Quick charity verification for Old Salt Fishing Foundation Inc (EIN: 200961806)
Verdict: Old Salt Fishing Foundation Inc appears trustworthy
85/100Mission Score
$1.1MRevenue
$102KAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown in public filings to fully assess program efficiency.
Strengths
Consistent reporting of 0% officer compensation, indicating strong volunteer leadership.
History of operating near break-even, demonstrating financial prudence.
Consistent IRS 990 filing history, indicating good compliance and transparency.
Growth in assets from $47,392 in 2020 to $101,785 in 2022, showing financial stability.
Spending Breakdown
How Old Salt Fishing Foundation Inc 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 Old Salt Fishing Foundation Inc
Is Old Salt Fishing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Salt Fishing Foundation Inc (EIN: 200961806) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Old Salt Fishing Foundation Inc a good charity to donate to?
Old Salt Fishing Foundation Inc has a Mission Score of 85/100. Revenue: $1.1M. Assets: $102K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Old Salt Fishing Foundation Inc?
The Employer Identification Number (EIN) for Old Salt Fishing Foundation Inc is 200961806. 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 Old Salt Fishing Foundation Inc spend its money?
Old Salt Fishing Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Old Salt Fishing Foundation Inc's tax-exempt status?
You can verify Old Salt Fishing Foundation Inc's tax-exempt status using EIN 200961806 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
Old Salt Fishing Foundation Inc demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. In 2022, the organization reported revenues of $1,138,290 against expenses of $1,080,572, resulting in a modest surplus. While the organization's assets have grown to $101,785 in 2022, they remain relatively low compared to its annual revenue, suggesting a lean operational model. The consistent reporting of zero officer compensation across all available filings indicates a high degree of volunteer leadership, which is a positive sign for donor confidence and efficient use of funds. However, without detailed expense breakdowns for program, administrative, and fundraising costs, a precise assessment of spending efficiency is challenging. The organization's consistent filing history and lack of reported officer compensation contribute positively to its transparency profile.