Is International Seaplane Fly In Inc C/O Malcolm R Folsom President Legit?
Quick charity verification for International Seaplane Fly In Inc C/O Malcolm R Folsom President (EIN: 10467049)
Verdict: International Seaplane Fly In Inc C/O Malcolm R Folsom President appears trustworthy
90/100Mission Score
$74KRevenue
$94KAssets
1Red Flags
5Strengths
Red Flags
NTEE code unknown, limiting specific programmatic understanding
Strengths
Consistent asset growth, from $45,712 in 2015 to $108,241 in 2022
Zero officer compensation across all filings, indicating high efficiency
Consistently low expenses relative to revenue, allowing for asset accumulation
Zero liabilities reported in almost all periods, demonstrating strong financial stability
Consistent IRS 990 filing history, indicating good transparency
Spending Breakdown
How International Seaplane Fly In Inc C/O Malcolm R Folsom President allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 International Seaplane Fly In Inc C/O Malcolm R Folsom President
Is International Seaplane Fly In Inc C/O Malcolm R Folsom President a legitimate charity?
Based on AI analysis of IRS 990 filings, International Seaplane Fly In Inc C/O Malcolm R Folsom President (EIN: 10467049) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is International Seaplane Fly In Inc C/O Malcolm R Folsom President a good charity to donate to?
International Seaplane Fly In Inc C/O Malcolm R Folsom President has a Mission Score of 90/100. Revenue: $74K. Assets: $94K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Seaplane Fly In Inc C/O Malcolm R Folsom President?
The Employer Identification Number (EIN) for International Seaplane Fly In Inc C/O Malcolm R Folsom President is 10467049. 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 International Seaplane Fly In Inc C/O Malcolm R Folsom President spend its money?
International Seaplane Fly In Inc C/O Malcolm R Folsom President allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Seaplane Fly In Inc C/O Malcolm R Folsom President's tax-exempt status?
You can verify International Seaplane Fly In Inc C/O Malcolm R Folsom President's tax-exempt status using EIN 10467049 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
International Seaplane Fly In Inc operates with a very lean financial structure, consistently reporting zero liabilities and no officer compensation across all available filings. This indicates a strong commitment to directing resources towards its mission rather than administrative overhead or executive pay. While its revenue fluctuates, with the latest reported at $74,097, the organization has consistently maintained positive net assets, growing from $45,712 in 2015 to $108,241 in 2022. The organization's financial health appears stable, especially given its modest scale and consistent asset growth.
The spending efficiency is commendable, particularly the absence of officer compensation, which suggests a volunteer-driven or very low-cost operational model. The organization's expenses are generally well below its revenues, allowing for asset accumulation. For example, in 2021, revenue was $28,138 against expenses of $2,403, demonstrating significant efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent growth in assets, coupled with minimal expenses, points to a financially prudent operation.
Transparency is high regarding executive compensation and liabilities, both consistently reported as zero. The consistent filing of IRS Form 990s over 12 periods also demonstrates a commitment to public disclosure. However, the lack of NTEE code information and detailed expense breakdowns in the provided summary limits a deeper understanding of its specific programmatic focus and how its expenses are allocated. Despite this, the overall picture is one of a well-managed, transparent organization, particularly concerning its use of funds for personnel.