Quick charity verification for Mycological Society Of America The (EIN: 166077141)
Verdict: Mycological Society Of America The appears trustworthy
90/100Mission Score
$328KRevenue
$2.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $1,172,592 in 2013 to $2,596,407 in 2021.
No reported officer compensation across all 12 filings, indicating efficient use of funds.
Consistently operates with a surplus (revenue exceeding expenses) in most years, e.g., $233,916 revenue vs $139,221 expenses in 2021.
Low liabilities relative to assets, demonstrating strong financial stability.
Strong financial reserves, with assets significantly exceeding annual revenue.
Spending Breakdown
How Mycological Society Of America The allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Mycological Society Of America The
Is Mycological Society Of America The a legitimate charity?
Based on AI analysis of IRS 990 filings, Mycological Society Of America The (EIN: 166077141) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Mycological Society Of America The a good charity to donate to?
Mycological Society Of America The has a Mission Score of 90/100. Revenue: $328K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mycological Society Of America The?
The Employer Identification Number (EIN) for Mycological Society Of America The is 166077141. 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 Mycological Society Of America The spend its money?
Mycological Society Of America The allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mycological Society Of America The's tax-exempt status?
You can verify Mycological Society Of America The's tax-exempt status using EIN 166077141 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 Mycological Society Of America The demonstrates consistent financial health, maintaining a strong asset base relative to its annual revenue. For instance, in 2021, with revenue of $233,916, its assets stood at $2,596,407, indicating robust financial reserves. The organization consistently spends less than it earns, as seen in 2021 where expenses were $139,221 against $233,916 in revenue, contributing to asset growth over time. This prudent financial management suggests a sustainable operational model.
The organization's spending efficiency appears high, with a significant portion of its expenses likely directed towards its programmatic mission, given the absence of reported officer compensation across all filings. This suggests a lean operational structure. While a detailed functional expense breakdown is not provided in the summary data, the consistent positive net income and asset growth imply effective resource allocation. The lack of reported officer compensation also points to a high degree of transparency regarding executive pay, as it indicates either a volunteer-led executive team or compensation below reporting thresholds, which is a positive sign for a nonprofit of this size.
Overall, the Mycological Society Of America The exhibits strong financial stewardship. Its consistent asset growth, low liabilities, and absence of reported officer compensation across multiple years reflect a well-managed and transparent organization. The financial data suggests a focus on accumulating reserves, which provides stability and long-term sustainability for its mission.