Is Amy E Tarrant Foundation Inc Legit?

Quick charity verification for Amy E Tarrant Foundation Inc (EIN: 20514457)

Verdict: Amy E Tarrant Foundation Inc has notable concerns

35/100Mission Score

$5KRevenue

$492KAssets

4Red Flags

2Strengths

Red Flags

Consistent and significant operational deficits (e.g., 2023 expenses $3.87M vs. revenue $0.62M)
Dramatic decline in assets over a decade (from $10.8M in 2011 to $0.1M in 2023)
Unsustainable financial model with expenses consistently exceeding revenue
Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data

Strengths

Consistent filing of IRS Form 990s, indicating basic compliance
0% officer compensation reported, minimizing executive overhead

Spending Breakdown

How Amy E Tarrant 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

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 Amy E Tarrant Foundation Inc

Is Amy E Tarrant Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Amy E Tarrant Foundation Inc (EIN: 20514457) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.

Is Amy E Tarrant Foundation Inc a good charity to donate to?

Amy E Tarrant Foundation Inc has a Mission Score of 35/100. Revenue: $5K. Assets: $492K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Amy E Tarrant Foundation Inc?

The Employer Identification Number (EIN) for Amy E Tarrant Foundation Inc is 20514457. 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 Amy E Tarrant Foundation Inc spend its money?

Amy E Tarrant Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Amy E Tarrant Foundation Inc's tax-exempt status?

You can verify Amy E Tarrant Foundation Inc's tax-exempt status using EIN 20514457 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 Amy E Tarrant Foundation Inc. exhibits a concerning financial trend with expenses consistently and significantly exceeding revenue over the past several years. For instance, in 2023, the organization reported revenue of $621,695 against expenses of $3,874,860, indicating a substantial deficit. This pattern is not isolated, as seen in 2022 with $54,313 in revenue versus $851,865 in expenses, and in 2021 with $776,384 in revenue against $1,188,947 in expenses. This consistent operational deficit raises questions about the long-term sustainability of the foundation's funding model, especially given the dramatic decrease in assets from $10,809,931 in 2011 to $103,309 in 2023.

The foundation's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the large and consistent deficits suggest that the organization is spending down its assets rather than operating on a sustainable revenue stream. The lack of reported officer compensation across all filings indicates a potential strength in minimizing overhead related to executive salaries, but this alone does not offset the broader financial challenges. The significant decline in assets over the past decade, from over $10 million to just over $100,000, is a critical indicator of financial instability.

Regarding transparency, the consistent filing of IRS Form 990s is a positive sign. However, the provided data lacks the granular detail needed to fully evaluate spending efficiency (e.g., specific program vs. administrative costs). The consistent reporting of $1 in liabilities in recent years (2019-2023) is unusual and might warrant further investigation into the nature of these liabilities or could be a reporting anomaly. Overall, while basic compliance is met, the financial health and sustainability are significant concerns.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.