Quick charity verification for Virginia Hodgkins Somers Foundation Inc (EIN: 10537127)
Verdict: Virginia Hodgkins Somers Foundation Inc shows mixed signals
45/100Mission Score
$1.5MRevenue
$1.7MAssets
5Red Flags
3Strengths
Red Flags
Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 202309 expenses $1,451,905 vs. revenue $543,870).
Significant decline in total assets over time, from $4,632,314 in 201109 to $1,867,440 in 202309.
Lack of detailed NTEE code and specific program information, limiting understanding of mission focus.
Unusual consistent reporting of $1 in liabilities for multiple years.
High volatility in annual revenue, making financial planning and stability challenging (e.g., $74,874 in 202209 vs. $1,283,035 in 202109).
Strengths
Consistent reporting of 0% officer compensation, indicating low executive overhead.
Long history of IRS 990 filings (9 filings), suggesting compliance with reporting requirements.
Maintains a substantial asset base, despite declines, providing some financial cushion ($1,867,440 in 202309).
Spending Breakdown
How Virginia Hodgkins Somers Foundation 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 Virginia Hodgkins Somers Foundation Inc
Is Virginia Hodgkins Somers Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Hodgkins Somers Foundation Inc (EIN: 10537127) shows mixed signals. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
Is Virginia Hodgkins Somers Foundation Inc a good charity to donate to?
Virginia Hodgkins Somers Foundation Inc has a Mission Score of 45/100. Revenue: $1.5M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Virginia Hodgkins Somers Foundation Inc?
The Employer Identification Number (EIN) for Virginia Hodgkins Somers Foundation Inc is 10537127. 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 Virginia Hodgkins Somers Foundation Inc spend its money?
Virginia Hodgkins Somers Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Virginia Hodgkins Somers Foundation Inc's tax-exempt status?
You can verify Virginia Hodgkins Somers Foundation Inc's tax-exempt status using EIN 10537127 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 Virginia Hodgkins Somers Foundation Inc. exhibits a concerning trend of declining assets and consistent operating deficits over the past several years. While the organization reported $1,496,517 in latest revenue, its expenses have frequently outpaced revenue, as seen in 202309 where expenses were $1,451,905 against revenue of $543,870, and in 202209 with expenses of $1,039,747 against revenue of $74,874. This has led to a significant decrease in assets from $4,632,314 in 201109 to $1,867,440 in 202309. The foundation's financial health appears to be deteriorating, relying on its asset base to cover operational shortfalls.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent net losses suggest that current spending levels are unsustainable relative to its revenue generation. The absence of reported officer compensation indicates a potential strength in minimizing executive overhead, but this alone does not offset the broader financial challenges.
Transparency regarding specific program activities and detailed expense categories is limited by the provided data. While the filing history is consistent, the lack of NTEE code and detailed expense allocation makes it challenging for external stakeholders to fully understand the organization's operational focus and efficiency. The consistent liabilities of $1 in recent years are unusual and may warrant further investigation into how liabilities are reported.