Quick charity verification for Avangrid Foundation Inc (EIN: 134200689)
Verdict: Avangrid Foundation Inc appears trustworthy
85/100Mission Score
$3.2MRevenue
$7.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation is highly unusual and warrants further investigation into leadership compensation structure.
Lack of detailed functional expense breakdown in provided data limits full assessment of program efficiency.
Strengths
Consistent revenue generation, with recent surpluses (e.g., $367,795 in 2023).
Strong asset base providing financial stability (e.g., $5,760,467 in 2023).
Long history of IRS 990 filings, indicating regulatory compliance.
No reported officer compensation, suggesting a high dedication of funds to mission or volunteer leadership.
Spending Breakdown
How Avangrid Foundation Inc 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 Avangrid Foundation Inc
Is Avangrid Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avangrid Foundation Inc (EIN: 134200689) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Avangrid Foundation Inc a good charity to donate to?
Avangrid Foundation Inc has a Mission Score of 85/100. Revenue: $3.2M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Avangrid Foundation Inc?
The Employer Identification Number (EIN) for Avangrid Foundation Inc is 134200689. 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 Avangrid Foundation Inc spend its money?
Avangrid Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Avangrid Foundation Inc's tax-exempt status?
You can verify Avangrid Foundation Inc's tax-exempt status using EIN 134200689 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 Avangrid Foundation Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $2.5 million annually. In the most recent filing (202312), the organization reported revenues of $3,205,136 against expenses of $2,837,341, indicating a surplus for the year. Its assets have fluctuated but remain robust, standing at $5,760,467 in 2023, which provides a solid financial cushion. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. This practice also enhances transparency and trust, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation on the 990, which would warrant further investigation for complete understanding.
While the 990 data provided does not detail the specific breakdown of program, administrative, and fundraising expenses, the consistent surplus in recent years (e.g., $367,795 in 2023 and $812,480 in 2022) suggests effective financial management. The absence of officer compensation is a significant positive for spending efficiency. However, without a detailed functional expense breakdown, it's challenging to fully assess the proportion of funds directly allocated to programs versus overhead. The organization's consistent filing of IRS Form 990s over a long period (10 filings provided) indicates a commitment to regulatory compliance and transparency.
Overall, Avangrid Foundation Inc. appears to be a financially sound organization with a commendable approach to executive compensation. Its consistent revenue generation and asset base provide stability, and the lack of officer compensation is a notable strength in terms of financial efficiency and transparency. Further detailed expense breakdowns would provide even greater insight into its spending efficiency.