Is Upstate Homeschool Co Op Inc Legit? —…

Quick charity verification for Upstate Homeschool Co Op Inc (EIN: 201380298)

Strengths

Consistent and significant revenue growth, from $396,533 in 2014 to $1,607,439 in 2023.
Zero reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
Healthy asset growth, from $239,200 in 2014 to $1,512,976 in 2023, demonstrating financial stability.
Consistent operational surpluses, with revenue exceeding expenses in most reported periods.
Strong financial health with assets consistently exceeding liabilities.

Spending Breakdown

How Upstate Homeschool Co Op Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

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 Upstate Homeschool Co Op Inc

Is Upstate Homeschool Co Op Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Upstate Homeschool Co Op Inc (EIN: 201380298) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

Is Upstate Homeschool Co Op Inc a good charity to donate to?

Upstate Homeschool Co Op Inc has a Mission Score of 92/100. Revenue: $2.1M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Upstate Homeschool Co Op Inc?

The Employer Identification Number (EIN) for Upstate Homeschool Co Op Inc is 201380298. 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 Upstate Homeschool Co Op Inc spend its money?

Upstate Homeschool Co Op Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Upstate Homeschool Co Op Inc's tax-exempt status?

You can verify Upstate Homeschool Co Op Inc's tax-exempt status using EIN 201380298 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

Upstate Homeschool Co Op Inc demonstrates strong financial health and growth, with revenue increasing from $396,533 in 2014 to $1,607,439 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $1,607,439 exceeded expenses of $1,472,355. This consistent surplus has contributed to a healthy growth in assets, from $239,200 in 2014 to $1,512,976 in 2023. The organization's transparency is commendable, particularly given its consistent reporting of 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence.

The organization's spending efficiency appears robust, with expenses generally tracking closely with revenue, suggesting that funds are being deployed effectively to support its mission. The absence of reported officer compensation further reinforces an image of efficient resource allocation. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial trajectory suggests a well-managed entity.

Overall, Upstate Homeschool Co Op Inc exhibits a positive financial trend, responsible asset management, and a high degree of transparency regarding executive compensation. Its consistent growth and operational surpluses indicate a sustainable model for its activities.

Is Upstate Homeschool Co Op Inc Legit?

Verdict: Upstate Homeschool Co Op Inc appears trustworthy