Quick charity verification for Armadas Foundation (EIN: 161622664)
Verdict: Armadas Foundation appears trustworthy
70/100Mission Score
$771KRevenue
$63.5MAssets
3Red Flags
3Strengths
Red Flags
Extreme volatility in annual revenue and expenses, making consistent financial analysis difficult.
Consistent reporting of 0% officer compensation, which may obscure true leadership costs if compensation is reported elsewhere.
Lack of detailed functional expense breakdown in provided data, hindering precise assessment of spending efficiency.
Strengths
Substantial and consistent growth in assets, reaching over $60 million by 2023, indicating strong financial reserves.
Very low and consistent liabilities ($3,904 across all filings), suggesting excellent financial stability and minimal debt.
As a private grantmaking foundation (T22), its primary purpose is likely to support other charitable organizations, which aligns with a philanthropic mission.
Spending Breakdown
How Armadas Foundation 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 Armadas Foundation
Is Armadas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Armadas Foundation (EIN: 161622664) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Armadas Foundation a good charity to donate to?
Armadas Foundation has a Mission Score of 70/100. Revenue: $771K. Assets: $63.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Armadas Foundation?
The Employer Identification Number (EIN) for Armadas Foundation is 161622664. 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 Armadas Foundation spend its money?
Armadas Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Armadas Foundation's tax-exempt status?
You can verify Armadas Foundation's tax-exempt status using EIN 161622664 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
Armadas Foundation demonstrates a mixed financial picture with significant fluctuations in revenue and expenses over the past decade. While the organization has accumulated substantial assets, reaching over $60 million in 2023, its operational spending relative to revenue has varied wildly. For instance, in 2022, expenses were a mere $176,884 against $4,098,363 in revenue, suggesting a focus on asset accumulation or significant non-cash expenses not detailed here. Conversely, in 2019, expenses ($1,189,876) exceeded revenue ($469,858). The consistent reporting of zero officer compensation across all filings indicates either a fully volunteer-led executive team or compensation being reported under other categories, which could impact transparency regarding leadership costs. The foundation's NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is making grants, which would explain lower direct program expenses if grants are reported separately from operational costs.
The foundation's financial health appears robust in terms of asset growth, but the efficiency of its spending is difficult to ascertain without a detailed breakdown of program, administrative, and fundraising expenses. The large swings in revenue, such as $39 million in 2021 followed by $4.6 million in 2023, point to reliance on large, infrequent contributions or investment gains. The consistent, low liability of $3,904 across all filings is a positive indicator of financial stability. However, the lack of reported officer compensation, while potentially a strength, also raises questions about the full cost of governance and administration if not disclosed elsewhere.