Is Steamboat Springs Free Summerconcert Series Legit?
Quick charity verification for Steamboat Springs Free Summerconcert Series (EIN: 204324040)
Verdict: Steamboat Springs Free Summerconcert Series appears trustworthy
92/100Mission Score
$429KRevenue
$76KAssets
1Red Flags
4Strengths
Red Flags
Fluctuating liabilities, reaching $62,465 in 202212, warrant closer examination of their nature and management.
Strengths
Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
Strong revenue growth in recent years, with $413,370 in 202312, demonstrating robust community support.
Long and consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
Near break-even operations in the latest period ($413,370 revenue vs. $410,371 expenses), showing sound financial management for an event-based nonprofit.
Spending Breakdown
How Steamboat Springs Free Summerconcert Series 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 Steamboat Springs Free Summerconcert Series
Is Steamboat Springs Free Summerconcert Series a legitimate charity?
Based on AI analysis of IRS 990 filings, Steamboat Springs Free Summerconcert Series (EIN: 204324040) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Steamboat Springs Free Summerconcert Series a good charity to donate to?
Steamboat Springs Free Summerconcert Series has a Mission Score of 92/100. Revenue: $429K. Assets: $76K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steamboat Springs Free Summerconcert Series?
The Employer Identification Number (EIN) for Steamboat Springs Free Summerconcert Series is 204324040. 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 Steamboat Springs Free Summerconcert Series spend its money?
Steamboat Springs Free Summerconcert Series allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steamboat Springs Free Summerconcert Series's tax-exempt status?
You can verify Steamboat Springs Free Summerconcert Series's tax-exempt status using EIN 204324040 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 Steamboat Springs Free Summer Concert Series demonstrates a generally healthy financial position, with recent revenue growth indicating strong community support. In the latest filing period (202312), the organization reported revenue of $413,370 against expenses of $410,371, showing a near break-even operation which is common for event-based nonprofits. Their assets of $76,564 are modest but appear sufficient for their operational scale, especially given the nature of their activities. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of volunteer-driven leadership and efficient use of funds directly for their mission. While specific program spending details are not provided in the summary data, the absence of executive compensation suggests a high proportion of funds likely go towards concert production and related costs. The organization's consistent filing history over 13 periods also points to good transparency and adherence to regulatory requirements.