Quick charity verification for Scarlet Pride Inc (EIN: 202685943)
Verdict: Scarlet Pride Inc appears trustworthy
80/100Mission Score
$112KRevenue
$43KAssets
2Red Flags
3Strengths
Red Flags
Inconsistent expense reporting (e.g., $0 expenses in 2020 despite revenue)
Fluctuating revenue and expenses year-over-year without clear trends
Strengths
No reported officer compensation, indicating potential volunteer leadership
No reported liabilities across all filings, suggesting strong financial solvency
Recent significant revenue growth from $27,823 in 2022 to $64,818 in 2023
Spending Breakdown
How Scarlet Pride Inc 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 Scarlet Pride Inc
Is Scarlet Pride Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scarlet Pride Inc (EIN: 202685943) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Scarlet Pride Inc a good charity to donate to?
Scarlet Pride Inc has a Mission Score of 80/100. Revenue: $112K. Assets: $43K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Scarlet Pride Inc?
The Employer Identification Number (EIN) for Scarlet Pride Inc is 202685943. 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 Scarlet Pride Inc spend its money?
Scarlet Pride Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Scarlet Pride Inc's tax-exempt status?
You can verify Scarlet Pride Inc's tax-exempt status using EIN 202685943 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
Scarlet Pride Inc. demonstrates a fluctuating financial history, with its latest reported revenue at $111,694 and assets at $43,203. The organization has shown periods of significant revenue growth, such as from $27,823 in 2022 to $64,818 in 2023, indicating a positive trend in fundraising or operational income. However, the organization's expenses have also varied, with a notable period in 2020 where expenses were reported as $0 despite $10,510 in revenue, which could indicate a reporting anomaly or a year of minimal activity. The consistent reporting of $0 liabilities across all filings suggests a healthy balance sheet with no outstanding debts, which is a strong indicator of financial stability. The absence of officer compensation reported in all filings is a significant factor in assessing spending efficiency and transparency, suggesting that leadership may be volunteer-based or compensated through other means not captured in this specific line item, which could contribute to lower administrative costs. Overall, while revenue has grown, a deeper dive into the nature of expenses, especially for the 2020 period, would provide a clearer picture of operational efficiency.