Quick charity verification for Hartford Youth Scholars Foundation Inc (EIN: 203495171)
Verdict: Hartford Youth Scholars Foundation Inc appears trustworthy
92/100Mission Score
$2.0MRevenue
$2.3MAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2023 ($1,480,213 vs $1,397,911), though this is not a consistent trend.
Strengths
Consistent revenue growth over the past decade, from $629,406 in 2014 to $1,397,911 in 2023.
Significant asset growth, from $160,007 in 2014 to $1,860,159 in 2023, indicating strong financial management.
0% officer compensation reported across all filings, demonstrating exceptional efficiency and dedication to mission.
Low liabilities relative to assets, indicating sound fiscal control.
Consistent filing of IRS Form 990s over 14 periods, showing strong commitment to transparency.
Spending Breakdown
How Hartford Youth Scholars Foundation Inc 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 Hartford Youth Scholars Foundation Inc
Is Hartford Youth Scholars Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hartford Youth Scholars Foundation Inc (EIN: 203495171) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Hartford Youth Scholars Foundation Inc a good charity to donate to?
Hartford Youth Scholars Foundation Inc has a Mission Score of 92/100. Revenue: $2.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hartford Youth Scholars Foundation Inc?
The Employer Identification Number (EIN) for Hartford Youth Scholars Foundation Inc is 203495171. 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 Hartford Youth Scholars Foundation Inc spend its money?
Hartford Youth Scholars Foundation Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hartford Youth Scholars Foundation Inc's tax-exempt status?
You can verify Hartford Youth Scholars Foundation Inc's tax-exempt status using EIN 203495171 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
Hartford Youth Scholars Foundation Inc demonstrates a generally healthy financial position with consistent revenue growth over the past decade, culminating in $1,397,911 in revenue for the 2023 period. The organization has also built up its assets significantly, reaching $1,860,159 in 2023, indicating sound financial management and capacity building. While expenses have occasionally exceeded revenue, such as in 2023 where expenses were $1,480,213 against $1,397,911 in revenue, these deficits appear manageable and do not indicate a systemic issue, especially given the overall asset growth. The organization's liabilities are consistently low relative to its assets, suggesting good fiscal control.
Spending efficiency appears strong, particularly given the reported 0% officer compensation across all filings, which suggests a high proportion of funds are directed towards programmatic activities rather than executive salaries. This commitment to minimizing administrative overhead is a positive indicator for donors. The consistent filing of IRS Form 990s over 14 periods also points to a strong commitment to transparency, providing a clear historical record of financial operations.
Overall, Hartford Youth Scholars Foundation Inc appears to be a well-managed and transparent organization. Its financial health is robust, characterized by growing assets and controlled liabilities. The absence of officer compensation is a notable strength, indicating a high dedication to program delivery and efficient use of donor funds.