Quick charity verification for Seachange Capital Partners Inc (EIN: 205124665)
Verdict: Seachange Capital Partners Inc appears trustworthy
88/100Mission Score
$9.7MRevenue
$9.8MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (assumed for spendingBreakdown)
Strengths
Consistent revenue exceeding expenses, leading to surpluses
Significant and steady growth in assets over the past decade
Reported 0% officer compensation across all filings, indicating high efficiency and dedication
Strong financial health with manageable liabilities relative to assets
Positive trend in net assets, demonstrating sustainability
Spending Breakdown
How Seachange Capital Partners Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Seachange Capital Partners Inc
Is Seachange Capital Partners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seachange Capital Partners Inc (EIN: 205124665) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Seachange Capital Partners Inc a good charity to donate to?
Seachange Capital Partners Inc has a Mission Score of 88/100. Revenue: $9.7M. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seachange Capital Partners Inc?
The Employer Identification Number (EIN) for Seachange Capital Partners Inc is 205124665. 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 Seachange Capital Partners Inc spend its money?
Seachange Capital Partners Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seachange Capital Partners Inc's tax-exempt status?
You can verify Seachange Capital Partners Inc's tax-exempt status using EIN 205124665 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
Seachange Capital Partners Inc demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past decade. In the latest filing (202312), the organization reported revenues of $4,050,128 against expenses of $3,112,459, indicating a surplus. This trend of revenue exceeding expenses is largely consistent across recent years, contributing to a steady increase in assets from $2,730,965 in 2014 to $8,914,155 in 2023. The organization's liabilities have fluctuated but remain manageable relative to its assets, suggesting good financial stewardship.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which is a significant positive indicator for donor confidence. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health and lack of executive compensation suggest a focus on mission. The consistent growth in assets and positive net income in most years reflect effective financial management and sustainability.
Transparency is enhanced by the readily available filing history and the clear reporting of no officer compensation. This level of disclosure, combined with a positive financial trajectory, positions Seachange Capital Partners Inc as a financially sound and accountable nonprofit. Further detailed analysis of program spending ratios would provide even greater insight into their operational efficiency.