Is The William Matheus Sullivan Musical Foundation Legit?
Quick charity verification for The William Matheus Sullivan Musical Foundation (EIN: 136069096)
Verdict: The William Matheus Sullivan Musical Foundation appears trustworthy
95/100Mission Score
$3.8MRevenue
$4.7MAssets
1Red Flags
4Strengths
Red Flags
Recent years show expenses exceeding revenue (e.g., $237,467 expenses vs. $149,269 revenue in 2023), indicating reliance on reserves or investment income to cover operational costs.
Strengths
Consistent 0% officer compensation across all filings, demonstrating high efficiency and dedication of funds to mission.
Substantial and growing asset base, reaching $4,403,257 in 2023, providing financial stability.
Regular and consistent IRS 990 filing history (11 filings), indicating strong transparency and governance.
Low liabilities relative to assets, suggesting sound financial management (e.g., $1,764 liabilities vs. $4,403,257 assets in 2023).
Spending Breakdown
How The William Matheus Sullivan Musical Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 William Matheus Sullivan Musical Foundation
Is The William Matheus Sullivan Musical Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The William Matheus Sullivan Musical Foundation (EIN: 136069096) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is The William Matheus Sullivan Musical Foundation a good charity to donate to?
The William Matheus Sullivan Musical Foundation has a Mission Score of 95/100. Revenue: $3.8M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The William Matheus Sullivan Musical Foundation?
The Employer Identification Number (EIN) for The William Matheus Sullivan Musical Foundation is 136069096. 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 William Matheus Sullivan Musical Foundation spend its money?
The William Matheus Sullivan Musical Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The William Matheus Sullivan Musical Foundation's tax-exempt status?
You can verify The William Matheus Sullivan Musical Foundation's tax-exempt status using EIN 136069096 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 William Matheus Sullivan Musical Foundation demonstrates consistent financial stability with assets generally growing over the past decade, reaching $4,403,257 in 2023. While the organization experienced a deficit in recent years, with expenses exceeding revenue (e.g., $237,467 in expenses vs. $149,269 in revenue in 2023), this appears to be managed by its substantial asset base. The foundation's NTEE code T20 suggests a focus on performing arts, which aligns with its mission. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and efficiency profile.
Spending efficiency is high, as evidenced by the lack of officer compensation. The foundation's financial health is robust, supported by its significant assets relative to its annual expenses. The consistent filing of IRS Form 990s over many years also points to good governance and transparency practices. The fluctuations in revenue, such as the peak of $668,861 in 2015 compared to $149,269 in 2023, suggest reliance on varied funding sources, but the overall asset growth provides a buffer against these variations.