Quick charity verification for Solas Nua Inc (EIN: 202454448)
Verdict: Solas Nua Inc appears trustworthy
85/100Mission Score
$500KRevenue
$84KAssets
2Red Flags
4Strengths
Red Flags
Significant drop in assets from $161,589 in 2022 to $84,303 in the latest summary, without corresponding revenue/expense data for the latest period.
Reported $0 revenue and $0 expenses for the 202212 period, which could indicate an incomplete filing or a period of inactivity that warrants further investigation.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
Significant growth in assets and revenue over the past decade, demonstrating increasing capacity and reach.
Low liabilities relative to assets in most periods, suggesting good financial stability.
Positive net assets in most reporting periods, indicating the organization is generally operating sustainably.
Spending Breakdown
How Solas Nua 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 Solas Nua Inc
Is Solas Nua Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Solas Nua Inc (EIN: 202454448) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Solas Nua Inc a good charity to donate to?
Solas Nua Inc has a Mission Score of 85/100. Revenue: $500K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Solas Nua Inc?
The Employer Identification Number (EIN) for Solas Nua Inc is 202454448. 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 Solas Nua Inc spend its money?
Solas Nua Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Solas Nua Inc's tax-exempt status?
You can verify Solas Nua Inc's tax-exempt status using EIN 202454448 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
Solas Nua Inc. demonstrates a generally stable financial history with fluctuating but often positive net assets. While the latest reported revenue is $499,950, the most recent detailed filing (202112) shows revenue of $288,720 and expenses of $298,019, indicating a slight deficit in that period. However, prior years like 202012 and 201912 showed surpluses, with revenues of $215,858 and $227,839 respectively, exceeding expenses. The organization's assets have grown significantly over time, from $8,440 in 2013 to $166,150 in 2021, though they dipped to $84,303 in the latest summary. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of spending efficiency and transparency. The NTEE code A65 (Performing Arts, General) suggests a focus on cultural programming, and the financial data generally supports an organization operating within its means, albeit with some year-to-year variability in financial performance.