Quick charity verification for Abe Charitable Foundation Inc (EIN: 201650254)
Verdict: Abe Charitable Foundation Inc shows mixed signals
40/100Mission Score
$52KRevenue
$100KAssets
3Red Flags
1Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue in most periods, e.g., 2015 expenses $252,258 vs. revenue $59,077).
Significant decline in assets from $1,107,213 in 2012 to $100,286 currently.
Unusual consistent reporting of $1 in liabilities across multiple years.
Strengths
No officer compensation reported, indicating resources are not being used for executive salaries.
Spending Breakdown
How Abe Charitable 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 Abe Charitable Foundation Inc
Is Abe Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abe Charitable Foundation Inc (EIN: 201650254) shows mixed signals. Mission Score: 40/100. 3 red flags identified, 1 strength noted.
Is Abe Charitable Foundation Inc a good charity to donate to?
Abe Charitable Foundation Inc has a Mission Score of 40/100. Revenue: $52K. Assets: $100K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abe Charitable Foundation Inc?
The Employer Identification Number (EIN) for Abe Charitable Foundation Inc is 201650254. 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 Abe Charitable Foundation Inc spend its money?
Abe Charitable Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abe Charitable Foundation Inc's tax-exempt status?
You can verify Abe Charitable Foundation Inc's tax-exempt status using EIN 201650254 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 Abe Charitable Foundation Inc. exhibits a concerning financial trend, with expenses consistently exceeding revenue in most reported periods, leading to a significant decline in assets. For instance, in 2015, expenses were $252,258 against revenues of $59,077, and in 2014, expenses were $352,438 against revenues of $80,467. This pattern suggests an unsustainable operational model, potentially drawing down on reserves or prior year surpluses. The organization's assets have decreased from a high of $1,107,213 in 2012 to $100,286 currently, indicating a substantial depletion of financial resources.
While the provided data does not detail the breakdown of expenses into program, administrative, and fundraising costs, the overall financial trajectory raises questions about spending efficiency and long-term viability. The consistent reporting of $1 in liabilities across all periods is unusual and might warrant further investigation into the accuracy of financial reporting or the nature of its financial structure. The absence of reported officer compensation is a positive indicator for transparency regarding executive pay.
Given the significant and consistent deficit spending, the organization's financial health appears precarious. Without a clear strategy to align expenses with revenue, the foundation faces substantial challenges in sustaining its operations and fulfilling its mission. The decline in assets is a critical red flag, suggesting that the organization is liquidating its capital rather than growing it.