Quick charity verification for Spring Point Ledge Light Trust (EIN: 10523776)
Verdict: Spring Point Ledge Light Trust appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
2Red Flags
3Strengths
Red Flags
Significant unexplained asset reduction from $2,103,658 in 2013 to $32,004 in 2014.
Latest reported period shows $0 revenue and $0 assets, which is inconsistent with historical operations and raises questions about current activity.
Strengths
Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
No reported liabilities across all filing periods, suggesting financial stability.
Historically, the organization has generally managed to cover expenses with revenue, demonstrating operational viability.
Spending Breakdown
How Spring Point Ledge Light Trust 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 Spring Point Ledge Light Trust
Is Spring Point Ledge Light Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Spring Point Ledge Light Trust (EIN: 10523776) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Spring Point Ledge Light Trust a good charity to donate to?
Spring Point Ledge Light Trust has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spring Point Ledge Light Trust?
The Employer Identification Number (EIN) for Spring Point Ledge Light Trust is 10523776. 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 Spring Point Ledge Light Trust spend its money?
Spring Point Ledge Light Trust allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spring Point Ledge Light Trust's tax-exempt status?
You can verify Spring Point Ledge Light Trust's tax-exempt status using EIN 10523776 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
Spring Point Ledge Light Trust appears to be a small, volunteer-run organization focused on the preservation of the Spring Point Ledge Light. The organization consistently reports zero officer compensation across all available filings, indicating a strong reliance on volunteer efforts and a commitment to directing funds towards its mission. While the latest reported revenue and assets are $0, this likely reflects a period of minimal activity or a gap in reporting, as previous years show consistent, albeit modest, financial activity. The organization's financial health, based on historical data, shows a pattern of generating enough revenue to cover expenses in most years, with assets fluctuating significantly, particularly between 2014 and 2015, suggesting a potential change in asset management or reporting. The lack of liabilities across all filings is a positive indicator of financial stability.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent absence of officer compensation suggests a high degree of efficiency in terms of leadership costs. The organization's ability to operate with relatively low expenses, such as $10,910 in 2015 and $23,435 in 2016, while maintaining assets, points to a lean operational model. The significant drop in assets from over $2 million in 2013 to $32,004 in 2014 warrants further investigation to understand the underlying cause, as it represents a major financial event.
Transparency is generally good given the availability of multiple years of IRS 990 data. The consistent reporting of zero liabilities and officer compensation enhances trust. However, the sudden disappearance of assets between 2013 and 2014, from $2,103,658 to $32,004, is a significant financial event that is not immediately explained by the summary data and could raise questions for potential donors. Further detail on this asset change would improve overall transparency.