Quick charity verification for Ingenium Schools (EIN: 113794105)
Verdict: Ingenium Schools appears trustworthy
92/100Mission Score
$21.4MRevenue
$12.8MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program, administrative, and fundraising expense breakdowns in the provided summary data, making a precise spending efficiency analysis challenging without full 990 access.
Strengths
Consistent revenue growth, increasing from $7.49 million in 2014 to $23.77 million in 2023.
Strong asset growth, from $2.09 million in 2014 to $15.89 million in 2023, indicating financial stability.
0% officer compensation reported across all 13 filings, suggesting highly efficient use of funds and strong commitment to mission.
Healthy asset-to-liability ratio, indicating manageable debt and strong financial position.
Consistent generation of surpluses (revenue exceeding expenses) in most recent years, allowing for asset accumulation and future investment.
Spending Breakdown
How Ingenium Schools 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 Ingenium Schools
Is Ingenium Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Ingenium Schools (EIN: 113794105) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Ingenium Schools a good charity to donate to?
Ingenium Schools has a Mission Score of 92/100. Revenue: $21.4M. Assets: $12.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ingenium Schools?
The Employer Identification Number (EIN) for Ingenium Schools is 113794105. 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 Ingenium Schools spend its money?
Ingenium Schools allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ingenium Schools's tax-exempt status?
You can verify Ingenium Schools's tax-exempt status using EIN 113794105 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
Ingenium Schools demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding financial base. For instance, revenue grew from $7.49 million in 2014 to $23.77 million in 2023, and assets increased from $2.09 million to $15.89 million in the same period. The organization consistently reports 0% officer compensation, which is a significant positive indicator for transparency and efficient use of funds, as it suggests that leadership is not drawing salaries from the organization's budget. This practice aligns well with a strong program focus.
The organization's spending efficiency appears robust, with expenses generally tracking closely to revenue, suggesting that funds are being deployed for their intended purposes. For example, in 2023, expenses were $21.54 million against revenues of $23.77 million, leaving a healthy surplus. The consistent growth in assets, alongside manageable liabilities, further reinforces a picture of sound financial management and long-term sustainability. The absence of reported officer compensation is a key factor in assessing their financial health and commitment to mission.
While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial trends, particularly the 0% officer compensation and consistent asset growth, suggest a well-managed and transparent operation. The organization's ability to generate surpluses and grow its asset base while maintaining no officer compensation points to a strong commitment to its mission and efficient resource allocation.