Is The Lowe Family Young Scholars Program Inc Legit?
Quick charity verification for The Lowe Family Young Scholars Program Inc (EIN: 208786692)
Verdict: The Lowe Family Young Scholars Program Inc appears trustworthy
88/100Mission Score
$1.7MRevenue
$2.8MAssets
1Red Flags
5Strengths
Red Flags
Minor deficit in the latest filing period (202312) where expenses ($177,613) slightly exceeded revenue ($175,992).
Strengths
Consistent asset growth, from $104,656 in 201412 to $1,222,800 in 202312.
Extremely low or zero liabilities across all filing periods, indicating strong financial management.
0% reported officer compensation, suggesting efficient use of funds for programs.
Strong revenue generation in several periods, such as $528,120 in 202212, allowing for asset accumulation.
Positive net asset position maintained over the long term.
Spending Breakdown
How The Lowe Family Young Scholars Program Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Lowe Family Young Scholars Program Inc
Is The Lowe Family Young Scholars Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Lowe Family Young Scholars Program Inc (EIN: 208786692) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is The Lowe Family Young Scholars Program Inc a good charity to donate to?
The Lowe Family Young Scholars Program Inc has a Mission Score of 88/100. Revenue: $1.7M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Lowe Family Young Scholars Program Inc?
The Employer Identification Number (EIN) for The Lowe Family Young Scholars Program Inc is 208786692. 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 Lowe Family Young Scholars Program Inc spend its money?
The Lowe Family Young Scholars Program Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Lowe Family Young Scholars Program Inc's tax-exempt status?
You can verify The Lowe Family Young Scholars Program Inc's tax-exempt status using EIN 208786692 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 Lowe Family Young Scholars Program Inc demonstrates a generally healthy financial position, with assets consistently growing over the past decade, reaching $1,222,800 in the latest filing period (202312). The organization has shown a strong ability to manage liabilities, consistently reporting very low or zero liabilities across all filing periods, indicating sound financial management and minimal debt burden. While revenue has fluctuated, notably with a significant increase to $528,120 in 202212, the organization has maintained a positive net asset position. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator for donor confidence regarding administrative efficiency, though it also warrants further inquiry into how leadership is sustained. The organization's spending efficiency appears robust, with expenses generally well below revenue in most years, allowing for asset accumulation. For instance, in 202212, revenue was $528,120 against expenses of $132,964, demonstrating a substantial surplus. The latest period (202312) shows expenses ($177,613) slightly exceeding revenue ($175,992), resulting in a minor deficit for that specific year, but this is offset by prior surpluses and strong asset base. Overall, the organization appears financially stable and well-managed.