Quick charity verification for Parents Alternative To Latchkey (EIN: 10447337)
Verdict: Parents Alternative To Latchkey appears trustworthy
75/100Mission Score
$383KRevenue
$74KAssets
1Red Flags
3Strengths
Red Flags
Deficit spending in 2020 ($94,154 expenses vs. $84,522 revenue)
Strengths
Significant revenue growth from $84,522 (2020) to $382,754 (latest)
Zero officer compensation reported in 2020, indicating efficient use of funds for mission
Substantial asset growth from $14,179 (2020) to $74,089 (latest)
Spending Breakdown
How Parents Alternative To Latchkey allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Parents Alternative To Latchkey
Is Parents Alternative To Latchkey a legitimate charity?
Based on AI analysis of IRS 990 filings, Parents Alternative To Latchkey (EIN: 10447337) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
Is Parents Alternative To Latchkey a good charity to donate to?
Parents Alternative To Latchkey has a Mission Score of 75/100. Revenue: $383K. Assets: $74K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Parents Alternative To Latchkey?
The Employer Identification Number (EIN) for Parents Alternative To Latchkey is 10447337. 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 Parents Alternative To Latchkey spend its money?
Parents Alternative To Latchkey allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Parents Alternative To Latchkey's tax-exempt status?
You can verify Parents Alternative To Latchkey's tax-exempt status using EIN 10447337 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
Parents Alternative To Latchkey (PATL) appears to be a small but growing organization based on its latest available financial data. In the 2020 fiscal period, the organization reported revenues of $84,522 against expenses of $94,154, indicating a deficit for that year. However, more recent data shows a significant increase in revenue to $382,754 and assets to $74,089, suggesting a period of substantial growth and improved financial standing. The organization's officer compensation was reported as 0% in 2020, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. While the 2020 filing shows a net loss, the subsequent revenue growth is a strong positive sign for its financial health. Further detailed breakdowns of recent expenses would be needed to fully assess spending efficiency beyond the 2020 data.