Quick charity verification for Schweinfurth Memorial Art (EIN: 161097876)
Verdict: Schweinfurth Memorial Art appears trustworthy
90/100Mission Score
$2.5MRevenue
$5.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net income, with a $134,033 surplus in 2023.
Steady growth in assets, from $2.36 million in 2011 to $3.61 million in 2023.
Zero reported officer compensation across all 10 available IRS 990 filings, indicating strong resource allocation to mission.
Low liabilities relative to assets, suggesting good financial health and minimal debt burden.
Significant revenue growth in 2021 ($1,472,128) demonstrating capacity for substantial fundraising or grant acquisition.
Spending Breakdown
How Schweinfurth Memorial Art 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 Schweinfurth Memorial Art
Is Schweinfurth Memorial Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Schweinfurth Memorial Art (EIN: 161097876) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Schweinfurth Memorial Art a good charity to donate to?
Schweinfurth Memorial Art has a Mission Score of 90/100. Revenue: $2.5M. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Schweinfurth Memorial Art?
The Employer Identification Number (EIN) for Schweinfurth Memorial Art is 161097876. 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 Schweinfurth Memorial Art spend its money?
Schweinfurth Memorial Art allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Schweinfurth Memorial Art's tax-exempt status?
You can verify Schweinfurth Memorial Art's tax-exempt status using EIN 161097876 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
Schweinfurth Memorial Art demonstrates consistent financial health with a positive net income in most recent years. In 2023, the organization reported revenues of $915,028 against expenses of $780,995, indicating a surplus. This trend of revenue exceeding expenses is also visible in 2022 ($730,724 revenue vs. $705,898 expenses) and significantly in 2021 ($1,472,128 revenue vs. $485,731 expenses). The organization's assets have shown steady growth, increasing from $2,363,498 in 2011 to $3,610,957 in 2023, while liabilities remain relatively low, suggesting good financial management and stability.
The organization's spending efficiency appears strong, particularly given the consistent surpluses and asset growth. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide precise percentages. However, the consistent positive net income and growth in assets suggest that a significant portion of funds is being directed towards its mission or reinvested. The absence of reported officer compensation across all filings indicates a high level of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries.
Overall, Schweinfurth Memorial Art appears to be a financially sound and transparent organization. Its consistent growth in assets, positive financial performance, and zero reported officer compensation across all available filings are strong indicators of responsible stewardship of donor funds. The organization's financial trajectory suggests a well-managed entity capable of sustaining its operations and mission.