Quick charity verification for Peaks Island Childrens Workshop (EIN: 10482767)
Verdict: Peaks Island Childrens Workshop appears trustworthy
92/100Mission Score
$379KRevenue
$538KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth, particularly from $193,387 in 2021 to $422,150 in 2023.
Consistent reporting of 0% officer compensation, indicating efficient use of funds.
Healthy asset growth, reaching $524,566 in 2023.
Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
Positive net income in recent years, contributing to financial stability (e.g., $422,150 revenue vs. $288,842 expenses in 2023).
Spending Breakdown
How Peaks Island Childrens Workshop allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Peaks Island Childrens Workshop
Is Peaks Island Childrens Workshop a legitimate charity?
Based on AI analysis of IRS 990 filings, Peaks Island Childrens Workshop (EIN: 10482767) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Peaks Island Childrens Workshop a good charity to donate to?
Peaks Island Childrens Workshop has a Mission Score of 92/100. Revenue: $379K. Assets: $538K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Peaks Island Childrens Workshop?
The Employer Identification Number (EIN) for Peaks Island Childrens Workshop is 10482767. 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 Peaks Island Childrens Workshop spend its money?
Peaks Island Childrens Workshop allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Peaks Island Childrens Workshop's tax-exempt status?
You can verify Peaks Island Childrens Workshop's tax-exempt status using EIN 10482767 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
Peaks Island Childrens Workshop demonstrates a generally healthy financial trajectory, particularly in recent years. The organization has shown consistent revenue growth, with a significant jump from $193,387 in 2021 to $422,150 in 2023, indicating strong community support or successful fundraising efforts. This growth has allowed for an increase in assets, reaching $524,566 in 2023, while maintaining manageable liabilities. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.
The organization's spending efficiency appears robust, as evidenced by the 2023 filing where expenses were $288,842 against revenues of $422,150, resulting in a substantial surplus. This surplus contributes to asset growth and financial stability. The absence of reported officer compensation further reinforces the impression of a highly efficient operation, likely directing a large proportion of its budget directly to program services. The consistent filing of IRS Form 990s over 14 periods also points to a commitment to transparency and regulatory compliance.
Overall, Peaks Island Childrens Workshop appears to be a financially sound and well-managed nonprofit. Its growth in revenue and assets, coupled with low liabilities and no reported officer compensation, paints a picture of an organization effectively utilizing its resources to achieve its mission. The consistent financial reporting further enhances its transparency.