Is Friends Of The Southwest Virginia Museum Historical State Park Legit?

Quick charity verification for Friends Of The Southwest Virginia Museum Historical State Park (EIN: 142003671)

Verdict: Friends Of The Southwest Virginia Museum Historical State Park appears trustworthy

95/100Mission Score
$310KRevenue
$1.2MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

Spending Breakdown

How Friends Of The Southwest Virginia Museum Historical State Park allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 The Southwest Virginia Museum Historical State Park

Is Friends Of The Southwest Virginia Museum Historical State Park a legitimate charity?

Based on AI analysis of IRS 990 filings, Friends Of The Southwest Virginia Museum Historical State Park (EIN: 142003671) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Friends Of The Southwest Virginia Museum Historical State Park a good charity to donate to?

Friends Of The Southwest Virginia Museum Historical State Park has a Mission Score of 95/100. Revenue: $310K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Friends Of The Southwest Virginia Museum Historical State Park?

The Employer Identification Number (EIN) for Friends Of The Southwest Virginia Museum Historical State Park is 142003671. 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 The Southwest Virginia Museum Historical State Park spend its money?

Friends Of The Southwest Virginia Museum Historical State Park allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Friends Of The Southwest Virginia Museum Historical State Park's tax-exempt status?

You can verify Friends Of The Southwest Virginia Museum Historical State Park's tax-exempt status using EIN 142003671 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 The Southwest Virginia Museum Historical State Park demonstrates strong financial health and efficiency, particularly in its recent fiscal periods. In 2023, the organization reported revenue of $312,159 against expenses of $90,241, indicating a significant surplus that contributes to its growing asset base. This trend of revenue substantially exceeding expenses is consistent across recent years, with 2022 showing revenue of $312,222 against expenses of $71,065. The organization's assets have grown impressively from $12,928 in 2014 to $962,603 in 2023, reflecting sound financial management and accumulation of resources. The organization's spending efficiency appears high, as evidenced by its low expense ratios relative to revenue. With no reported officer compensation across all filings, the organization minimizes overhead in this area, suggesting that resources are primarily directed towards its mission. The absence of liabilities in most recent filings further underscores a healthy financial position and responsible fiscal practices. The consistent growth in assets, coupled with low expenses, indicates a well-managed and financially stable entity. Transparency is also a strong point, with 13 filings available, demonstrating consistent reporting to the IRS. The clear financial statements, including zero officer compensation, provide a straightforward view of the organization's financial operations. This level of detail and consistency in reporting contributes to a high degree of transparency, allowing stakeholders to easily assess its financial performance and resource allocation.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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