Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer Legit?
Quick charity verification for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer (EIN: 16019162)
Verdict: Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer appears trustworthy
85/100Mission Score
$95KRevenue
$74KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
No reported officer compensation across all filings, indicating a volunteer-led organization.
Consistent asset growth, from $34,112 in 2018 to $58,663 in 2023, demonstrating financial stability.
Positive net income in the latest filing period (Revenue $32,950 vs. Expenses $28,463).
Low liabilities, with $3,000 in 2023 and $1,000 in 2019, indicating good financial management.
Spending Breakdown
How Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer 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 Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer
Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer a legitimate charity?
Based on AI analysis of IRS 990 filings, Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer (EIN: 16019162) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
Is Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer a good charity to donate to?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer has a Mission Score of 85/100. Revenue: $95K. Assets: $74K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer?
The Employer Identification Number (EIN) for Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer is 16019162. 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 Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer spend its money?
Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's tax-exempt status?
You can verify Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer's tax-exempt status using EIN 16019162 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 Society For Preservation & Encourmt Of Barbershop Quartet Singing Amer appears to be a small, volunteer-led organization with a consistent financial history, albeit with fluctuating revenues and expenses. The organization's latest reported revenue is $32,950 with expenses of $28,463, indicating a positive net income for the period. Its assets have shown growth, increasing from $36,293 in 2019 to $58,663 in 2023, suggesting a healthy accumulation of resources over time. The absence of reported officer compensation across all available filings strongly indicates a volunteer-driven leadership, which is a positive sign for donor confidence regarding administrative overhead.
However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, it's challenging to fully assess spending efficiency. The organization's financial scale is relatively modest, with revenues generally ranging from $24,213 to $60,903 over the past decade. While the organization has experienced periods where expenses exceeded revenue, such as in 2018 ($56,504 expenses vs. $44,749 revenue) and 2015 ($67,457 expenses vs. $60,903 revenue), it has consistently maintained positive asset levels. The lack of reported officer compensation is a significant strength in terms of transparency and efficiency.
Overall, the organization demonstrates financial stability for its size, with a clear commitment to its mission through volunteer leadership. Further detailed expense breakdowns would enhance the assessment of its spending efficiency, but the current data suggests a fiscally responsible approach given its operational scale and volunteer structure.