Quick charity verification for The Vermont Quilt Festival Incorporated (EIN: 222506055)
Verdict: The Vermont Quilt Festival Incorporated shows mixed signals
65/100Mission Score
$107KRevenue
$15KAssets
3Red Flags
2Strengths
Red Flags
Expenses consistently exceed revenue, with $198,261 in expenses against $107,279 in revenue in 2023, leading to a significant draw on assets.
Total assets have sharply declined from $160,548 in 2016 to $15,498 in 2023, indicating financial instability.
The organization reports 0% spending on programs, raising questions about direct mission impact.
Strengths
The organization operates with zero reported executive compensation, demonstrating a commitment to volunteerism.
Despite financial challenges, the organization has continued to operate for many years, suggesting dedicated volunteers.
Spending Breakdown
How The Vermont Quilt Festival Incorporated allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
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 Vermont Quilt Festival Incorporated
Is The Vermont Quilt Festival Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, The Vermont Quilt Festival Incorporated (EIN: 222506055) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is The Vermont Quilt Festival Incorporated a good charity to donate to?
The Vermont Quilt Festival Incorporated has a Mission Score of 65/100. Revenue: $107K. Assets: $15K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Vermont Quilt Festival Incorporated?
The Employer Identification Number (EIN) for The Vermont Quilt Festival Incorporated is 222506055. 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 Vermont Quilt Festival Incorporated spend its money?
The Vermont Quilt Festival Incorporated allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Vermont Quilt Festival Incorporated's tax-exempt status?
You can verify The Vermont Quilt Festival Incorporated's tax-exempt status using EIN 222506055 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 Vermont Quilt Festival Incorporated is a unknown nonprofit based in Williston, Vermont, with reported revenue of $107K and assets of $15K. Our AI analysis assigns a Mission Score of 65/100 (Good). Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization. Revenue has declined -74% across 13 filing periods.