Quick charity verification for Somerton Tomale Festival Inc (EIN: 204166222)
Verdict: Somerton Tomale Festival Inc appears trustworthy
85/100Mission Score
$250KRevenue
$88KAssets
1Red Flags
5Strengths
Red Flags
Significant revenue volatility in 2020 due to external factors (e.g., pandemic impact on events).
Strengths
Consistent 0% officer compensation, indicating strong volunteer support and efficient use of funds.
Demonstrated financial resilience and recovery from challenging periods, such as the 2020 revenue drop.
Positive net income in 2023 ($303,813 revenue vs. $249,990 expenses), contributing to asset growth.
Consistent filing of IRS Form 990s, indicating good transparency and compliance.
Growing assets, reaching $82,024 in 2023, showing financial strengthening.
Spending Breakdown
How Somerton Tomale Festival Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Somerton Tomale Festival Inc
Is Somerton Tomale Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerton Tomale Festival Inc (EIN: 204166222) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Somerton Tomale Festival Inc a good charity to donate to?
Somerton Tomale Festival Inc has a Mission Score of 85/100. Revenue: $250K. Assets: $88K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somerton Tomale Festival Inc?
The Employer Identification Number (EIN) for Somerton Tomale Festival Inc is 204166222. 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 Somerton Tomale Festival Inc spend its money?
Somerton Tomale Festival Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somerton Tomale Festival Inc's tax-exempt status?
You can verify Somerton Tomale Festival Inc's tax-exempt status using EIN 204166222 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
Somerton Tomale Festival Inc demonstrates a generally stable financial position over the past decade, with revenues and expenses fluctuating around the quarter-million dollar mark. In 2023, the organization reported revenue of $303,813 against expenses of $249,990, resulting in a surplus. This positive trend is a recovery from some prior years where expenses exceeded revenue, such as in 2022 ($193,061 revenue vs. $194,281 expenses) and notably in 2020 when revenue plummeted to $4,912 while expenses were $52,419. The organization's assets have shown growth, reaching $82,024 in 2023, up from $34,179 in 2022, indicating some financial strengthening.
The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and efficient use of funds for its mission. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the absence of paid executive compensation suggests a lean operational structure. The consistent filing of IRS Form 990s over 12 periods demonstrates a commitment to regulatory compliance and transparency.