Quick charity verification for The Choir School Of Delaware Inc (EIN: 205486245)
Verdict: The Choir School Of Delaware Inc appears trustworthy
75/100Mission Score
$894KRevenue
$399KAssets
3Red Flags
3Strengths
Red Flags
Significant operating deficits in recent years (e.g., 202307: Expenses $1,233,374 vs. Revenue $665,205)
Fluctuating asset base, indicating potential instability in financial reserves.
Liabilities increased significantly in 202307 to $316,926 from $214,664 in 202207, relative to assets.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Periods of strong revenue generation (e.g., $1,493,529 in 202107) show capacity for fundraising.
Spending Breakdown
How The Choir School Of Delaware Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 The Choir School Of Delaware Inc
Is The Choir School Of Delaware Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Choir School Of Delaware Inc (EIN: 205486245) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is The Choir School Of Delaware Inc a good charity to donate to?
The Choir School Of Delaware Inc has a Mission Score of 75/100. Revenue: $894K. Assets: $399K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Choir School Of Delaware Inc?
The Employer Identification Number (EIN) for The Choir School Of Delaware Inc is 205486245. 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 The Choir School Of Delaware Inc spend its money?
The Choir School Of Delaware Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Choir School Of Delaware Inc's tax-exempt status?
You can verify The Choir School Of Delaware Inc's tax-exempt status using EIN 205486245 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 Choir School Of Delaware Inc has demonstrated fluctuating financial health over the past several years. While the organization reported a significant revenue of $1,493,529 in 2021, its most recent filing for the period 202307 shows expenses of $1,233,374 significantly exceeding revenue of $665,205, indicating a substantial operating deficit. This trend of expenses exceeding revenue is also evident in 202207 and 201907, suggesting potential challenges in maintaining financial stability. The organization's assets have also seen considerable fluctuation, peaking at $1,170,051 in 202107 and decreasing to $403,136 in 202307.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The lack of reported officer compensation also implies that the organization's leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which would require further investigation for complete transparency.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a strong positive. However, without access to the full 990 forms, a complete assessment of program spending ratios and other detailed financial metrics is limited. The absence of reported officer compensation is a notable point, suggesting either a highly efficient compensation structure or a reliance on volunteer leadership, which generally enhances transparency and donor trust.