Is Literacy Volunteers Of Somerset County Inc Legit?
Quick charity verification for Literacy Volunteers Of Somerset County Inc (EIN: 222999900)
Verdict: Literacy Volunteers Of Somerset County Inc appears trustworthy
75/100Mission Score
$484KRevenue
$491KAssets
1Red Flags
3Strengths
Red Flags
Revenue growth has been inconsistent, with fluctuations year-over-year (e.g., $198,114 in 2021 to $163,979 in 2022, then up to $218,771 in 2023).
Strengths
Consistently high percentage of expenses dedicated to programs (e.g., 81% in 2023, 80% in 2022, 80% in 2021).
Zero reported executive compensation, maximizing funds for mission-related activities.
Healthy asset growth over the past several years, indicating financial stability.
Spending Breakdown
How Literacy Volunteers Of Somerset County Inc allocates its funds across programs, administration, and fundraising.
81%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
9%
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 Literacy Volunteers Of Somerset County Inc
Is Literacy Volunteers Of Somerset County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Volunteers Of Somerset County Inc (EIN: 222999900) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Literacy Volunteers Of Somerset County Inc a good charity to donate to?
Literacy Volunteers Of Somerset County Inc has a Mission Score of 75/100. Revenue: $484K. Assets: $491K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Literacy Volunteers Of Somerset County Inc?
The Employer Identification Number (EIN) for Literacy Volunteers Of Somerset County Inc is 222999900. 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 Literacy Volunteers Of Somerset County Inc spend its money?
Literacy Volunteers Of Somerset County Inc allocates 81% to programs, 10% to administration, and 9% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Literacy Volunteers Of Somerset County Inc's tax-exempt status?
You can verify Literacy Volunteers Of Somerset County Inc's tax-exempt status using EIN 222999900 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
Literacy Volunteers Of Somerset County Inc is a human services nonprofit based in Bridgewater, New Jersey, with reported revenue of $484K and assets of $491K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 81% of spending goes to programs, 10% to administration, and 9% to fundraising. - The organization consistently reports 0% compensation for its highest-paid employees, indicating a volunteer-led executive structure.
- Financial filings show a consistent pattern of program expenses forming the vast majority of total expenses.
- The organization's assets have grown steadily over the past several years, from $75,374 in 2017 to $223,180 in 2023. Executive compensation is reported as $0 across all available filings, suggesting a fully volunteer-run leadership, which is a positive indicator for donor funds directly supporting programs. Revenue has grown +179% across 13 filing periods.