Quick charity verification for The School Of Practical Philosophy (EIN: 133107679)
Verdict: The School Of Practical Philosophy appears trustworthy
90/100Mission Score
$5.5MRevenue
$20.9MAssets
1Red Flags
5Strengths
Red Flags
Unusual: 0% officer compensation reported for an organization with over $17 million in assets, which could indicate alternative compensation structures not transparently disclosed as officer pay or a fully volunteer executive team.
Strengths
Strong program spending implied by 0% officer compensation and consistent surpluses.
Consistent revenue growth, increasing from $714,430 in 2015 to $3,022,208 in 2023.
Significant asset accumulation, growing from $6,000,603 in 2015 to $17,845,257 in 2023.
Consistent financial surpluses, with revenues exceeding expenses in recent years (e.g., $3,022,208 revenue vs. $1,609,517 expenses in 2023).
Low liabilities relative to assets, indicating strong financial stability (e.g., $1,718,561 liabilities vs. $17,845,257 assets in 2023).
Spending Breakdown
How The School Of Practical Philosophy 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 School Of Practical Philosophy
Is The School Of Practical Philosophy a legitimate charity?
Based on AI analysis of IRS 990 filings, The School Of Practical Philosophy (EIN: 133107679) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is The School Of Practical Philosophy a good charity to donate to?
The School Of Practical Philosophy has a Mission Score of 90/100. Revenue: $5.5M. Assets: $20.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The School Of Practical Philosophy?
The Employer Identification Number (EIN) for The School Of Practical Philosophy is 133107679. 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 School Of Practical Philosophy spend its money?
The School Of Practical Philosophy allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The School Of Practical Philosophy's tax-exempt status?
You can verify The School Of Practical Philosophy's tax-exempt status using EIN 133107679 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 School Of Practical Philosophy demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $714,430 in 2015 to $3,022,208 in 2023, while assets have grown from $6,000,603 to $17,845,257 in the same period. The organization consistently operates with a surplus, as evidenced by revenues significantly exceeding expenses in recent years (e.g., $3,022,208 revenue vs. $1,609,517 expenses in 2023). This indicates sound financial management and an ability to build reserves.
Spending efficiency appears robust, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation and relatively low liabilities. The organization's transparency is commendable, particularly in its consistent filing of IRS Form 990s and the clear reporting of financial metrics. The lack of reported officer compensation further enhances its transparency profile, suggesting resources are primarily allocated to its mission rather than executive salaries. Overall, the organization exhibits strong financial health, efficient resource allocation, and a high degree of transparency.