Quick charity verification for The Schenectady Foundation (EIN: 146019650)
Verdict: The Schenectady Foundation appears trustworthy
90/100Mission Score
$4.3MRevenue
$56.0MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $51,236,167 in 2023.
High program spending ratio of 75%.
0% reported officer compensation across all filings, indicating strong financial efficiency and transparency.
Low liabilities relative to assets, demonstrating sound financial management.
Positive net position maintained over the long term.
Spending Breakdown
How The Schenectady Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Schenectady Foundation
Is The Schenectady Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Schenectady Foundation (EIN: 146019650) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is The Schenectady Foundation a good charity to donate to?
The Schenectady Foundation has a Mission Score of 90/100. Revenue: $4.3M. Assets: $56.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Schenectady Foundation?
The Employer Identification Number (EIN) for The Schenectady Foundation is 146019650. 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 Schenectady Foundation spend its money?
The Schenectady Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Schenectady Foundation's tax-exempt status?
You can verify The Schenectady Foundation's tax-exempt status using EIN 146019650 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 Schenectady Foundation demonstrates strong financial health, with assets consistently growing over the past decade, reaching $51,236,167 in 2023. The organization's revenue has fluctuated, with a notable high of $5,442,270 in 2021, but generally maintains a positive net position. Their spending efficiency appears robust, as evidenced by their consistent program spending focus (75% in the latest period). The foundation's transparency is commendable, particularly given the consistent reporting of 0% officer compensation across all available filings, indicating that key leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. Their liabilities remain a small fraction of their total assets, suggesting sound financial management.