Is Horatio Alger Association Of Distinguished Americans Inc Legit?
Quick charity verification for Horatio Alger Association Of Distinguished Americans Inc (EIN: 131669975)
Verdict: Horatio Alger Association Of Distinguished Americans Inc appears trustworthy
85/100Mission Score
$40.0MRevenue
$39.7MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, with $31,058,997 in 2023.
Strong asset base, with $40,756,109 in 2023.
Reported 0% officer compensation across all filings, indicating high efficiency in executive overhead.
Generally positive net income or manageable deficits in most recent years, such as the $1,343,656 surplus in 2023.
Long filing history (14 filings) demonstrating consistent compliance and transparency.
Spending Breakdown
How Horatio Alger Association Of Distinguished Americans Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Horatio Alger Association Of Distinguished Americans Inc
Is Horatio Alger Association Of Distinguished Americans Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horatio Alger Association Of Distinguished Americans Inc (EIN: 131669975) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Horatio Alger Association Of Distinguished Americans Inc a good charity to donate to?
Horatio Alger Association Of Distinguished Americans Inc has a Mission Score of 85/100. Revenue: $40.0M. Assets: $39.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horatio Alger Association Of Distinguished Americans Inc?
The Employer Identification Number (EIN) for Horatio Alger Association Of Distinguished Americans Inc is 131669975. 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 Horatio Alger Association Of Distinguished Americans Inc spend its money?
Horatio Alger Association Of Distinguished Americans Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horatio Alger Association Of Distinguished Americans Inc's tax-exempt status?
You can verify Horatio Alger Association Of Distinguished Americans Inc's tax-exempt status using EIN 131669975 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 Horatio Alger Association of Distinguished Americans Inc. demonstrates generally sound financial health, with recent filings showing consistent revenue generation. In 2023, the organization reported revenues of $31,058,997 against expenses of $29,715,341, indicating a surplus. While assets have fluctuated, they remain substantial at $40,756,109 in 2023, providing a strong financial base. The organization's spending efficiency appears reasonable, though a detailed breakdown of program, administrative, and fundraising expenses is needed for a complete assessment. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for transparency and donor trust. However, without specific details on program spending versus other operational costs, it's challenging to fully evaluate the efficiency of their mission delivery.