Is Quaglia Institute For Student Aspirations Legit?
Quick charity verification for Quaglia Institute For Student Aspirations (EIN: 202298927)
Verdict: Quaglia Institute For Student Aspirations shows mixed signals
40/100Mission Score
$35KRevenue
$369KAssets
4Red Flags
2Strengths
Red Flags
Severe and sustained decline in revenue, dropping from $1,337,263 in 2014 to $35,894 in 2023.
Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $83,886 expenses vs. $35,894 revenue in 2023).
Significant decrease in assets over time, from $1,922,108 in 2014 to $489,521 in 2023, indicating asset depletion.
Negative revenue reported in 2017 (-$204,262), which is highly unusual and suggests significant financial challenges or accounting adjustments.
Strengths
Consistent 0% officer compensation across all reported periods, indicating leadership is not drawing a salary.
Long history of IRS 990 filings (13 filings), demonstrating a commitment to regulatory compliance and transparency in reporting.
Spending Breakdown
How Quaglia Institute For Student Aspirations allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Quaglia Institute For Student Aspirations
Is Quaglia Institute For Student Aspirations a legitimate charity?
Based on AI analysis of IRS 990 filings, Quaglia Institute For Student Aspirations (EIN: 202298927) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
Is Quaglia Institute For Student Aspirations a good charity to donate to?
Quaglia Institute For Student Aspirations has a Mission Score of 40/100. Revenue: $35K. Assets: $369K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Quaglia Institute For Student Aspirations?
The Employer Identification Number (EIN) for Quaglia Institute For Student Aspirations is 202298927. 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 Quaglia Institute For Student Aspirations spend its money?
Quaglia Institute For Student Aspirations allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Quaglia Institute For Student Aspirations's tax-exempt status?
You can verify Quaglia Institute For Student Aspirations's tax-exempt status using EIN 202298927 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 Quaglia Institute For Student Aspirations has experienced a significant decline in revenue over the past decade, falling from a peak of $1,337,263 in 2014 to just $35,894 in 2023. This substantial drop in income, coupled with consistent expenses that often exceed revenue (e.g., $83,886 in expenses against $35,894 in revenue in 2023), indicates a challenging financial situation. The organization has been operating at a deficit for several years, leading to a steady decrease in assets from $1,922,108 in 2014 to $489,521 in 2023. This trend raises concerns about the long-term sustainability of its operations.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits suggest that current spending levels are not sustainable given the drastically reduced revenue. The organization's liabilities have also fluctuated, reaching $146,002 in 2023, which, while lower than some previous years, still represents a notable portion of its remaining assets.
In terms of transparency, the organization has a consistent filing history with the IRS, submitting 13 filings. A positive aspect is the reported 0% officer compensation across all available periods, which suggests that executive leadership is not drawing a salary from the organization's funds. However, the lack of detailed expense categories in the provided data limits a comprehensive assessment of how funds are allocated.