Is Silver Mountain Foundation For The Arts Legit?

Quick charity verification for Silver Mountain Foundation For The Arts (EIN: 133157286)

Verdict: Silver Mountain Foundation For The Arts appears trustworthy

75/100Mission Score

$4.0MRevenue

$15.8MAssets

3Red Flags

3Strengths

Red Flags

Consistent operating deficits in recent years (e.g., 2023 expenses $1,998,236 vs. revenue $544,896).
Significant year-over-year revenue volatility (e.g., $5.59M in 2020 to $0.54M in 2023).
Decline in total assets from peak of $18.7M in 2021 to $17.1M in 2023, likely due to deficit spending.

Strengths

Zero officer compensation reported across all filings, indicating high transparency and efficient use of funds for leadership.
Substantial asset base ($17,114,814 in 2023) provides a strong financial cushion.
Consistently low or zero liabilities, indicating prudent debt management.

Spending Breakdown

How Silver Mountain Foundation For The Arts 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 Silver Mountain Foundation For The Arts

Is Silver Mountain Foundation For The Arts a legitimate charity?

Based on AI analysis of IRS 990 filings, Silver Mountain Foundation For The Arts (EIN: 133157286) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Silver Mountain Foundation For The Arts a good charity to donate to?

Silver Mountain Foundation For The Arts has a Mission Score of 75/100. Revenue: $4.0M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Silver Mountain Foundation For The Arts?

The Employer Identification Number (EIN) for Silver Mountain Foundation For The Arts is 133157286. 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 Silver Mountain Foundation For The Arts spend its money?

Silver Mountain Foundation For The Arts allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Silver Mountain Foundation For The Arts's tax-exempt status?

You can verify Silver Mountain Foundation For The Arts's tax-exempt status using EIN 133157286 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 Silver Mountain Foundation For The Arts exhibits a mixed financial picture. While the organization has substantial assets, reaching $17,114,814 in 2023, its recent financial performance shows a concerning trend of expenses significantly exceeding revenue. In 2023, expenses were $1,998,236 against revenue of $544,896, and in 2022, expenses were $1,722,110 against revenue of $1,512,775. This consistent deficit spending, leading to a decline in assets from a peak of $18,777,232 in 2021, suggests potential long-term sustainability challenges if not addressed. The organization's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a strong positive for donor confidence.

However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's challenging to fully assess spending efficiency. The significant fluctuations in revenue, from a high of $5,590,001 in 2020 to a low of $544,896 in 2023, also point to potential instability in funding sources. The consistent reporting of minimal liabilities (often $1 or $0) is a positive indicator of financial prudence regarding debt.

Overall, the foundation demonstrates strong asset management and transparency in executive pay. Still, the recent trend of operating deficits and revenue volatility warrants closer scrutiny to ensure the long-term viability of its artistic programs. Donors should seek more detailed information on how the organization is addressing its spending relative to its income.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.