Screaming Comet Foundation
Screaming Comet Foundation accumulates significant assets with minimal reported expenses, raising questions about programmatic spending.
EIN: 200512645 · Miami Beach, FL · NTEE: T20 · Updated: 2026-03-28
Is Screaming Comet Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Screaming Comet Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Screaming Comet Foundation
Screaming Comet Foundation (EIN: 200512645) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code T20. The organization reported total revenue of $6.6M and total assets of $158.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Screaming Comet Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Screaming Comet Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Screaming Comet Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $158 million in assets and tens of millions in annual revenue. This suggests either a fully volunteer executive team or that executive compensation is categorized in a way that is not transparently reported as 'officer compensation' on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Screaming Comet Foundation's IRS 990 filings:
- Extremely low expense-to-revenue ratio in recent years (e.g., 2021 expenses were less than 1% of revenue)
- Consistent reporting of 0% officer compensation for a large organization, raising transparency questions
- Significant asset accumulation without corresponding increase in programmatic spending
- Lack of clear indication on how substantial assets are being deployed for charitable purposes
Strengths
The following positive indicators were identified for Screaming Comet Foundation:
- Exceptional financial stability with consistently low liabilities (often $1)
- Strong asset growth over time, indicating robust financial management and investment
- Significant financial reserves available for future programmatic initiatives
- No reported officer compensation, suggesting low leadership overhead if accurate
Frequently Asked Questions about Screaming Comet Foundation
Is Screaming Comet Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Screaming Comet Foundation (EIN: 200512645) significant concerns. Mission Score: 45/100. 4 red flags identified, 4 strengths noted.
How does Screaming Comet Foundation spend its money?
Screaming Comet Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Screaming Comet Foundation tax-deductible?
Screaming Comet Foundation is registered as a tax-exempt nonprofit (EIN: 200512645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are expenses consistently so low relative to revenue, especially in recent years (e.g., $3.6M expenses on $36.2M revenue in 2022)?
The significant disparity between revenue and expenses suggests that the organization is primarily accumulating assets rather than actively spending on programs or operations. This could indicate a focus on endowment building or a delay in deploying funds.
How does the Screaming Comet Foundation fulfill its mission (NTEE T20) with such minimal reported expenses?
Given the low expenses, it's unclear how the foundation is actively engaging in philanthropy, voluntarism, or grantmaking. Further details on program service accomplishments and grant distributions would be necessary to understand its impact.
Is the 0% officer compensation accurate, or is executive compensation reported under a different category?
While 0% officer compensation is positive for overhead, it's highly uncommon for an organization of this size. It warrants clarification to ensure transparency regarding leadership costs.
What is the organization's strategy for deploying its substantial assets ($158.7M) to achieve its charitable purpose?
With such a large asset base and low spending, the foundation's long-term strategy for utilizing these funds to generate charitable impact is not evident from the provided data.
Filing History
IRS 990 filing history for Screaming Comet Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Screaming Comet Foundation's revenue has grown by 502.1%, moving from $6.0M to $36.2M. Total assets increased by 1155.5% over the same period, from $10.3M to $129.5M. Total functional expenses rose by 0.3%, from $3.6M to $3.6M. In its most recent filing year (2022), Screaming Comet Foundation reported a surplus of $32.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $129.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $129.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $36.2M | $3.6M | $129.5M | $1 | — | View 990 |
| 2021 | $43.8M | $357K | $114.8M | $1 | — | View 990 |
| 2020 | $12.5M | $97K | $56.4M | $1 | — | — |
| 2019 | $12.7M | $186K | $32.8M | $1 | — | — |
| 2015 | $1.4M | $3.1M | $6.0M | $0 | — | View 990 |
| 2014 | $5.5M | $2.2M | $9.0M | $0 | — | View 990 |
| 2013 | $2.1M | $3.4M | $7.0M | $0 | — | View 990 |
| 2012 | $1.3M | $3.5M | $8.3M | $0 | — | View 990 |
| 2011 | $6.0M | $3.6M | $10.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $36.2M, expenses of $3.6M, and assets of $129.5M (revenue -17.4% year-over-year).
- 2021: Revenue of $43.8M, expenses of $357K, and assets of $114.8M (revenue +249.7% year-over-year).
- 2020: Revenue of $12.5M, expenses of $97K, and assets of $56.4M (revenue -1.2% year-over-year).
- 2019: Revenue of $12.7M, expenses of $186K, and assets of $32.8M (revenue +813.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $3.1M, and assets of $6.0M (revenue -74.7% year-over-year).
- 2014: Revenue of $5.5M, expenses of $2.2M, and assets of $9.0M (revenue +155.5% year-over-year).
- 2013: Revenue of $2.1M, expenses of $3.4M, and assets of $7.0M (revenue +60.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $3.5M, and assets of $8.3M (revenue -77.8% year-over-year).
- 2011: Revenue of $6.0M, expenses of $3.6M, and assets of $10.3M.
Data Sources and Methodology
This transparency report for Screaming Comet Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.