Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $35.1M expenses vs. $23.0M revenue in 2023.
Lack of detailed spending breakdown (program, admin, fundraising) in the provided data.
0% reported officer compensation across all filings, which is unusual for an organization of this scale.
Strengths
Substantial asset base, with assets exceeding $270 million in 2023, providing financial stability.
Relatively low liabilities compared to assets, indicating good debt management.
Long filing history (13 filings), suggesting consistent compliance with IRS reporting requirements.
Spending Breakdown
How Seventh Regiment Armory Conservancy Inc 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 Seventh Regiment Armory Conservancy Inc
Is Seventh Regiment Armory Conservancy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Seventh Regiment Armory Conservancy Inc (EIN: 134086800) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Seventh Regiment Armory Conservancy Inc a good charity to donate to?
Seventh Regiment Armory Conservancy Inc has a Mission Score of 65/100. Revenue: $59.6M. Assets: $268.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Seventh Regiment Armory Conservancy Inc?
The Employer Identification Number (EIN) for Seventh Regiment Armory Conservancy Inc is 134086800. 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 Seventh Regiment Armory Conservancy Inc spend its money?
Seventh Regiment Armory Conservancy Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Seventh Regiment Armory Conservancy Inc's tax-exempt status?
You can verify Seventh Regiment Armory Conservancy Inc's tax-exempt status using EIN 134086800 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
Seventh Regiment Armory Conservancy Inc. demonstrates a consistent pattern of operating at a deficit in recent years, with expenses exceeding revenue in the last five reported periods (2019-2023). For example, in 2023, expenses were $35,131,903 against revenues of $23,012,613. Despite these operational deficits, the organization maintains substantial assets, reported at $271,905,924 in 2023, indicating a strong financial foundation likely built from prior fundraising or endowments. The organization's liabilities remain relatively low compared to its assets, suggesting good financial management in terms of debt.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits raise questions about long-term sustainability if current spending patterns continue without a corresponding increase in revenue or a reduction in expenses. The absence of reported officer compensation across all filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency.
Overall, while the Conservancy possesses significant assets, its recent financial performance shows a trend of spending more than it earns. This trend, coupled with the lack of specific spending category breakdowns and zero reported officer compensation, warrants closer examination for a complete understanding of its financial health and transparency practices.