Quick charity verification for Albert E Farone & Angela T Farone (EIN: 160911612)
Verdict: Albert E Farone & Angela T Farone appears trustworthy
85/100Mission Score
$15.7MRevenue
$39.7MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
Strengths
Consistently positive net income, with revenues significantly exceeding expenses in all reported periods.
Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
Strong and growing asset base, with assets of $39,705,307 significantly outweighing liabilities.
Low liabilities, demonstrating strong financial management and minimal debt burden.
Consistent filing history (12 filings), indicating good compliance and transparency.
Spending Breakdown
How Albert E Farone & Angela T Farone 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 Albert E Farone & Angela T Farone
Is Albert E Farone & Angela T Farone a legitimate charity?
Based on AI analysis of IRS 990 filings, Albert E Farone & Angela T Farone (EIN: 160911612) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Albert E Farone & Angela T Farone a good charity to donate to?
Albert E Farone & Angela T Farone has a Mission Score of 85/100. Revenue: $15.7M. Assets: $39.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Albert E Farone & Angela T Farone?
The Employer Identification Number (EIN) for Albert E Farone & Angela T Farone is 160911612. 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 Albert E Farone & Angela T Farone spend its money?
Albert E Farone & Angela T Farone allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Albert E Farone & Angela T Farone's tax-exempt status?
You can verify Albert E Farone & Angela T Farone's tax-exempt status using EIN 160911612 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
Albert E Farone & Angela T Farone demonstrates strong financial health with consistently positive net income over the past decade, as evidenced by revenues consistently exceeding expenses. For instance, in 2023, revenue was $1,930,174 against expenses of $804,676. The organization also maintains substantial assets, reported at $39,705,307 in the latest filing, significantly outweighing its liabilities. The absence of reported officer compensation across all available filings suggests a high degree of volunteer leadership or that compensation is covered by other entities, which enhances its spending efficiency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The organization's transparency is good in terms of public filings, but more granular expense reporting would further improve it.