Quick charity verification for Somersworth Festival Association (EIN: 20368054)
Verdict: Somersworth Festival Association appears trustworthy
90/100Mission Score
$128KRevenue
$131KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth (from $23,152 in 2020 to $106,007 in 2023).
Zero officer compensation across all reported periods, indicating high efficiency.
Strong asset growth (from $46,675 in 2020 to $112,648 in 2023).
Very low to zero liabilities, demonstrating strong financial health.
Consistent IRS 990 filing history (14 filings), indicating good transparency and compliance.
Spending Breakdown
How Somersworth Festival Association 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 Somersworth Festival Association
Is Somersworth Festival Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Somersworth Festival Association (EIN: 20368054) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Somersworth Festival Association a good charity to donate to?
Somersworth Festival Association has a Mission Score of 90/100. Revenue: $128K. Assets: $131K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somersworth Festival Association?
The Employer Identification Number (EIN) for Somersworth Festival Association is 20368054. 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 Somersworth Festival Association spend its money?
Somersworth Festival Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somersworth Festival Association's tax-exempt status?
You can verify Somersworth Festival Association's tax-exempt status using EIN 20368054 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 Somersworth Festival Association demonstrates consistent financial health and growth over the past several years, as evidenced by its increasing revenue and assets. In the 2023 fiscal period, the organization reported revenue of $106,007 and expenses of $80,738, resulting in a surplus that contributed to its growing asset base of $112,648. This trend of revenue exceeding expenses is generally positive, indicating sound financial management and an ability to build reserves. The organization's liabilities have consistently been very low or zero, which is a strong indicator of financial stability and responsible fiscal practices.
The association's spending efficiency appears strong, particularly given that officer compensation has been reported as 0% across all available filings. This suggests that the organization relies heavily on volunteer efforts for its leadership, allowing a greater proportion of its funds to be directed towards its programs and operational costs. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation is a significant positive for efficiency. The consistent growth in assets from $46,675 in 2020 to $112,648 in 2023 further underscores its ability to manage resources effectively and build capacity.
In terms of transparency, the organization has a robust filing history with 14 IRS 990 filings, indicating consistent compliance with reporting requirements. The clear reporting of zero officer compensation across all periods is a transparent disclosure. The consistent growth in assets and revenue, coupled with minimal liabilities, paints a picture of a well-managed and financially stable organization. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency across these categories is limited.