Quick charity verification for Seacoast United Foundation (EIN: 20465503)
Verdict: Seacoast United Foundation has notable concerns
30/100Mission Score
$588Revenue
$26KAssets
4Red Flags
1Strengths
Red Flags
Consistently declining revenue, dropping to $588 in 202306 from over $100,000 in prior years.
Persistent operating deficits, with expenses consistently exceeding revenue across multiple filing periods.
High liabilities relative to assets, with liabilities ($26,229) nearly matching assets ($26,259) in 202306.
Significant reduction in total assets from $274,166 in 201406 to $26,259 in 202306.
Strengths
0% officer compensation reported across all available filings, indicating no executive salaries are drawing from limited funds.
Spending Breakdown
How Seacoast United Foundation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Seacoast United Foundation
Is Seacoast United Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seacoast United Foundation (EIN: 20465503) has notable concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
Is Seacoast United Foundation a good charity to donate to?
Seacoast United Foundation has a Mission Score of 30/100. Revenue: $588. Assets: $26K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seacoast United Foundation?
The Employer Identification Number (EIN) for Seacoast United Foundation is 20465503. 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 Seacoast United Foundation spend its money?
Seacoast United Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seacoast United Foundation's tax-exempt status?
You can verify Seacoast United Foundation's tax-exempt status using EIN 20465503 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
Seacoast United Foundation exhibits a concerning financial trend with consistently declining revenue and increasing liabilities in recent years. In the latest 202306 filing, the organization reported a mere $588 in revenue against $1,432 in expenses, indicating a significant operating deficit. This follows a sharp drop from $7,685 in revenue in 202206 and $66,727 in 202106. The organization's assets have also significantly decreased from a peak of $274,166 in 201406 to $26,259 in 202306, while liabilities have risen to $26,229, nearly matching its total assets. This suggests a precarious financial position with minimal net assets.
The spending efficiency is difficult to assess precisely without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent pattern of expenses exceeding revenue across multiple years, particularly the substantial deficits in 202106 ($114,151 expenses vs. $66,727 revenue) and 202006 ($64,517 expenses vs. $26,527 revenue), raises questions about the sustainability of its operations. The organization's financial health appears to be in decline, with a very limited capacity to fund its mission based on current revenue streams.
Transparency regarding executive compensation is positive, with 0% reported for officer compensation across all available filings. However, the overall financial picture, marked by dwindling resources and persistent deficits, suggests a need for greater clarity on how the limited funds are being utilized and what strategies are in place to reverse the negative financial trajectory. The significant drop in revenue to just $588 in the latest period is particularly alarming and warrants further investigation into the organization's operational status.