Quick charity verification for 88 Plan (EIN: 113805565)
Verdict: 88 Plan appears trustworthy
85/100Mission Score
$29.2MRevenue
$11.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for a large organization, which may obscure executive remuneration practices.
Strengths
Consistent revenue growth over a decade, from $8.3M in 2014 to $25.6M in 2023.
Consistent financial surpluses, indicating sound financial management and sustainability.
Strong asset growth, from $2.5M in 2014 to $8.2M in 2023, enhancing financial stability.
Excellent compliance with IRS reporting, evidenced by 13 filings.
Spending Breakdown
How 88 Plan 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 88 Plan
Is 88 Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, 88 Plan (EIN: 113805565) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is 88 Plan a good charity to donate to?
88 Plan has a Mission Score of 85/100. Revenue: $29.2M. Assets: $11.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 88 Plan?
The Employer Identification Number (EIN) for 88 Plan is 113805565. 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 88 Plan spend its money?
88 Plan allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 88 Plan's tax-exempt status?
You can verify 88 Plan's tax-exempt status using EIN 113805565 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
88 Plan demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, its revenue has steadily increased from $8.3 million in 2014 to $25.6 million in 2023, with assets growing from $2.5 million to $8.2 million in the same period. The organization consistently operates with a surplus, as evidenced by its revenues generally exceeding expenses, such as in 2023 where revenue was $25,696,093 against expenses of $25,230,464. This indicates sound financial management and an ability to build reserves.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent surpluses suggest that the organization is managing its overall expenditures effectively relative to its income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive compensation model, which can contribute to higher spending efficiency on programs.
In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The zero officer compensation reported across all available filings is a significant transparency point, suggesting that executive leadership may not be drawing salaries, or that compensation is structured in a way that isn't reported as officer compensation on the 990s. Further detail on functional expenses would enhance the transparency of its spending efficiency.