Quick charity verification for Project Step Inc Symphony Hall (EIN: 222505816)
Verdict: Project Step Inc Symphony Hall appears trustworthy
85/100Mission Score
$2.6MRevenue
$9.4MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Significant revenue growth in 2023 to $6,539,500, indicating strong fundraising or grant acquisition.
Healthy asset base of $8,904,494 in 2023, providing financial stability.
Consistent low liability-to-asset ratio, with liabilities at $45,511 against assets of $8,904,494 in 2023.
Zero reported lobbying costs, suggesting a focus on direct mission activities.
Spending Breakdown
How Project Step Inc Symphony Hall 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 Project Step Inc Symphony Hall
Is Project Step Inc Symphony Hall a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Step Inc Symphony Hall (EIN: 222505816) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Project Step Inc Symphony Hall a good charity to donate to?
Project Step Inc Symphony Hall has a Mission Score of 85/100. Revenue: $2.6M. Assets: $9.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Project Step Inc Symphony Hall?
The Employer Identification Number (EIN) for Project Step Inc Symphony Hall is 222505816. 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 Project Step Inc Symphony Hall spend its money?
Project Step Inc Symphony Hall allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Project Step Inc Symphony Hall's tax-exempt status?
You can verify Project Step Inc Symphony Hall's tax-exempt status using EIN 222505816 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
Project Step Inc Symphony Hall is a arts, culture & humanities nonprofit based in Boston, Massachusetts, with reported revenue of $2.6M and assets of $9.4M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. • 2023 filings show total revenue of $6,539,500, a significant increase from previous years.
• Executive compensation is not explicitly detailed in the provided data, making a full assessment difficult.
• The organization consistently reports 0% lobbying costs across all available years. Executive compensation cannot be fully assessed without specific salary figures for key personnel, as the provided data only includes total expenses. Revenue has grown +749% across 12 filing periods.