Is School Of Life Foundation Legit? —…

Strengths

Consistent asset growth from $3,186 in 2016 to $143,140 in 2023
Very low liabilities, indicating strong financial stability (e.g., $1,257 in 2023)
0% officer compensation reported across all filings, suggesting efficient use of funds for mission
Consistent filing of IRS Form 990s over eight periods, demonstrating transparency
Positive net income in recent years (e.g., 2023: $97,872 revenue vs. $75,335 expenses)

Spending Breakdown

How School Of Life Foundation allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 School Of Life Foundation

Is School Of Life Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, School Of Life Foundation (EIN: 134210827) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.

Is School Of Life Foundation a good charity to donate to?

School Of Life Foundation has a Mission Score of 88/100. Revenue: $67K. Assets: $153K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for School Of Life Foundation?

The Employer Identification Number (EIN) for School Of Life Foundation is 134210827. 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 School Of Life Foundation spend its money?

School Of Life Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify School Of Life Foundation's tax-exempt status?

You can verify School Of Life Foundation's tax-exempt status using EIN 134210827 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 School Of Life Foundation demonstrates consistent financial activity, with revenues fluctuating but generally staying within the $80,000-$100,000 range in recent years, peaking at $159,465 in 2017. The organization has shown a positive trend in net assets, growing from $3,186 in 2016 to $143,140 in 2023, indicating sound financial management and accumulation of resources. Their liabilities have remained very low, typically under $2,000, which is a positive indicator of financial stability and low debt burden.

Spending efficiency appears to be reasonable, with expenses generally tracking revenues. For instance, in 2023, expenses were $75,335 against revenues of $97,872, leaving a surplus. However, there were periods like 2019 and 2020 where expenses ($103,195 and $103,570 respectively) exceeded revenues ($77,010 and $82,267), suggesting occasional operational deficits. The consistent reporting of 0% officer compensation across all filings is a strong positive for transparency and suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a sign of dedication to the mission and efficient use of funds.

Overall, the School Of Life Foundation appears to be a financially stable organization with a good track record of asset growth and low liabilities. Their consistent filing of IRS Form 990s over eight periods demonstrates a commitment to transparency. The absence of officer compensation is a notable strength, indicating that a significant portion of funds can be directed towards programmatic activities.

Is School Of Life Foundation Legit?

Verdict: School Of Life Foundation appears trustworthy

Red Flags