Quick charity verification for Stonington Quarry Museum Inc (EIN: 10502652)
Verdict: Stonington Quarry Museum Inc appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
2Red Flags
4Strengths
Red Flags
Limited financial history makes long-term trend analysis difficult
Latest reported revenue and assets are $0, which contradicts the 2022 filing data, suggesting potential data entry or reporting discrepancies for the 'latest' figures.
Strengths
Strong financial surplus in 2022 ($95,625)
No officer compensation reported in 2022 filing
Very low expenses relative to revenue in 2022 ($9,871 expenses vs. $105,496 revenue)
Positive asset growth from $0 to $71,030 in 2022
AI Transparency Report
Stonington Quarry Museum Inc appears to be in a very early stage of development or has minimal financial activity, as indicated by its latest reported revenue and assets of $0. However, the single available IRS 990 filing for the period ending December 2022 shows revenue of $105,496 and expenses of $9,871, resulting in a significant surplus. This suggests that the organization is either accumulating funds for future projects or has very low operational costs relative to its income. The lack of reported officer compensation in this filing is a positive sign for donor confidence, indicating that funds are not being used for executive salaries at this stage. Given the limited data, a comprehensive assessment of long-term financial health and spending efficiency is challenging, but the initial filing shows a strong financial position with expenses well below revenue.