Is The Craig P Hutchinson Memorial Scholarship Foundation Inc Legit?
Quick charity verification for The Craig P Hutchinson Memorial Scholarship Foundation Inc (EIN: 208923828)
Verdict: The Craig P Hutchinson Memorial Scholarship Foundation Inc appears trustworthy
95/100Mission Score
$27KRevenue
$89KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong asset growth, from $26,479 in 2014 to $92,301 in 2023.
Extremely low expense ratio, with expenses often less than 10% of revenue (e.g., $1,371 expenses on $22,795 revenue in 2023).
Zero officer compensation reported across all filings, indicating volunteer leadership and high efficiency.
Consistent revenue generation and growth over the past decade.
No reported liabilities, indicating sound financial management and stability.
Spending Breakdown
How The Craig P Hutchinson Memorial Scholarship Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 The Craig P Hutchinson Memorial Scholarship Foundation Inc
Is The Craig P Hutchinson Memorial Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Craig P Hutchinson Memorial Scholarship Foundation Inc (EIN: 208923828) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is The Craig P Hutchinson Memorial Scholarship Foundation Inc a good charity to donate to?
The Craig P Hutchinson Memorial Scholarship Foundation Inc has a Mission Score of 95/100. Revenue: $27K. Assets: $89K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Craig P Hutchinson Memorial Scholarship Foundation Inc?
The Employer Identification Number (EIN) for The Craig P Hutchinson Memorial Scholarship Foundation Inc is 208923828. 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 Craig P Hutchinson Memorial Scholarship Foundation Inc spend its money?
The Craig P Hutchinson Memorial Scholarship Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Craig P Hutchinson Memorial Scholarship Foundation Inc's tax-exempt status?
You can verify The Craig P Hutchinson Memorial Scholarship Foundation Inc's tax-exempt status using EIN 208923828 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 Craig P Hutchinson Memorial Scholarship Foundation Inc demonstrates strong financial health and transparency, particularly given its small scale. The organization consistently reports zero liabilities and zero officer compensation across all available filings, indicating a lean operational structure and a commitment to directing funds towards its mission. Its assets have shown consistent growth, from $26,479 in 2014 to $92,301 in 2023, while revenue has also generally trended upwards, reaching $22,795 in 2023. This growth in assets, coupled with low expenses relative to revenue (e.g., $1,371 in expenses against $22,795 in revenue in 2023), suggests effective financial management and a focus on building a sustainable endowment for scholarships.
The organization's spending efficiency is excellent, with expenses often representing a very small fraction of its revenue. For instance, in 2023, expenses were only about 6% of revenue. While specific program spending details are not itemized in the provided summary, the overall low expense ratio strongly implies that the vast majority of funds are either retained for future scholarships or directly disbursed. The absence of officer compensation further enhances its efficiency and transparency profile, assuring donors that contributions are not diverted to administrative salaries. The consistent filing of IRS 990 forms over 13 periods also reflects a commitment to regulatory compliance and public accountability.