Quick charity verification for St Anns Warehouse Inc (EIN: 112665242)
Verdict: St Anns Warehouse Inc appears trustworthy
92/100Mission Score
$12.7MRevenue
$28.7MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (2023: Expenses $14.8M > Revenue $11.9M)
Strengths
Zero reported executive compensation across all 13 filings
Strong and consistent asset base, peaking at $32.6M in 2022
Significant revenue rebound from $4.7M in 2021 to $11.9M in 2023
Low liabilities relative to assets in most years, indicating good financial management
Spending Breakdown
How St Anns Warehouse 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 St Anns Warehouse Inc
Is St Anns Warehouse Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Anns Warehouse Inc (EIN: 112665242) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is St Anns Warehouse Inc a good charity to donate to?
St Anns Warehouse Inc has a Mission Score of 92/100. Revenue: $12.7M. Assets: $28.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for St Anns Warehouse Inc?
The Employer Identification Number (EIN) for St Anns Warehouse Inc is 112665242. 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 St Anns Warehouse Inc spend its money?
St Anns Warehouse Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify St Anns Warehouse Inc's tax-exempt status?
You can verify St Anns Warehouse Inc's tax-exempt status using EIN 112665242 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
St Anns Warehouse Inc demonstrates a generally stable financial position with significant assets, consistently above $28 million in recent years, peaking at $32.6 million in 2022. Revenue has fluctuated, with a notable dip in 2021 to $4.7 million, but rebounded to $11.9 million in 2023. The organization experienced an operating deficit in 2023, with expenses of $14.8 million exceeding revenue of $11.9 million, which warrants monitoring. However, prior years like 2022 showed a healthy surplus ($8.8 million revenue vs. $6.4 million expenses).
Spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, indicating a commitment to directing funds towards its mission rather than executive salaries. The organization's NTEE code A200 suggests a focus on performing arts, and the consistent asset base supports its long-term operational capacity. The absence of reported officer compensation also significantly boosts its transparency score.
Overall, while the 2023 operating deficit is a point to watch, the historical financial health, substantial assets, and zero reported executive compensation suggest a well-managed and transparent organization. The fluctuations in revenue and expenses are common for arts organizations, often tied to specific programming cycles and fundraising efforts.