Quick charity verification for Sound Recording Special Payments Fund (EIN: 136180704)
Verdict: Sound Recording Special Payments Fund appears trustworthy
90/100Mission Score
$22.8MRevenue
$23.0MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
Strong and consistent revenue growth over four periods, from $289,607 in 2020 to $14,238,259 in 2023.
Healthy increase in assets, reaching $21,669,111 in 2023, indicating financial stability.
Zero reported officer compensation across all filings, suggesting a high degree of financial efficiency and dedication of funds to the mission.
High program spending ratio, indicating efficient use of funds directly for its mission.
Spending Breakdown
How Sound Recording Special Payments Fund allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Sound Recording Special Payments Fund
Is Sound Recording Special Payments Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Sound Recording Special Payments Fund (EIN: 136180704) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Sound Recording Special Payments Fund a good charity to donate to?
Sound Recording Special Payments Fund has a Mission Score of 90/100. Revenue: $22.8M. Assets: $23.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sound Recording Special Payments Fund?
The Employer Identification Number (EIN) for Sound Recording Special Payments Fund is 136180704. 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 Sound Recording Special Payments Fund spend its money?
Sound Recording Special Payments Fund allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sound Recording Special Payments Fund's tax-exempt status?
You can verify Sound Recording Special Payments Fund's tax-exempt status using EIN 136180704 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 Sound Recording Special Payments Fund demonstrates a consistent pattern of strong financial health and efficient program spending based on its IRS 990 filings. Over the past four periods, the organization has shown significant revenue growth, from $289,607 in 2020 to $14,238,259 in 2023, indicating a robust ability to generate income. Its assets have also steadily increased, reaching $21,669,111 in 2023, suggesting sound financial management and accumulation of resources. The organization consistently spends a high proportion of its expenses on its programs, as evidenced by the low administrative and fundraising costs, which points to a focus on its core mission. The absence of officer compensation reported across all filings further enhances its transparency and commitment to directing funds towards its beneficiaries.