Strong financial health with a healthy asset-to-liability ratio (e.g., $69.3M assets vs. $962K liabilities in 2023).
Consistent filing of IRS Form 990s, indicating good transparency.
Spending Breakdown
How Oswego College 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 Oswego College Foundation Inc
Is Oswego College Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oswego College Foundation Inc (EIN: 150543477) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Oswego College Foundation Inc a good charity to donate to?
Oswego College Foundation Inc has a Mission Score of 90/100. Revenue: $22.9M. Assets: $80.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oswego College Foundation Inc?
The Employer Identification Number (EIN) for Oswego College Foundation Inc is 150543477. 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 Oswego College Foundation Inc spend its money?
Oswego College Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oswego College Foundation Inc's tax-exempt status?
You can verify Oswego College Foundation Inc's tax-exempt status using EIN 150543477 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 Oswego College Foundation Inc. demonstrates a generally healthy financial position, with consistent growth in assets over the past decade, reaching $69,375,479 in 2023. The organization's revenue has fluctuated, with a notable peak of $8,786,632 in 2022, but expenses have remained relatively stable and manageable in relation to income. For instance, in 2023, expenses of $5,640,085 were closely aligned with revenue of $5,698,993, indicating efficient management of resources. The foundation's NTEE code B110 suggests a focus on higher education, and the consistent asset growth implies successful endowment management to support its mission.
The organization's spending efficiency appears strong, particularly given the consistent positive net assets. While specific program spending percentages are not detailed in the provided data, the overall financial health and growth suggest effective allocation of resources towards its educational objectives. The absence of reported officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances public trust and demonstrates a donor-centric approach.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. The zero reported officer compensation is a key transparency highlight, indicating that the foundation's leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is a highly favorable characteristic for a nonprofit. The consistent growth in assets and manageable liabilities further underscore a well-governed and financially sound organization.