Quick charity verification for Ami Foundation Inc (EIN: 113676863)
Verdict: Ami Foundation Inc shows mixed signals
45/100Mission Score
$279KRevenue
$42KAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $25,659 in 2023, $90,730 in 2022)
Significant decline in net assets from $541,957 in 2019 to $41,587 currently
Increasing liabilities from $0 in 2018 to $41,851 in 2023
Expenses consistently exceeding revenue over multiple years
Strengths
No reported officer compensation, indicating efficient use of funds in executive pay.
Consistent filing of IRS 990s, demonstrating transparency in reporting.
Spending Breakdown
How Ami 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 Ami Foundation Inc
Is Ami Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ami Foundation Inc (EIN: 113676863) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Ami Foundation Inc a good charity to donate to?
Ami Foundation Inc has a Mission Score of 45/100. Revenue: $279K. Assets: $42K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ami Foundation Inc?
The Employer Identification Number (EIN) for Ami Foundation Inc is 113676863. 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 Ami Foundation Inc spend its money?
Ami Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ami Foundation Inc's tax-exempt status?
You can verify Ami Foundation Inc's tax-exempt status using EIN 113676863 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
Ami Foundation Inc. demonstrates a concerning trend of operating deficits over the past several years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $214,344 against revenues of $188,685, and in 2022, expenses were $284,470 against revenues of $193,740. This sustained deficit spending has led to a significant decline in net assets, from a high of $541,957 in 2019 to $114,493 in 2023, and further to the latest reported assets of $41,587. The organization's financial health appears to be deteriorating, raising questions about its long-term sustainability.
While the provided data indicates 0% officer compensation across all reported periods, which suggests efficient use of funds in that area, the overall spending efficiency is impacted by the consistent overspending relative to income. The NTEE code T12 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a focus on grantmaking, but without a detailed breakdown of expenses, it's difficult to fully assess program spending efficiency. The lack of officer compensation does contribute positively to transparency regarding executive pay.
The organization's transparency is generally good given the consistent filing of IRS 990s. However, the declining asset base and persistent operating deficits are significant concerns that warrant closer examination of their financial management practices and funding strategies. The substantial increase in liabilities from $0 in 2018 to $41,851 in 2023 also indicates a growing financial burden.