Quick charity verification for Nacm Scholarship Foundation Inc (EIN: 202574848)
Verdict: Nacm Scholarship Foundation Inc appears trustworthy
92/100Mission Score
$78KRevenue
$532KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent fiscal period (2023), leading to a deficit.
Strengths
Consistent growth in assets over the past decade, from $396,447 in 2015 to $507,377 in 2023.
0% officer compensation reported across all filings, indicating volunteer leadership.
Consistent IRS 990 filing history demonstrates strong transparency.
Maintains a healthy asset base relative to its annual revenue, suggesting financial stability.
Spending Breakdown
How Nacm Scholarship Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Nacm Scholarship Foundation Inc
Is Nacm Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nacm Scholarship Foundation Inc (EIN: 202574848) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Nacm Scholarship Foundation Inc a good charity to donate to?
Nacm Scholarship Foundation Inc has a Mission Score of 92/100. Revenue: $78K. Assets: $532K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nacm Scholarship Foundation Inc?
The Employer Identification Number (EIN) for Nacm Scholarship Foundation Inc is 202574848. 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 Nacm Scholarship Foundation Inc spend its money?
Nacm Scholarship Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nacm Scholarship Foundation Inc's tax-exempt status?
You can verify Nacm Scholarship Foundation Inc's tax-exempt status using EIN 202574848 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
Nacm Scholarship Foundation Inc demonstrates consistent financial stability with a healthy asset base, averaging over $450,000 in assets over the past decade. While revenue fluctuates, the organization generally maintains a positive net income, indicating sound financial management. For instance, in 2022, revenue was $39,200 against expenses of $33,453, showing a surplus. However, the most recent filing (2023) shows expenses ($53,687) exceeding revenue ($38,260), resulting in a deficit for that period. The organization's transparency is strong, particularly given its consistent filing of IRS Form 990s and the reported 0% officer compensation, which suggests a volunteer-driven leadership structure. The NTEE code B99 (Other Education) aligns with its mission as a scholarship foundation, and the consistent asset growth over time, from $396,447 in 2015 to $507,377 in 2023, indicates prudent financial stewardship and long-term viability.