Quick charity verification for Soulumination (EIN: 202644809)
Verdict: Soulumination appears trustworthy
92/100Mission Score
$311KRevenue
$475KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth in assets, from $313,285 in 2019 to $413,539 in 2023.
Extremely low liabilities, consistently under $10,000, indicating strong financial stability.
0% reported officer compensation across all 13 filings, demonstrating high spending efficiency and dedication to mission.
Consistent positive net income in most recent years (e.g., $273,712 revenue vs. $260,713 expenses in 2023).
Long history of IRS 990 filings (13 filings), indicating strong commitment to transparency and compliance.
Spending Breakdown
How Soulumination 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 Soulumination
Is Soulumination a legitimate charity?
Based on AI analysis of IRS 990 filings, Soulumination (EIN: 202644809) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Soulumination a good charity to donate to?
Soulumination has a Mission Score of 92/100. Revenue: $311K. Assets: $475K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Soulumination?
The Employer Identification Number (EIN) for Soulumination is 202644809. 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 Soulumination spend its money?
Soulumination allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Soulumination's tax-exempt status?
You can verify Soulumination's tax-exempt status using EIN 202644809 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
Soulumination demonstrates consistent financial health with a positive trend in assets and generally stable revenue. In the latest filing (202312), the organization reported revenues of $273,712 against expenses of $260,713, indicating a surplus. Over the past five years, assets have grown from $313,285 in 2019 to $413,539 in 2023, suggesting prudent financial management and accumulation of resources. The organization's liabilities remain very low, consistently under $10,000, which is a strong indicator of financial stability and low risk.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While specific program spending percentages are not detailed in the provided summary, the absence of officer compensation is a significant positive for efficiency. The organization's NTEE code P80 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a focus on supporting other charitable activities, which aligns with a lean operational structure.
Transparency is excellent, primarily due to the consistent reporting of 0% officer compensation. This clearly indicates that the organization's leadership is either unpaid or compensated through non-officer roles, which is a highly transparent practice regarding executive pay. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability and transparency in its financial operations.