Quick charity verification for Red Bay Museum (EIN: 203193651)
Verdict: Red Bay Museum appears trustworthy
85/100Mission Score
$366KRevenue
$369KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Strong program spending ratio of 75%, indicating a focus on mission delivery.
Stable financial position with assets ($368,994) comparable to annual revenue ($366,290).
Efficient fundraising costs at 10% of total spending, suggesting effective resource acquisition.
Reasonable administrative spending at 15%, indicating good operational management.
Spending Breakdown
How Red Bay Museum allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Red Bay Museum
Is Red Bay Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Bay Museum (EIN: 203193651) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Red Bay Museum a good charity to donate to?
Red Bay Museum has a Mission Score of 85/100. Revenue: $366K. Assets: $369K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Red Bay Museum?
The Employer Identification Number (EIN) for Red Bay Museum is 203193651. 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 Red Bay Museum spend its money?
Red Bay Museum allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Red Bay Museum's tax-exempt status?
You can verify Red Bay Museum's tax-exempt status using EIN 203193651 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 Red Bay Museum demonstrates a generally healthy financial position for an organization of its size, with total assets of $368,994 slightly exceeding its latest annual revenue of $366,290. This indicates a stable asset base relative to its operational scale. The spending breakdown, with 75% allocated to programs, suggests a strong commitment to its core mission of historical preservation and education. Administrative costs at 15% and fundraising at 10% are within reasonable bounds, indicating efficient operational management and a balanced approach to securing resources. The organization's financial health appears sound, supporting its ongoing activities effectively.
While the provided data doesn't detail specific transparency practices beyond the IRS 990 filing, the balanced spending ratios are a positive indicator of responsible stewardship of funds. The relatively low fundraising expense suggests that a significant portion of its revenue is either from stable sources or efficiently acquired. Overall, the Red Bay Museum appears to be a well-managed nonprofit, effectively directing the majority of its resources towards its programmatic goals.