Is J R Hyde Jr Scholarship Fund Legit? —…

Quick charity verification for J R Hyde Jr Scholarship Fund (EIN: 136967610)

Strengths

100% Program Spending: All reported expenses are directed towards program services, indicating maximum impact.
Zero Officer Compensation: No salaries are paid to officers, maximizing funds for the mission.
Consistent Asset Growth: Assets have steadily increased from $9.9M to $13.3M over the last decade, demonstrating strong financial health.
Low Liabilities: Consistently reports minimal liabilities ($0 or $1), indicating excellent financial management and solvency.
Stable Expense Management: Expenses have remained relatively consistent, showing predictable operational costs despite revenue fluctuations.

Spending Breakdown

How J R Hyde Jr Scholarship Fund allocates its funds across programs, administration, and fundraising.

100%

Program Spending

Healthy — majority goes to mission

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 J R Hyde Jr Scholarship Fund

Is J R Hyde Jr Scholarship Fund a legitimate charity?

Based on AI analysis of IRS 990 filings, J R Hyde Jr Scholarship Fund (EIN: 136967610) appears trustworthy. Mission Score: 98/100. 1 red flag identified, 5 strengths noted.

Is J R Hyde Jr Scholarship Fund a good charity to donate to?

J R Hyde Jr Scholarship Fund has a Mission Score of 98/100. Revenue: $5.3M. Assets: $13.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for J R Hyde Jr Scholarship Fund?

The Employer Identification Number (EIN) for J R Hyde Jr Scholarship Fund is 136967610. 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 J R Hyde Jr Scholarship Fund spend its money?

J R Hyde Jr Scholarship Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify J R Hyde Jr Scholarship Fund's tax-exempt status?

You can verify J R Hyde Jr Scholarship Fund's tax-exempt status using EIN 136967610 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 J R Hyde Jr Scholarship Fund appears to be a financially stable organization with a consistent history of asset growth and a strong focus on its program services. Over the past several years, the organization has maintained assets well over $10 million, reaching $13,389,238 in the 202407 period. Its revenue streams have fluctuated, with the latest reported revenue at $1,323,042, but expenses have remained relatively stable, typically in the $700,000 range. This indicates prudent financial management and a capacity to sustain its operations.

The organization demonstrates excellent spending efficiency, with a very high percentage of its expenses dedicated to program services. For instance, in the 202407 period, with expenses of $731,042, the vast majority would be directed towards scholarships, given the nature of the fund and the absence of officer compensation. The consistent reporting of zero officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds to its mission rather than administrative overhead. The minimal liabilities reported ($1 in recent years) further underscores its strong financial health.

Overall, the J R Hyde Jr Scholarship Fund exhibits strong financial health, high spending efficiency, and a commendable level of transparency, particularly through its consistent reporting of no officer compensation. Its consistent asset growth and stable expense management suggest a well-managed and impactful scholarship program.

Is J R Hyde Jr Scholarship Fund Legit?

Verdict: J R Hyde Jr Scholarship Fund appears trustworthy

Red Flags