Inconsistent operating surpluses, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2019, 2018, 2015).
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Strong asset growth over the decade, from $222,205 in 2014 to $337,987 in 2023.
Consistently low or zero liabilities, demonstrating a healthy balance sheet and minimal debt.
Long history of IRS 990 filings (13 filings), indicating a commitment to transparency and compliance.
Spending Breakdown
How Somesville Landing Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Somesville Landing Corp
Is Somesville Landing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Somesville Landing Corp (EIN: 16017888) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Somesville Landing Corp a good charity to donate to?
Somesville Landing Corp has a Mission Score of 85/100. Revenue: $56K. Assets: $351K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Somesville Landing Corp?
The Employer Identification Number (EIN) for Somesville Landing Corp is 16017888. 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 Somesville Landing Corp spend its money?
Somesville Landing Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Somesville Landing Corp's tax-exempt status?
You can verify Somesville Landing Corp's tax-exempt status using EIN 16017888 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
Somesville Landing Corp demonstrates consistent financial activity over the past decade, with revenues and expenses fluctuating but generally remaining in a similar range. For instance, in 2023, the organization reported revenues of $53,605 against expenses of $58,065, indicating a slight operating deficit. This trend of expenses sometimes exceeding revenue is observed in several years, such as 2022 ($36,433 revenue vs. $61,108 expenses) and 2019 ($29,270 revenue vs. $38,229 expenses). However, the organization has also had years with surpluses, like 2021 ($94,378 revenue vs. $48,514 expenses).
The organization's assets have shown a steady increase over time, growing from $222,205 in 2014 to $337,987 in 2023, suggesting sound asset management despite operational fluctuations. A key aspect of its financial health is the consistently low or zero reported liabilities, indicating a strong balance sheet and minimal debt burden. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive indicator of efficiency and dedication to the mission.
While specific program spending details are not provided in the summary data, the absence of officer compensation and low liabilities point towards a potentially efficient use of funds. The organization's consistent filing history over 13 periods also indicates a commitment to transparency. To fully assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be necessary, but the available data suggests a financially stable entity with a volunteer-led structure.