Is New London Community And School District Foundation Legit?
Quick charity verification for New London Community And School District Foundation (EIN: 201969755)
Verdict: New London Community And School District Foundation appears trustworthy
90/100Mission Score
$855KRevenue
$1.2MAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2023 ($975,983 vs. $847,116), indicating an operating deficit for that period.
Strengths
Consistent asset base over $1 million, providing financial stability.
Zero reported officer compensation across all filings, indicating efficient use of funds.
Decreasing trend in liabilities over the past decade, from $923,268 in 2014 to $785,879 in 2023.
Strong revenue performance in 2022 ($1,315,335) created a significant surplus, demonstrating capacity for substantial fundraising.
Long and consistent IRS 990 filing history (13 filings), indicating good transparency.
Spending Breakdown
How New London Community And School District Foundation 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 New London Community And School District Foundation
Is New London Community And School District Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New London Community And School District Foundation (EIN: 201969755) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is New London Community And School District Foundation a good charity to donate to?
New London Community And School District Foundation has a Mission Score of 90/100. Revenue: $855K. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New London Community And School District Foundation?
The Employer Identification Number (EIN) for New London Community And School District Foundation is 201969755. 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 New London Community And School District Foundation spend its money?
New London Community And School District Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New London Community And School District Foundation's tax-exempt status?
You can verify New London Community And School District Foundation's tax-exempt status using EIN 201969755 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 New London Community And School District Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $700,000 to $900,000 in recent years, though 2022 saw a revenue spike to $1,315,335. The organization maintains a healthy asset base, consistently over $1 million, which provides a solid foundation for its operations. Liabilities have shown a gradual decrease over the past decade, from $923,268 in 2014 to $785,879 in 2023, indicating responsible financial management.
The foundation's financial health appears stable, with no reported officer compensation across all available filings, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the absence of executive compensation suggests a high proportion of funds are likely directed towards its mission. The organization's consistent filing history over 13 periods also points to good transparency practices.
In 2023, the foundation experienced expenses ($975,983) exceeding revenue ($847,116), resulting in a deficit for that year. However, this follows a surplus in 2022 where revenue significantly outpaced expenses ($1,315,335 vs. $951,870), suggesting that the organization manages its finances over a multi-year horizon, potentially drawing on reserves during periods of higher expenditure or lower income. Overall, the financial picture suggests a well-managed, community-focused entity.