Quick charity verification for Perlman Music Program Inc (EIN: 113247651)
Verdict: Perlman Music Program Inc appears trustworthy
90/100Mission Score
$11.8MRevenue
$24.8MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data prevents precise spending efficiency analysis.
Strengths
Consistent asset growth, from $11.4M in 2014 to $24.8M currently.
No reported officer compensation across all 13 filings, indicating high efficiency.
Generally positive net income in most recent years, demonstrating financial health.
Strong revenue generation in recent periods, such as $4.87M in 202209.
Consistent filing history, indicating good transparency.
Spending Breakdown
How Perlman Music Program 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 Perlman Music Program Inc
Is Perlman Music Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Perlman Music Program Inc (EIN: 113247651) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Perlman Music Program Inc a good charity to donate to?
Perlman Music Program Inc has a Mission Score of 90/100. Revenue: $11.8M. Assets: $24.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Perlman Music Program Inc?
The Employer Identification Number (EIN) for Perlman Music Program Inc is 113247651. 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 Perlman Music Program Inc spend its money?
Perlman Music Program Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Perlman Music Program Inc's tax-exempt status?
You can verify Perlman Music Program Inc's tax-exempt status using EIN 113247651 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 Perlman Music Program Inc. demonstrates a generally healthy financial position, with assets growing from $11.4 million in 2014 to over $24.8 million currently, indicating strong financial management and donor support. The organization has consistently maintained a positive net income in most recent years, notably in 202209 with revenues of $4,876,364 against expenses of $2,985,061, and in 202109 with revenues of $4,419,136 against expenses of $2,689,295. This consistent surplus allows for asset accumulation and program stability.
Spending efficiency appears strong, with no reported officer compensation across all available filings, suggesting that resources are directed towards the mission rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The organization's NTEE code A6E0 (Performing Arts Schools) aligns with its mission, and the consistent growth in assets suggests effective fundraising and financial stewardship.
Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The lack of reported officer compensation across all filings is a significant positive for transparency and efficiency. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the provided data, a complete assessment of spending efficiency is limited. The overall trend of increasing assets and consistent revenue generation points to a well-managed and financially stable organization.