Is Literary And Prologue Society Of The Southwest Legit?
Quick charity verification for Literary And Prologue Society Of The Southwest (EIN: 202868229)
Verdict: Literary And Prologue Society Of The Southwest appears trustworthy
92/100Mission Score
$946KRevenue
$1.4MAssets
1Red Flags
5Strengths
Red Flags
Increase in liabilities to $1,204 in 202306 after years of $0 liabilities, though still a small amount.
Strengths
Consistent revenue growth over the past decade, from $256,532 in 2014 to $709,428 in 2023.
Significant asset accumulation, growing from $10,549 in 2014 to $1,379,309 currently.
0% reported officer compensation across all filings, indicating high efficiency in directing funds to programs.
Expenses generally kept below revenue, leading to healthy surpluses and asset building.
Consistent filing of IRS Form 990s for 13 periods, demonstrating transparency and compliance.
Spending Breakdown
How Literary And Prologue Society Of The Southwest 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 Literary And Prologue Society Of The Southwest
Is Literary And Prologue Society Of The Southwest a legitimate charity?
Based on AI analysis of IRS 990 filings, Literary And Prologue Society Of The Southwest (EIN: 202868229) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Literary And Prologue Society Of The Southwest a good charity to donate to?
Literary And Prologue Society Of The Southwest has a Mission Score of 92/100. Revenue: $946K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Literary And Prologue Society Of The Southwest?
The Employer Identification Number (EIN) for Literary And Prologue Society Of The Southwest is 202868229. 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 Literary And Prologue Society Of The Southwest spend its money?
Literary And Prologue Society Of The Southwest allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Literary And Prologue Society Of The Southwest's tax-exempt status?
You can verify Literary And Prologue Society Of The Southwest's tax-exempt status using EIN 202868229 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 Literary And Prologue Society Of The Southwest demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past decade. Latest revenue stands at $945,714, a substantial increase from $256,532 in 2014. The organization has consistently managed to keep expenses below revenue in most recent years, leading to asset accumulation, reaching $1,379,309. However, the 202306 filing shows a notable increase in liabilities to $1,204, which warrants closer examination, although it's a small fraction of total assets. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency.
The organization's financial health appears robust, supported by a pattern of revenue exceeding expenses in most periods, particularly in 202306 where revenue was $709,428 against expenses of $459,510. This surplus contributes to building reserves and capacity. The absence of reported officer compensation enhances the perception of spending efficiency, as a greater proportion of funds can be allocated to programmatic activities. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to transparency and regulatory compliance.