Quick charity verification for International Skating Program Inc (EIN: 10598493)
Verdict: International Skating Program Inc shows mixed signals
45/100Mission Score
$536KRevenue
$4KAssets
4Red Flags
2Strengths
Red Flags
Extremely low asset base (e.g., $3,863 in 2023, and negative assets in 2014) indicating a lack of financial reserves.
Consistently high liabilities (e.g., $223,478 in 2023) significantly outweighing assets, suggesting potential solvency issues.
Expenses frequently close to or exceeding revenue, indicating thin operating margins and difficulty building reserves.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a full efficiency assessment difficult.
Strengths
Consistent reporting of 0% officer compensation, indicating that executive salaries are not a drain on resources.
Long filing history (13 filings) suggests ongoing operations, despite financial challenges.
Spending Breakdown
How International Skating Program Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 International Skating Program Inc
Is International Skating Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, International Skating Program Inc (EIN: 10598493) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is International Skating Program Inc a good charity to donate to?
International Skating Program Inc has a Mission Score of 45/100. Revenue: $536K. Assets: $4K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for International Skating Program Inc?
The Employer Identification Number (EIN) for International Skating Program Inc is 10598493. 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 Skating Program Inc spend its money?
International Skating Program Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify International Skating Program Inc's tax-exempt status?
You can verify International Skating Program Inc's tax-exempt status using EIN 10598493 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 Skating Program Inc. demonstrates a concerning financial profile. While the organization has consistently reported revenue, its asset base is extremely low, with the latest reported assets at $3,863, and even a negative asset value of $-14,688 in 2014. This indicates a severe lack of financial reserves and potential solvency issues. Liabilities have also been consistently high, reaching $223,478 in 2023, significantly outweighing assets. The organization's financial health appears precarious, relying heavily on current revenue to cover expenses without building a stable financial foundation.
The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent pattern of expenses often closely tracking or exceeding revenue (e.g., 2021 expenses of $532,516 against revenue of $486,424) suggests that the organization operates on very thin margins. The lack of reported officer compensation across all filings could be a positive indicator of resource allocation, assuming it's accurate and not indicative of other issues. However, the overall financial instability overshadows this.
Transparency regarding executive compensation is high, as 0% officer compensation is consistently reported. However, the overall financial picture, particularly the persistent high liabilities and minimal assets, raises questions about the organization's long-term viability and financial management practices. A more detailed breakdown of expenses would be crucial for a complete assessment of spending efficiency and program impact.