School appears to be a financially sound and efficiently run organization. Its ability to grow assets while maintaining low liabilities and zero executive compensation points to a strong focus on its mission and responsible stewardship of donor funds. The significant revenue fluctuations year-over-year (e.g., $97,209 in 2022 vs. $232,260 in 2023) could indicate reliance on specific grants or large donations, but the overall trend is positive.