Quick charity verification for The Oliver Scholars Program Inc (EIN: 133248876)
Verdict: The Oliver Scholars Program Inc shows mixed signals
65/100Mission Score
$10.3MRevenue
$25.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., $4.8M expenses vs. $2.5M revenue in 2023).
Significant increase in liabilities from $438,041 in 2022 to $5,406,901 in 2023, which warrants further scrutiny.
Reliance on substantial assets to cover ongoing operational shortfalls, which is not a sustainable long-term strategy.
Strengths
Strong asset base ($26,867,473 in 2023) provides a financial buffer.
Consistent reporting of 0% officer compensation, indicating a commitment to mission over executive pay.
History of significant revenue generation in certain periods (e.g., $30.9M in 2016), demonstrating fundraising capacity.
Spending Breakdown
How The Oliver Scholars Program Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Oliver Scholars Program Inc
Is The Oliver Scholars Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Oliver Scholars Program Inc (EIN: 133248876) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is The Oliver Scholars Program Inc a good charity to donate to?
The Oliver Scholars Program Inc has a Mission Score of 65/100. Revenue: $10.3M. Assets: $25.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Oliver Scholars Program Inc?
The Employer Identification Number (EIN) for The Oliver Scholars Program Inc is 133248876. 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 Oliver Scholars Program Inc spend its money?
The Oliver Scholars Program Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Oliver Scholars Program Inc's tax-exempt status?
You can verify The Oliver Scholars Program Inc's tax-exempt status using EIN 133248876 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 Oliver Scholars Program Inc has demonstrated a consistent operational deficit in recent years, with expenses significantly exceeding revenue. For instance, in 2023, expenses were $4,839,616 against revenues of $2,494,207. This trend of spending more than it earns has been observed since at least 2017, with the exception of 2016 where a substantial revenue spike of $30,968,715 led to a surplus. Despite these deficits, the organization maintains a strong asset base, with assets at $26,867,473 in 2023, suggesting reliance on prior accumulated wealth or investment income to cover operational gaps. The organization reports 0% officer compensation across all available filings, which is a positive indicator of financial transparency and dedication to mission over executive pay. However, the consistent operational deficits raise questions about long-term financial sustainability if not addressed by increased fundraising or reduced spending.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent operational deficits suggest that current revenue streams are not sufficient to cover its activities. The significant liabilities in 2023 ($5,406,901) compared to previous years (e.g., $438,041 in 2022) warrant further investigation to understand their nature and impact on financial health. The lack of reported officer compensation is a strong point for transparency, but the overall financial picture suggests a need for strategic financial planning to align expenses with sustainable revenue generation.
While the organization's mission is not explicitly detailed in the provided data, the financial trends indicate a need for careful management to ensure its long-term viability. The substantial assets provide a buffer, but continuous reliance on them to cover deficits is not sustainable. The sudden increase in liabilities in 2023 is a notable concern that could impact future financial flexibility. Further transparency regarding the allocation of expenses would provide a clearer picture of spending efficiency and program focus.