Quick charity verification for Topsham Development Inc (EIN: 10495451)
Verdict: Topsham Development Inc appears trustworthy
70/100Mission Score
$10KRevenue
$315KAssets
3Red Flags
3Strengths
Red Flags
Inconsistent and highly fluctuating revenue streams, making financial planning challenging.
Recent deficit spending, with expenses ($15,020 in 2023) significantly exceeding revenue ($2,909 in 2023).
Lack of detailed expense breakdown in the provided data, hindering a full assessment of program efficiency.
Strengths
Strong asset base, reaching $329,830 in 2023, providing a buffer against revenue fluctuations.
Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
Absence of liabilities in recent years (2017-2023), suggesting good debt management.
Spending Breakdown
How Topsham Development Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Topsham Development Inc
Is Topsham Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Topsham Development Inc (EIN: 10495451) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Topsham Development Inc a good charity to donate to?
Topsham Development Inc has a Mission Score of 70/100. Revenue: $10K. Assets: $315K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Topsham Development Inc?
The Employer Identification Number (EIN) for Topsham Development Inc is 10495451. 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 Topsham Development Inc spend its money?
Topsham Development Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Topsham Development Inc's tax-exempt status?
You can verify Topsham Development Inc's tax-exempt status using EIN 10495451 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
Topsham Development Inc. exhibits a mixed financial picture. While the organization maintains a healthy asset base, reaching $329,830 in 2023, its revenue generation has been highly inconsistent, fluctuating significantly from a high of $150,378 in 2021 to a low of -$3,061 in 2018. The most recent filing shows expenses of $15,020 against revenue of only $2,909, indicating a deficit spending pattern in the last fiscal year. This trend of expenses exceeding revenue is also visible in several prior years, such as 2016 ($21,086 expenses vs. $1,342 revenue) and 2014 ($20,655 expenses vs. $1,367 revenue).
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a lean operational structure at the executive level, which is a positive indicator for donor confidence. The absence of liabilities in recent years (2017-2023) also points to sound financial management in terms of debt.
Transparency appears to be strong regarding executive compensation, with no reported officer compensation. However, the lack of detailed expense categorization in the provided data limits a full assessment of how efficiently funds are allocated across programs, administration, and fundraising. The significant fluctuations in revenue and occasional deficit spending warrant closer examination to understand the sustainability of their operations.