Is The Spiros Segalis Chairtable Tr Legit?…

Quick charity verification for The Spiros Segalis Chairtable Tr (EIN: 136848308)

Spending Breakdown

How The Spiros Segalis Chairtable Tr allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Spiros Segalis Chairtable Tr

Is The Spiros Segalis Chairtable Tr a legitimate charity?

Based on AI analysis of IRS 990 filings, The Spiros Segalis Chairtable Tr (EIN: 136848308) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.

Is The Spiros Segalis Chairtable Tr a good charity to donate to?

The Spiros Segalis Chairtable Tr has a Mission Score of 60/100. Revenue: $26K. Assets: $513K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Spiros Segalis Chairtable Tr?

The Employer Identification Number (EIN) for The Spiros Segalis Chairtable Tr is 136848308. 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 Spiros Segalis Chairtable Tr spend its money?

The Spiros Segalis Chairtable Tr allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Spiros Segalis Chairtable Tr's tax-exempt status?

You can verify The Spiros Segalis Chairtable Tr's tax-exempt status using EIN 136848308 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 Spiros Segalis Charitable Trust exhibits highly volatile financial activity, making a consistent assessment challenging. In 2023, the organization reported revenue of $620,846 but incurred expenses of $3,836,737, leading to a significant deficit. This contrasts sharply with 2022, where revenue was $3,972,515 against expenses of $245,099, indicating a substantial surplus. The organization's assets have fluctuated, reaching a high of $3,752,328 in 2022 before decreasing to $536,437 in 2023. The lack of reported officer compensation across all filings suggests either a volunteer-led structure or that compensation is not disclosed in a standard manner, which could impact transparency. The NTEE code is unknown, which limits the ability to benchmark against similar organizations.

The dramatic swings in revenue and expenses year-over-year raise questions about the predictability and sustainability of its operations. For instance, the 2023 expenses far exceeded revenue, while 2022 saw the opposite. This pattern suggests that the organization might be involved in large, infrequent projects or investments rather than consistent programmatic spending. Without detailed breakdowns of expenses (program, administrative, fundraising), it's difficult to ascertain spending efficiency. The consistently low liabilities across most years indicate a healthy balance sheet in terms of debt, but the overall financial picture is one of significant variability.

Given the available data, the organization's financial health appears to be subject to large, unpredictable events. While the absence of officer compensation is often seen as a positive for efficiency, the lack of detailed expense categories and an unknown NTEE code hinder a comprehensive transparency assessment. Further details on the nature of its activities and expense allocation would be necessary to fully understand its operational model and financial stability.

Is The Spiros Segalis Chairtable Tr Legit?

Verdict: The Spiros Segalis Chairtable Tr shows mixed signals

Red Flags

Strengths