Strong financial health with latest assets at $3,942,352.
Spending Breakdown
How Somerset Woods Trustees 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 Somerset Woods Trustees
Is Somerset Woods Trustees a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerset Woods Trustees (EIN: 16016350) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Somerset Woods Trustees a good charity to donate to?
Somerset Woods Trustees has a Mission Score of 92/100. Revenue: $2.6M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somerset Woods Trustees?
The Employer Identification Number (EIN) for Somerset Woods Trustees is 16016350. 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 Somerset Woods Trustees spend its money?
Somerset Woods Trustees allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somerset Woods Trustees's tax-exempt status?
You can verify Somerset Woods Trustees's tax-exempt status using EIN 16016350 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
Somerset Woods Trustees demonstrates strong financial health and a clear commitment to its mission, as evidenced by its recent IRS 990 filings. In the 2023 fiscal period, the organization reported substantial revenue of $726,221 against expenses of $152,006, leading to a significant increase in assets to $2,129,160. This trend of revenue exceeding expenses is consistent across multiple years, indicating effective financial management and growth in its asset base, which now stands at $3,942,352 overall. The organization's liabilities have consistently been very low or zero, suggesting a healthy balance sheet and minimal financial risk.
The organization's spending efficiency appears high, with expenses consistently much lower than revenue, allowing for asset accumulation. A key indicator of transparency and mission focus is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code C34Z (Land Resources Conservation and Development) aligns well with the organization's likely program activities, and the financial data supports a focus on building and maintaining assets for its stated purpose.
While specific program spending details are not provided in the summary data, the overall financial picture suggests that the organization is effectively managing its resources to grow its capacity. The consistent lack of officer compensation and minimal liabilities are strong indicators of a well-governed and financially prudent nonprofit. Further detailed analysis of program expenses versus administrative and fundraising costs would provide a more granular view of spending efficiency, but the available data points to a financially sound and mission-driven entity.