Quick charity verification for Seal Cove Auto Museum (EIN: 10277592)
Verdict: Seal Cove Auto Museum appears trustworthy
85/100Mission Score
$572KRevenue
$1.0MAssets
1Red Flags
4Strengths
Red Flags
Fluctuating revenue year-over-year, requiring careful monitoring of fundraising strategies.
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of funds to mission.
Healthy asset base, consistently over $1 million in recent years, providing financial stability.
Long history of IRS 990 filings (10 filings), demonstrating transparency and compliance.
Low liabilities relative to assets, indicating sound financial management.
Spending Breakdown
How Seal Cove Auto Museum 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 Seal Cove Auto Museum
Is Seal Cove Auto Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Seal Cove Auto Museum (EIN: 10277592) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Seal Cove Auto Museum a good charity to donate to?
Seal Cove Auto Museum has a Mission Score of 85/100. Revenue: $572K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seal Cove Auto Museum?
The Employer Identification Number (EIN) for Seal Cove Auto Museum is 10277592. 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 Seal Cove Auto Museum spend its money?
Seal Cove Auto Museum allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seal Cove Auto Museum's tax-exempt status?
You can verify Seal Cove Auto Museum's tax-exempt status using EIN 10277592 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 Seal Cove Auto Museum demonstrates generally stable financial health, with assets consistently over $1 million in recent years, reaching $1,014,635 currently. While revenue has fluctuated, peaking at $735,715 in 2021 and most recently reported at $572,266, the organization has managed its expenses, which were $482,111 in 2023. The museum's liabilities have remained relatively low, with the highest recent figure being $82,700 in 2022, indicating good financial management and a strong balance sheet.
The organization's spending efficiency appears reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the organization's mission rather than executive salaries. This lack of reported officer compensation is a significant positive indicator for spending efficiency and donor trust.
Regarding transparency, the consistent filing of IRS Form 990s over a decade, with 10 filings available, indicates a commitment to public disclosure. The absence of reported officer compensation, while positive for efficiency, also simplifies the transparency analysis as there are no high executive salaries to scrutinize. Overall, the museum appears to be a financially sound and transparent organization based on the provided data.