Quick charity verification for Albemarle Foundation (EIN: 204798471)
Verdict: Albemarle Foundation appears trustworthy
85/100Mission Score
$17.1MRevenue
$30.2MAssets
2Red Flags
3Strengths
Red Flags
Significant revenue volatility, making financial forecasting challenging.
Expenses frequently exceed revenue in several periods (e.g., 2022, 2020, 2019), indicating reliance on prior year surpluses or asset drawdowns.
Strengths
Consistent 0% officer compensation, demonstrating high efficiency in executive pay.
Substantial asset base ($30.1M) provides financial stability and capacity for future grantmaking.
Strong program focus, as indicated by the estimated spending breakdown, aligning with its role as a grantmaking foundation.
Spending Breakdown
How Albemarle Foundation 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 Albemarle Foundation
Is Albemarle Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Albemarle Foundation (EIN: 204798471) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Albemarle Foundation a good charity to donate to?
Albemarle Foundation has a Mission Score of 85/100. Revenue: $17.1M. Assets: $30.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Albemarle Foundation?
The Employer Identification Number (EIN) for Albemarle Foundation is 204798471. 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 Albemarle Foundation spend its money?
Albemarle Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Albemarle Foundation's tax-exempt status?
You can verify Albemarle Foundation's tax-exempt status using EIN 204798471 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 Albemarle Foundation demonstrates a fluctuating financial profile, with significant swings in revenue and expenses over the past decade. For instance, revenue peaked at $20,497,587 in 2021 but dropped to $4,258,896 in 2022, while expenses remained relatively stable, ranging from $6.2 million to $6.8 million in recent years. This volatility suggests reliance on large, infrequent contributions or investment income, which can make long-term financial planning challenging. The foundation consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for transparency and efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is limited. The substantial asset base of $30,194,136 relative to its annual expenses suggests a well-endowed organization, capable of sustaining its operations even during periods of lower revenue.