Is Palmetto Partners For Science And Technology Legit?
Quick charity verification for Palmetto Partners For Science And Technology (EIN: 201756491)
Verdict: Palmetto Partners For Science And Technology shows mixed signals
65/100Mission Score
$125KRevenue
$448KAssets
3Red Flags
4Strengths
Red Flags
Significant deficit in the latest reported period (2023) with expenses ($110,547) far exceeding revenue ($5,442).
Extreme volatility in revenue, dropping from $125,000 in 2021 to $5,442 in 2023.
Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating low executive overhead.
Maintained a healthy asset base, growing from $68,797 in 2017 to $420,724 in 2023.
Robust filing history with 12 filings, demonstrating compliance with IRS reporting requirements.
Zero liabilities reported in recent periods (2023, 2021), indicating a strong balance sheet in those years.
Spending Breakdown
How Palmetto Partners For Science And Technology allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Palmetto Partners For Science And Technology
Is Palmetto Partners For Science And Technology a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmetto Partners For Science And Technology (EIN: 201756491) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
Is Palmetto Partners For Science And Technology a good charity to donate to?
Palmetto Partners For Science And Technology has a Mission Score of 65/100. Revenue: $125K. Assets: $448K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Palmetto Partners For Science And Technology?
The Employer Identification Number (EIN) for Palmetto Partners For Science And Technology is 201756491. 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 Palmetto Partners For Science And Technology spend its money?
Palmetto Partners For Science And Technology allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Palmetto Partners For Science And Technology's tax-exempt status?
You can verify Palmetto Partners For Science And Technology's tax-exempt status using EIN 201756491 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
Palmetto Partners For Science And Technology demonstrates a mixed financial picture. While the organization has maintained a consistent asset base, growing from $68,797 in 2017 to $420,724 in 2023, its revenue has been highly volatile. For instance, revenue plummeted from $125,000 in 2021 to just $5,442 in 2023, while expenses remained relatively high at $110,547 in 2023, leading to a significant deficit. This indicates potential challenges in securing consistent funding or managing operational costs relative to income.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, the substantial deficit in 2023, where expenses ($110,547) far exceeded revenue ($5,442), raises concerns about sustainability if this trend continues. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in that specific area, which is a positive indicator for donor trust.
In terms of transparency, the organization has a robust filing history with 12 filings, indicating regular compliance with IRS reporting requirements. The consistent reporting of zero liabilities in recent years (2023, 2021, 2017) also suggests a healthy balance sheet in those periods. However, the dramatic fluctuations in revenue and the significant deficit in the latest reported period warrant closer examination by potential donors to understand the underlying causes and the organization's plans for financial stability.