Is Saratoga Convention And Tourism Bureau Inc Legit?
Quick charity verification for Saratoga Convention And Tourism Bureau Inc (EIN: 141666181)
Verdict: Saratoga Convention And Tourism Bureau Inc appears trustworthy
85/100Mission Score
$2.6MRevenue
$2.0MAssets
2Red Flags
5Strengths
Red Flags
NTEE Code is unknown, limiting understanding of primary mission alignment with financial activities.
Detailed functional expense breakdown (program, admin, fundraising) is not provided in the summary data, making it difficult to fully assess spending efficiency.
Expenses consistently below revenue, leading to surpluses and asset growth.
No reported officer compensation across all filings, suggesting transparency or efficient use of funds in this area.
Manageable liabilities relative to assets, indicating low financial risk.
Spending Breakdown
How Saratoga Convention And Tourism Bureau Inc 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 Saratoga Convention And Tourism Bureau Inc
Is Saratoga Convention And Tourism Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Saratoga Convention And Tourism Bureau Inc (EIN: 141666181) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Saratoga Convention And Tourism Bureau Inc a good charity to donate to?
Saratoga Convention And Tourism Bureau Inc has a Mission Score of 85/100. Revenue: $2.6M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Saratoga Convention And Tourism Bureau Inc?
The Employer Identification Number (EIN) for Saratoga Convention And Tourism Bureau Inc is 141666181. 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 Saratoga Convention And Tourism Bureau Inc spend its money?
Saratoga Convention And Tourism Bureau Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Saratoga Convention And Tourism Bureau Inc's tax-exempt status?
You can verify Saratoga Convention And Tourism Bureau Inc's tax-exempt status using EIN 141666181 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 Saratoga Convention And Tourism Bureau Inc demonstrates consistent financial growth and stability over the past several years, with revenues increasing from $859,135 in 2020 to $2,097,578 in 2023. The organization has also shown a healthy accumulation of assets, growing from $688,518 in 2020 to $2,161,801 in 2023, indicating sound financial management and an ability to build reserves. Their liabilities have remained manageable relative to their assets, suggesting a low financial risk.
Spending efficiency appears reasonable, with expenses generally tracking below revenue, allowing for asset growth. For instance, in 2023, expenses were $1,743,242 against revenues of $2,097,578, resulting in a surplus. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is easily identifiable as 'officer compensation' in the provided data. However, without a detailed functional expense breakdown, it's challenging to fully assess program spending efficiency versus administrative or fundraising costs.
Overall, the organization appears financially healthy and well-managed based on the provided data. The consistent growth in revenue and assets, coupled with controlled expenses and no reported officer compensation, paints a positive picture of its financial stewardship. Further transparency would be enhanced by a detailed breakdown of functional expenses.