Quick charity verification for Golden Crown Literary Society (EIN: 208417315)
Verdict: Golden Crown Literary Society appears trustworthy
95/100Mission Score
$292KRevenue
$285KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and strong revenue growth (from $134,043 in 2014 to $319,329 in 2023).
Healthy and growing asset base (from $50,935 in 2014 to $373,404 in 2023).
0% officer compensation, indicating volunteer leadership and efficient use of funds.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.
Positive net income in most recent periods (e.g., $319,329 revenue vs. $282,121 expenses in 2023).
Spending Breakdown
How Golden Crown Literary Society 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 Golden Crown Literary Society
Is Golden Crown Literary Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Crown Literary Society (EIN: 208417315) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Golden Crown Literary Society a good charity to donate to?
Golden Crown Literary Society has a Mission Score of 95/100. Revenue: $292K. Assets: $285K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Golden Crown Literary Society?
The Employer Identification Number (EIN) for Golden Crown Literary Society is 208417315. 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 Golden Crown Literary Society spend its money?
Golden Crown Literary Society allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Golden Crown Literary Society's tax-exempt status?
You can verify Golden Crown Literary Society's tax-exempt status using EIN 208417315 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 Golden Crown Literary Society demonstrates a strong and consistent financial growth trajectory, with revenue increasing from $134,043 in 2014 to $319,329 in 2023. This growth is accompanied by a healthy accumulation of assets, rising from $50,935 to $373,404 over the same period, indicating sound financial management and an ability to build reserves. The organization consistently reports 0% officer compensation, which is a significant indicator of volunteer-driven leadership and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances its transparency and trustworthiness.
Spending efficiency appears robust, particularly given the absence of executive compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratios (expenses as a percentage of revenue) have varied, but generally show a responsible approach to spending. For instance, in 2023, expenses were $282,121 against revenues of $319,329, suggesting a significant portion of funds are being utilized annually. The consistent filing of IRS Form 990s over 14 periods further underscores a commitment to regulatory compliance and financial transparency.
Overall, the Golden Crown Literary Society exhibits strong financial health, characterized by sustained growth, increasing assets, and a notable dedication to volunteer leadership. The absence of officer compensation is a key strength, suggesting high spending efficiency and a clear focus on its mission. The consistent filing history also points to good governance and transparency practices.