Quick charity verification for W Scott Reid Scholarship Fund (EIN: 16141002)
Verdict: W Scott Reid Scholarship Fund appears trustworthy
90/100Mission Score
$266KRevenue
$416KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Zero officer compensation, ensuring all funds support the mission.
Strong and stable asset base, consistently over $400,000.
Minimal liabilities reported across all filings, indicating low financial risk.
Consistent program delivery despite revenue fluctuations, likely supported by assets.
Spending Breakdown
How W Scott Reid Scholarship Fund allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
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 W Scott Reid Scholarship Fund
Is W Scott Reid Scholarship Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, W Scott Reid Scholarship Fund (EIN: 16141002) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
Is W Scott Reid Scholarship Fund a good charity to donate to?
W Scott Reid Scholarship Fund has a Mission Score of 90/100. Revenue: $266K. Assets: $416K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for W Scott Reid Scholarship Fund?
The Employer Identification Number (EIN) for W Scott Reid Scholarship Fund is 16141002. 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 W Scott Reid Scholarship Fund spend its money?
W Scott Reid Scholarship Fund allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify W Scott Reid Scholarship Fund's tax-exempt status?
You can verify W Scott Reid Scholarship Fund's tax-exempt status using EIN 16141002 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 W Scott Reid Scholarship Fund demonstrates consistent financial stability with a healthy asset base, averaging over $400,000 in assets in recent years. However, the organization has experienced fluctuating revenues, with the latest reported revenue of $12,059 in 2023 being significantly lower than its peak of $76,743 in 2012. Despite these revenue fluctuations, expenses have remained relatively stable, typically in the $20,000-$30,000 range annually. The organization's commitment to its mission is evident through its zero officer compensation, indicating that all funds are directed towards its programmatic goals. The consistent reporting of minimal liabilities also points to sound financial management and low financial risk.