Quick charity verification for Planet A Transcendence Inc (EIN: 20533599)
Verdict: Planet A Transcendence Inc shows mixed signals
40/100Mission Score
$1Revenue
$1Assets
2Red Flags
2Strengths
Red Flags
Consistent reporting of $1 revenue and assets, suggesting potential dormancy or lack of significant activity.
Discrepancy in 2021 with $4,900 in expenses against only $1 in revenue, without clear funding source.
Strengths
No executive compensation reported, indicating efficient use of any funds for administrative salaries.
Low liabilities reported across most periods, suggesting minimal debt.
Spending Breakdown
How Planet A Transcendence Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 Planet A Transcendence Inc
Is Planet A Transcendence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Planet A Transcendence Inc (EIN: 20533599) shows mixed signals. Mission Score: 40/100. 2 red flags identified, 2 strengths noted.
Is Planet A Transcendence Inc a good charity to donate to?
Planet A Transcendence Inc has a Mission Score of 40/100. Revenue: $1. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Planet A Transcendence Inc?
The Employer Identification Number (EIN) for Planet A Transcendence Inc is 20533599. 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 Planet A Transcendence Inc spend its money?
Planet A Transcendence Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Planet A Transcendence Inc's tax-exempt status?
You can verify Planet A Transcendence Inc's tax-exempt status using EIN 20533599 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
Planet A Transcendence Inc appears to be a very small organization with minimal financial activity. For the past several years, its reported revenue has consistently been $1, with expenses also being extremely low or zero, except for a $4,900 expense in 2021. Its assets have also remained at $1 for most recent periods, with a few instances of slightly higher assets in earlier years (e.g., $4,900 in 2020, $5,000 in 2015). This consistent reporting of $1 revenue and assets suggests either a very limited operational scope or potentially an organization that is not actively engaged in significant financial transactions. The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond noting the overall low activity. Transparency is limited by the minimal financial data available, which doesn't offer much insight into program activities or operational costs.