Quick charity verification for Usmma Sailing Foundation Inc (EIN: 113561278)
Verdict: Usmma Sailing Foundation Inc appears trustworthy
85/100Mission Score
$18.7MRevenue
$38.6MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, making financial planning challenging.
Occasional large deficits where expenses substantially exceed revenue (e.g., 2021).
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
Strong asset base ($38.5M in 2023) significantly exceeding liabilities ($787K in 2023), demonstrating excellent solvency.
Positive net income in several recent years, including 2023 ($17.9M revenue vs. $17.8M expenses).
Low liabilities relative to assets, indicating strong financial health.
Spending Breakdown
How Usmma Sailing Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Usmma Sailing Foundation Inc
Is Usmma Sailing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Usmma Sailing Foundation Inc (EIN: 113561278) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Usmma Sailing Foundation Inc a good charity to donate to?
Usmma Sailing Foundation Inc has a Mission Score of 85/100. Revenue: $18.7M. Assets: $38.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Usmma Sailing Foundation Inc?
The Employer Identification Number (EIN) for Usmma Sailing Foundation Inc is 113561278. 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 Usmma Sailing Foundation Inc spend its money?
Usmma Sailing Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Usmma Sailing Foundation Inc's tax-exempt status?
You can verify Usmma Sailing Foundation Inc's tax-exempt status using EIN 113561278 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
Usmma Sailing Foundation Inc demonstrates a generally strong financial position, with assets consistently exceeding liabilities by a significant margin, indicating good solvency. The organization's revenue has shown considerable volatility over the past decade, ranging from a low of $3.8 million in 2016 to a high of $35.6 million in 2017, and $23.1 million in 2022, before settling at $17.9 million in 2023. This fluctuation suggests reliance on potentially large, infrequent donations or project-based funding.
Spending efficiency appears reasonable, especially given the reported 0% officer compensation across all filings, which is a positive indicator for donor confidence. In 2023, expenses were $17,879,302 against revenues of $17,989,915, showing a near break-even operation for that year. However, there have been periods of significant deficits, such as in 2021 where expenses ($13,164,167) far outstripped revenue ($5,996,554), which could be a concern if not covered by prior surpluses or restricted funds. The consistent reporting of 0% officer compensation across all filings is a strong positive for transparency and efficient use of funds, as it implies a volunteer-led or very lean administrative structure at the executive level.
Overall, the organization appears financially sound with substantial assets. The lack of officer compensation is a significant strength in terms of transparency and resource allocation. However, the high variability in annual revenue and occasional large deficits suggest a need for robust financial planning to manage cash flow and ensure long-term sustainability, especially if large projects are undertaken.