Quick charity verification for The Las Vegas Scholarship Foundation (EIN: 201831953)
Verdict: The Las Vegas Scholarship Foundation appears trustworthy
85/100Mission Score
$37KRevenue
$426KAssets
1Red Flags
4Strengths
Red Flags
Occasional years where expenses significantly exceed revenue, such as 2021 where expenses were $71,960 against $19,802 revenue, indicating reliance on reserves.
Strengths
Consistent 0% officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
Strong and growing asset base, with assets of $426,274 providing financial stability.
Negligible liabilities ($0-$1) across all reported periods, indicating excellent financial health and low debt.
Consistent IRS 990 filing history over a decade, demonstrating commitment to transparency.
Spending Breakdown
How The Las Vegas Scholarship Foundation 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 The Las Vegas Scholarship Foundation
Is The Las Vegas Scholarship Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Las Vegas Scholarship Foundation (EIN: 201831953) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is The Las Vegas Scholarship Foundation a good charity to donate to?
The Las Vegas Scholarship Foundation has a Mission Score of 85/100. Revenue: $37K. Assets: $426K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Las Vegas Scholarship Foundation?
The Employer Identification Number (EIN) for The Las Vegas Scholarship Foundation is 201831953. 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 Las Vegas Scholarship Foundation spend its money?
The Las Vegas Scholarship Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Las Vegas Scholarship Foundation's tax-exempt status?
You can verify The Las Vegas Scholarship Foundation's tax-exempt status using EIN 201831953 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 Las Vegas Scholarship Foundation demonstrates consistent financial stability with substantial assets relative to its annual revenue. With assets of $426,274 against a latest revenue of $36,654, the organization maintains a strong financial cushion. Over the past decade, its assets have steadily grown from $377,738 in 2011 to $444,208 in 2023, indicating prudent financial management and asset accumulation. The organization's liabilities have consistently been negligible ($0-$1), suggesting a very low debt burden and strong fiscal health.
Spending efficiency appears to be a core strength, as the organization consistently reports 0% officer compensation across all filings, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation suggests a high proportion of funds could be directed towards its mission. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to precisely quantify program efficiency.
Transparency is generally good given the consistent filing of IRS Form 990s over a decade. The consistent reporting of minimal liabilities and zero officer compensation enhances trust. To further improve transparency, a more detailed breakdown of expenses into program, administrative, and fundraising categories would be beneficial for external analysis.