Is The Schuyler Foundation For Career Bridges Incorporated Legit?
Quick charity verification for The Schuyler Foundation For Career Bridges Incorporated (EIN: 134104282)
Verdict: The Schuyler Foundation For Career Bridges Incorporated appears trustworthy
85/100Mission Score
$158KRevenue
$7KAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending in recent years (e.g., 2023 expenses $157,386 vs. revenue $115,214)
Significant decline in assets over the last two years, from $144,208 in 2021 to $6,647 currently.
Strengths
Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
Zero reported liabilities across all filing periods, demonstrating strong financial health and no debt.
Long operational history with 14 filings, suggesting established presence and experience.
Spending Breakdown
How The Schuyler Foundation For Career Bridges Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Schuyler Foundation For Career Bridges Incorporated
Is The Schuyler Foundation For Career Bridges Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The Schuyler Foundation For Career Bridges Incorporated (EIN: 134104282) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is The Schuyler Foundation For Career Bridges Incorporated a good charity to donate to?
The Schuyler Foundation For Career Bridges Incorporated has a Mission Score of 85/100. Revenue: $158K. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Schuyler Foundation For Career Bridges Incorporated?
The Employer Identification Number (EIN) for The Schuyler Foundation For Career Bridges Incorporated is 134104282. 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 Schuyler Foundation For Career Bridges Incorporated spend its money?
The Schuyler Foundation For Career Bridges Incorporated allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Schuyler Foundation For Career Bridges Incorporated's tax-exempt status?
You can verify The Schuyler Foundation For Career Bridges Incorporated's tax-exempt status using EIN 134104282 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 Schuyler Foundation For Career Bridges Incorporated demonstrates a consistent operational history, with revenues and expenses generally in the range of $100,000 to $200,000 annually over the past decade. A notable trend is that in several recent years (2023, 2022, 2017, 2016, 2015, 2014), expenses have exceeded revenues, leading to a reduction in assets. For instance, in 2023, expenses were $157,386 against revenues of $115,214, contributing to a decrease in assets from $65,932 in 2022 to $23,760 in 2023. This pattern suggests the organization may be drawing down reserves or operating with a deficit in certain periods.
The organization's financial health appears stable but with some fluctuations. While assets have decreased significantly in the last two years, from $144,208 in 2021 to $23,760 in 2023, the absence of liabilities across all reported periods is a strong positive indicator of fiscal responsibility. The consistent reporting of 0% officer compensation also suggests a commitment to directing funds towards programmatic activities rather than executive salaries, enhancing its spending efficiency and transparency. However, the recent trend of declining assets warrants close monitoring to ensure long-term sustainability.