Is Silver Spring Day School Inc Legit? —…

Quick charity verification for Silver Spring Day School Inc (EIN: 201337670)

Strengths

Consistent revenue growth over the past decade, indicating financial stability and increasing support.
No reported officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
Consistently operating with a surplus (revenues exceeding expenses) in most years, allowing for asset accumulation.
Healthy asset growth over time, from $791,835 in 2014 to $2,458,891 in 2023 (excluding the 2021 anomaly).

Spending Breakdown

How Silver Spring Day School Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Spring Day School Inc

Is Silver Spring Day School Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Silver Spring Day School Inc (EIN: 201337670) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is Silver Spring Day School Inc a good charity to donate to?

Silver Spring Day School Inc has a Mission Score of 90/100. Revenue: $1.6M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Silver Spring Day School Inc?

The Employer Identification Number (EIN) for Silver Spring Day School Inc is 201337670. 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 Spring Day School Inc spend its money?

Silver Spring Day School Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Silver Spring Day School Inc's tax-exempt status?

You can verify Silver Spring Day School Inc's tax-exempt status using EIN 201337670 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

Silver Spring Day School Inc. demonstrates a generally stable financial position with consistent revenue growth over the past decade, reaching $1,613,495 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenues of $1,613,495 exceeded expenses of $1,536,301. This indicates sound financial management and an ability to cover operational costs. The significant increase in assets from $1,238,264 in 2022 to $2,458,891 in 2023, alongside a corresponding rise in liabilities from $640,274 to $1,783,707, suggests a major capital investment or expansion, which warrants further investigation to understand its nature and impact on long-term financial health. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the organization's mission rather than executive salaries, enhancing its transparency and public trust.

The organization's spending efficiency appears strong, with expenses consistently below revenues, allowing for asset growth. The absence of reported officer compensation is a significant positive indicator of efficient resource allocation. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency in these categories is limited. The substantial increase in liabilities in the latest filing period, while potentially tied to growth, should be monitored to ensure it remains manageable and does not pose a future financial risk. Overall, the school appears to be a well-managed entity with a clear focus on its mission, supported by its financial trends and compensation practices.

Is Silver Spring Day School Inc Legit?

Verdict: Silver Spring Day School Inc appears trustworthy

Red Flags