Quick charity verification for Abb Foundation Inc (EIN: 201972930)
Verdict: Abb Foundation Inc shows mixed signals
50/100Mission Score
$0Revenue
$0Assets
2Red Flags
1Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential inactivity or cessation of operations.
Expenses exceeded revenue in multiple historical periods (e.g., 2011 and 2012), which can be unsustainable long-term.
Strengths
Consistently reported 0% officer compensation across all available filings, indicating efficient use of funds regarding executive salaries.
Spending Breakdown
How Abb Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Abb Foundation Inc
Is Abb Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abb Foundation Inc (EIN: 201972930) shows mixed signals. Mission Score: 50/100. 2 red flags identified, 1 strength noted.
Is Abb Foundation Inc a good charity to donate to?
Abb Foundation Inc has a Mission Score of 50/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abb Foundation Inc?
The Employer Identification Number (EIN) for Abb Foundation Inc is 201972930. 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 Abb Foundation Inc spend its money?
Abb Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abb Foundation Inc's tax-exempt status?
You can verify Abb Foundation Inc's tax-exempt status using EIN 201972930 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
Abb Foundation Inc. appears to be a small foundation with fluctuating financial activity over the analyzed periods. The organization consistently reported zero officer compensation across all filings, which is a positive indicator for a nonprofit of its size, suggesting resources are not being diverted to high executive salaries. However, the latest reported revenue and assets are both $0, which is a significant concern and suggests the organization may no longer be active or has ceased operations. This lack of current financial activity makes a comprehensive assessment of its current financial health impossible.
Looking at historical data, the foundation generally operated with revenues in the range of $570,000 to $680,000 and expenses often close to or exceeding revenue, as seen in 2012 ($573,050 revenue vs. $619,212 expenses) and 2011 ($683,193 revenue vs. $793,127 expenses). This indicates periods where expenses outstripped income, potentially drawing down reserves. The significant increase in assets from $29,856 in 2013 to $219,105 in 2014, alongside a rise in liabilities, suggests a substantial financial event or change in operations during that period. Without more detailed expense breakdowns, it's difficult to assess spending efficiency beyond the absence of executive compensation. The current $0 revenue and assets, however, are the most critical data points, raising questions about its ongoing viability and transparency regarding its current status.