Quick charity verification for Tailor Institute Incorporated (EIN: 201113617)
Verdict: Tailor Institute Incorporated appears trustworthy
85/100Mission Score
$468KRevenue
$191KAssets
1Red Flags
4Strengths
Red Flags
Slight operational deficit in the most recent filing (202306: Expenses $378,285 > Revenue $373,420)
Strengths
Consistent growth in revenue and assets over the past decade (e.g., Revenue from $233,583 in 201406 to $373,420 in 202306; Assets from $46,670 to $150,939).
No reported officer compensation across all filings, indicating high efficiency in executive pay.
How Tailor Institute Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Tailor Institute Incorporated
Is Tailor Institute Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Tailor Institute Incorporated (EIN: 201113617) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Tailor Institute Incorporated a good charity to donate to?
Tailor Institute Incorporated has a Mission Score of 85/100. Revenue: $468K. Assets: $191K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tailor Institute Incorporated?
The Employer Identification Number (EIN) for Tailor Institute Incorporated is 201113617. 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 Tailor Institute Incorporated spend its money?
Tailor Institute Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tailor Institute Incorporated's tax-exempt status?
You can verify Tailor Institute Incorporated's tax-exempt status using EIN 201113617 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
Tailor Institute Incorporated demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the most recent filing (202306), the organization reported revenues of $373,420 against expenses of $378,285, indicating a slight operational deficit for that period. However, the organization has shown growth in assets, reaching $150,939 in 202306 from $46,670 in 201406, suggesting a build-up of financial reserves over time. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing administrative overhead related to executive pay, which is a positive sign for donor confidence and spending efficiency.
The organization's financial health appears stable, with assets consistently exceeding liabilities (e.g., $150,939 assets vs. $0 liabilities in 202306). While there have been periods of expenses exceeding revenue, such as in 202306 and 201906, these have been relatively minor and do not suggest systemic financial instability. The consistent growth in revenue from $233,583 in 201406 to $373,420 in 202306 also points to a growing capacity to fund its programs. The absence of reported officer compensation is a significant factor in assessing its spending efficiency and transparency, as it suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which would require further investigation for full transparency.