Quick charity verification for Stone Ridge Association Inc (EIN: 113672574)
Verdict: Stone Ridge Association Inc appears trustworthy
75/100Mission Score
$5.0MRevenue
$6.3MAssets
2Red Flags
3Strengths
Red Flags
Latest fiscal year (202312) shows expenses ($5,540,633) significantly exceeding revenue ($4,879,427), resulting in a deficit.
Consistent reporting of 0% officer compensation may obscure actual leadership remuneration if it's reported under other expense categories.
Strengths
Consistent growth in assets, from $5,581,517 in 2019 to $6,425,488 in 2023, indicating financial growth.
Maintains a healthy asset-to-liability ratio, with liabilities consistently low relative to assets.
History of operating surpluses in prior years (2019-2022) before the recent deficit.
Spending Breakdown
How Stone Ridge Association Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Stone Ridge Association Inc
Is Stone Ridge Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stone Ridge Association Inc (EIN: 113672574) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Stone Ridge Association Inc a good charity to donate to?
Stone Ridge Association Inc has a Mission Score of 75/100. Revenue: $5.0M. Assets: $6.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Stone Ridge Association Inc?
The Employer Identification Number (EIN) for Stone Ridge Association Inc is 113672574. 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 Stone Ridge Association Inc spend its money?
Stone Ridge Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Stone Ridge Association Inc's tax-exempt status?
You can verify Stone Ridge Association Inc's tax-exempt status using EIN 113672574 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
Stone Ridge Association Inc, a homeowners association (NTEE Code L50), demonstrates consistent financial activity with revenues generally exceeding expenses in most recent periods, though the latest filing (202312) shows expenses of $5,540,633 exceeding revenue of $4,879,427, indicating a deficit for that year. The organization maintains a healthy asset base, growing from $5,581,517 in 2019 to $6,425,488 in 2023, with manageable liabilities. As a homeowners association, its 'program' spending would primarily relate to community maintenance and services, which is typical for its NTEE code. The consistent reporting of 0% officer compensation across all filings suggests either volunteer leadership or compensation is reported under other expense categories, which could impact the perceived transparency of executive pay if not clearly detailed elsewhere. Overall, the organization appears financially stable, but the recent deficit warrants attention.