Is Skowhegan School Of Painting And Sculpture Inc Legit?
Quick charity verification for Skowhegan School Of Painting And Sculpture Inc (EIN: 10263908)
Verdict: Skowhegan School Of Painting And Sculpture Inc appears trustworthy
90/100Mission Score
$20.8MRevenue
$44.8MAssets
2Red Flags
4Strengths
Red Flags
Operating deficit in 2023: Expenses ($4,130,268) significantly exceeded revenue ($2,214,790) in the latest filing period.
Unusually low (0%) officer compensation reported for an organization of this size, which may warrant further clarification on how leadership is compensated or structured.
Strengths
Strong asset growth: Assets increased from $18.7 million in 2016 to $40.6 million in 2023, indicating robust financial health and capacity.
Very low liabilities: Liabilities consistently remain a small fraction of total assets, demonstrating strong financial management and low debt risk.
Consistent reporting of 0% officer compensation, suggesting a high dedication to mission-related spending.
Significant revenue generation capacity, with several years showing revenues well over $5 million, including a peak of $9.4 million in 2022.
Spending Breakdown
How Skowhegan School Of Painting And Sculpture 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
5%
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 Skowhegan School Of Painting And Sculpture Inc
Is Skowhegan School Of Painting And Sculpture Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Skowhegan School Of Painting And Sculpture Inc (EIN: 10263908) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Skowhegan School Of Painting And Sculpture Inc a good charity to donate to?
Skowhegan School Of Painting And Sculpture Inc has a Mission Score of 90/100. Revenue: $20.8M. Assets: $44.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Skowhegan School Of Painting And Sculpture Inc?
The Employer Identification Number (EIN) for Skowhegan School Of Painting And Sculpture Inc is 10263908. 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 Skowhegan School Of Painting And Sculpture Inc spend its money?
Skowhegan School Of Painting And Sculpture Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Skowhegan School Of Painting And Sculpture Inc's tax-exempt status?
You can verify Skowhegan School Of Painting And Sculpture Inc's tax-exempt status using EIN 10263908 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
Skowhegan School Of Painting And Sculpture Inc demonstrates a generally strong financial position, with assets growing significantly from $18.7 million in 2016 to over $40.6 million in 2023. The organization has shown a healthy ability to generate revenue, with notable spikes such as $9.4 million in 2022 and $6.8 million in 2019, though revenue in 2023 was $2.2 million, lower than its expenses of $4.1 million for that period. This recent deficit warrants attention, but the overall trend of asset growth and substantial revenue generation over the years suggests a resilient financial model. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment. Their liabilities have remained very low relative to their assets, indicating good financial management and low debt risk.