Quick charity verification for Skerryvore Foundation Inc (EIN: 136114309)
Verdict: Skerryvore Foundation Inc appears trustworthy
85/100Mission Score
$798KRevenue
$1.1MAssets
2Red Flags
4Strengths
Red Flags
Significant revenue volatility, including negative revenue in 202212 ($-65,187), which could indicate reliance on unpredictable investment returns or non-recurring income.
Unknown NTEE code, making it difficult to understand the organization's specific mission and programmatic focus.
Strengths
Consistent strong asset base, with assets consistently above $900,000 and reaching $1,096,493 in the latest period, indicating financial stability.
Zero officer compensation reported across all filings, suggesting highly efficient use of funds and potentially a volunteer-driven leadership.
Long filing history (10 filings) demonstrates consistent compliance and transparency.
Spending Breakdown
How Skerryvore Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Skerryvore Foundation Inc
Is Skerryvore Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skerryvore Foundation Inc (EIN: 136114309) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Skerryvore Foundation Inc a good charity to donate to?
Skerryvore Foundation Inc has a Mission Score of 85/100. Revenue: $798K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skerryvore Foundation Inc?
The Employer Identification Number (EIN) for Skerryvore Foundation Inc is 136114309. 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 Skerryvore Foundation Inc spend its money?
Skerryvore Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skerryvore Foundation Inc's tax-exempt status?
You can verify Skerryvore Foundation Inc's tax-exempt status using EIN 136114309 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 Skerryvore Foundation Inc. demonstrates consistent financial stability with assets consistently over $900,000, reaching $1,096,493 in its latest filing. The organization's revenue has fluctuated significantly over the past decade, including a negative revenue period in 202212 of $-65,187, which suggests reliance on investment income or other non-programmatic revenue sources rather than consistent public support. Despite these fluctuations, the foundation has maintained a healthy asset base and extremely low liabilities, indicating strong financial management and minimal debt risk.
The foundation's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that the organization is likely volunteer-led or has very low administrative overhead, allowing a greater proportion of its resources to be directed towards its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely quantify spending efficiency beyond the absence of executive compensation.
Transparency is generally good, with 10 years of filing history available. The consistent reporting of 0% officer compensation is a positive indicator of transparency regarding executive pay. However, the lack of a specified NTEE code makes it difficult to understand the organization's specific programmatic focus and thus assess its effectiveness in achieving its mission. Further detail on program activities would enhance overall transparency.