Is Hoosac School Legit?

Strengths

Strong and consistent revenue growth over the past decade, from $5.2M in 2014 to $13.3M in 2023.
Consistent operating surpluses in recent years, demonstrating sound financial management (e.g., $2.8M surplus in 2023).
Significant growth in assets, from $6.4M in 2014 to $13.8M in 2023, indicating increasing financial capacity.
Healthy asset-to-liability ratio, suggesting good financial health and solvency.

Spending Breakdown

How Hoosac School allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Hoosac School

Is Hoosac School a legitimate charity?

Based on AI analysis of IRS 990 filings, Hoosac School (EIN: 131687137) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Hoosac School a good charity to donate to?

Hoosac School has a Mission Score of 85/100. Revenue: $12.9M. Assets: $14.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hoosac School?

The Employer Identification Number (EIN) for Hoosac School is 131687137. 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 Hoosac School spend its money?

Hoosac School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hoosac School's tax-exempt status?

You can verify Hoosac School's tax-exempt status using EIN 131687137 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

Hoosac School demonstrates a pattern of consistent revenue growth over the past decade, with revenue increasing from $5,268,161 in 2014 to $13,355,753 in 2023. This growth is generally accompanied by a healthy surplus, as seen in 2023 where revenue of $13,355,753 exceeded expenses of $10,497,588, indicating sound financial management and an ability to generate more income than it spends. The organization's assets have also grown significantly, from $6,414,698 in 2014 to $13,800,102 in 2023, suggesting a strengthening financial position.

While the provided data indicates 'Officer Comp=0%' across all filings, this typically means compensation for officers, directors, trustees, and key employees is reported elsewhere or is not directly paid by the organization in a way that triggers this specific line item on the 990 summary. Further investigation into the full 990 forms would be necessary to understand the complete picture of executive compensation and ensure transparency in this area. The consistent positive net income in recent years, such as the $2,858,165 surplus in 2023, points to effective financial stewardship.

Overall, Hoosac School appears to be in a strong and improving financial state, characterized by robust revenue growth, increasing assets, and a consistent ability to operate with a surplus. The lack of reported officer compensation on the summary line warrants a deeper look into the full 990s for complete transparency regarding leadership remuneration.

Verdict: Hoosac School appears trustworthy

Red Flags