Quick charity verification for Maritime Academy Of Toledo Inc (EIN: 201778861)
Verdict: Maritime Academy Of Toledo Inc appears trustworthy
70/100Mission Score
$3.7MRevenue
$4.0MAssets
3Red Flags
3Strengths
Red Flags
Liabilities consistently exceed assets, reaching $6,140,481 in 202306 against assets of $4,428,816, indicating a high debt burden.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to fully assess spending efficiency.
Consistent 0% officer compensation reported, which could indicate a lack of transparency if executives are compensated through other means.
Strengths
Consistent revenue generation, with revenue reaching $4,356,919 in 202306.
Long history of operations with 13 IRS 990 filings, demonstrating commitment to regulatory compliance.
Expenses generally align with or are slightly below revenue, indicating a balanced operational budget in most periods (e.g., $4,277,014 expenses vs. $4,356,919 revenue in 202306).
Spending Breakdown
How Maritime Academy Of Toledo Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Maritime Academy Of Toledo Inc
Is Maritime Academy Of Toledo Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maritime Academy Of Toledo Inc (EIN: 201778861) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Maritime Academy Of Toledo Inc a good charity to donate to?
Maritime Academy Of Toledo Inc has a Mission Score of 70/100. Revenue: $3.7M. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maritime Academy Of Toledo Inc?
The Employer Identification Number (EIN) for Maritime Academy Of Toledo Inc is 201778861. 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 Maritime Academy Of Toledo Inc spend its money?
Maritime Academy Of Toledo Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maritime Academy Of Toledo Inc's tax-exempt status?
You can verify Maritime Academy Of Toledo Inc's tax-exempt status using EIN 201778861 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 Maritime Academy Of Toledo Inc. demonstrates consistent operational activity with revenues and expenses generally in the range of $3-4 million over the past decade. While the organization has shown growth in revenue, reaching $4,356,919 in the 202306 period, its liabilities have also significantly increased, reaching $6,140,481 in the same period, exceeding its assets of $4,428,816. This indicates a reliance on debt or other non-equity financing. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is not reported in this specific field, which could impact the perception of transparency regarding executive pay. The organization's financial health appears stable in terms of operational revenue, but the growing liabilities warrant closer examination.
The organization's spending efficiency, based on the provided data, shows that expenses are generally in line with or slightly below revenue in most years, indicating a balanced operational budget. For example, in 202306, expenses were $4,277,014 against revenues of $4,356,919, suggesting a lean operational margin. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency towards its mission is challenging. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and basic financial transparency.
Overall, the Maritime Academy Of Toledo Inc. appears to be a functionally stable organization with a long history of operations. Its financial health is characterized by consistent revenue generation but also by a growing debt burden. The lack of reported officer compensation is a notable point for transparency, and a more detailed breakdown of expenses would further clarify its spending efficiency and program focus.