Is Society Of Flavor Chemists Inc Legit?

Quick charity verification for Society Of Flavor Chemists Inc (EIN: 132733564)

Verdict: Society Of Flavor Chemists Inc appears trustworthy

75/100Mission Score

$381KRevenue

$328KAssets

2Red Flags

3Strengths

Red Flags

Frequent operating deficits (e.g., 2023, 2022, 2021, 2020, 2018, 2017, 2016, 2014)
Declining assets in recent years (from $167,271 in 2015 to $42,810 in 2023)

Strengths

Consistent reporting of 0% officer compensation, indicating volunteer leadership and low executive overhead.
Consistently reports zero liabilities, suggesting a debt-free or very low-debt financial position.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.

Spending Breakdown

How Society Of Flavor Chemists Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Society Of Flavor Chemists Inc

Is Society Of Flavor Chemists Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Society Of Flavor Chemists Inc (EIN: 132733564) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Society Of Flavor Chemists Inc a good charity to donate to?

Society Of Flavor Chemists Inc has a Mission Score of 75/100. Revenue: $381K. Assets: $328K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Society Of Flavor Chemists Inc?

The Employer Identification Number (EIN) for Society Of Flavor Chemists Inc is 132733564. 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 Of Flavor Chemists Inc spend its money?

Society Of Flavor Chemists Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Society Of Flavor Chemists Inc's tax-exempt status?

You can verify Society Of Flavor Chemists Inc's tax-exempt status using EIN 132733564 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 Of Flavor Chemists Inc demonstrates a consistent operational pattern, with revenues and expenses fluctuating over the past decade. For instance, in 2023, the organization reported revenues of $104,077 against expenses of $130,418, indicating a deficit for the year. This trend of expenses exceeding revenue is observed in several periods, such as 2022 ($52,787 revenue vs. $88,039 expenses) and 2021 ($31,615 revenue vs. $45,416 expenses). However, there are also periods of surplus, like 2019 ($143,715 revenue vs. $89,212 expenses) and 2015 ($214,557 revenue vs. $152,431 expenses).

The organization's assets have shown variability, peaking at $167,271 in 2015 and declining to $42,810 in 2023. The consistent reporting of zero liabilities across most years suggests a healthy balance sheet in terms of debt. The absence of officer compensation reported in all available filings indicates a volunteer-driven leadership structure, which can be a positive sign for donor confidence regarding administrative costs. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging.

Overall, the Society Of Flavor Chemists Inc appears to be a stable, albeit small, organization with fluctuating financial performance year-to-year. Its transparency is good in terms of filing its 990s and reporting no officer compensation, but a more granular expense breakdown would enhance understanding of its spending efficiency and program focus.

View Full Transparency Report →

Disclaimer

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