Quick charity verification for Soldiers & Sailors Memorial (EIN: 160743192)
Verdict: Soldiers & Sailors Memorial appears trustworthy
95/100Mission Score
$61.1MRevenue
$63.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant revenue growth, from $30.8M in 2019 to $54.8M in 2023.
No reported officer compensation across all 13 filings, indicating high transparency and mission focus.
Healthy asset growth, from $43.5M in 2019 to $57.4M in 2023.
Expenses consistently well below revenue, demonstrating efficient financial management.
Positive net income in most reported periods, contributing to financial stability.
Spending Breakdown
How Soldiers & Sailors Memorial allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Soldiers & Sailors Memorial
Is Soldiers & Sailors Memorial a legitimate charity?
Based on AI analysis of IRS 990 filings, Soldiers & Sailors Memorial (EIN: 160743192) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Soldiers & Sailors Memorial a good charity to donate to?
Soldiers & Sailors Memorial has a Mission Score of 95/100. Revenue: $61.1M. Assets: $63.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Soldiers & Sailors Memorial?
The Employer Identification Number (EIN) for Soldiers & Sailors Memorial is 160743192. 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 Soldiers & Sailors Memorial spend its money?
Soldiers & Sailors Memorial allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Soldiers & Sailors Memorial's tax-exempt status?
You can verify Soldiers & Sailors Memorial's tax-exempt status using EIN 160743192 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
Soldiers & Sailors Memorial demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past five years, revenue has steadily increased from $30,845,340 in 2019 to $54,864,747 in 2023, indicating strong operational performance and fundraising capabilities. The organization consistently maintains a positive net income, with expenses generally well below revenue, contributing to a healthy accumulation of assets, which grew from $43,561,985 in 2019 to $57,447,873 in 2023.
The organization's spending efficiency is commendable, with a significant portion of its expenses likely directed towards its programs, given the overall financial health and growth. The absence of reported officer compensation across all available filings suggests a high degree of transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice is a strong indicator of good governance and financial stewardship.
Overall, Soldiers & Sailors Memorial exhibits robust financial health, efficient management of resources, and a high level of transparency, particularly concerning executive compensation. The consistent growth in revenue and assets, coupled with responsible expense management, positions the organization well to continue its mission effectively.