Is Seth Sprague Educational & Charit Able Foundation Legit?
Quick charity verification for Seth Sprague Educational & Charit Able Foundation (EIN: 136071886)
Verdict: Seth Sprague Educational & Charit Able Foundation appears trustworthy
98/100Mission Score
$29.2MRevenue
$75.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $49.25M in 2011 to $70.12M in 2023.
Zero officer compensation reported across all filings, indicating high efficiency.
Very low liabilities ($0 or $1) across all reported periods, showing strong financial stability.
Expenses consistently well below revenue, contributing to asset accumulation.
Strong financial health and long-term sustainability.
Spending Breakdown
How Seth Sprague Educational & Charit Able Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Seth Sprague Educational & Charit Able Foundation
Is Seth Sprague Educational & Charit Able Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Seth Sprague Educational & Charit Able Foundation (EIN: 136071886) appears trustworthy. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
Is Seth Sprague Educational & Charit Able Foundation a good charity to donate to?
Seth Sprague Educational & Charit Able Foundation has a Mission Score of 98/100. Revenue: $29.2M. Assets: $75.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seth Sprague Educational & Charit Able Foundation?
The Employer Identification Number (EIN) for Seth Sprague Educational & Charit Able Foundation is 136071886. 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 Seth Sprague Educational & Charit Able Foundation spend its money?
Seth Sprague Educational & Charit Able Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seth Sprague Educational & Charit Able Foundation's tax-exempt status?
You can verify Seth Sprague Educational & Charit Able Foundation's tax-exempt status using EIN 136071886 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 Seth Sprague Educational & Charitable Foundation demonstrates strong financial health, consistently growing its assets over the past decade from $49.25 million in 2011 to $70.12 million in 2023. The organization's revenue has fluctuated, with a notable peak of $14.31 million in 2021 and a more recent $10.50 million in 2023, indicating a reliance on investment returns or large contributions. Expense management appears efficient, with expenses generally staying well below revenue, contributing to asset growth. For instance, in 2023, expenses were $5.80 million against $10.50 million in revenue.
The foundation's spending efficiency is commendable, particularly given its stated purpose. With zero officer compensation reported across all available filings, it suggests a lean operational structure and a high proportion of funds likely directed towards its charitable mission. The absence of liabilities in most years, and only $1 in recent years, further underscores a very healthy balance sheet and responsible financial management. This financial stability allows the foundation to maintain its long-term grant-making capacity.
Transparency is excellent, primarily due to the consistent reporting of zero officer compensation, which is a significant indicator of a focus on mission over administrative overhead. The consistent filing of IRS Form 990s over a decade provides a clear historical financial picture. The lack of significant liabilities also points to a straightforward and transparent financial structure, making it easy for stakeholders to understand its financial position.