Strong revenue generation in recent years ($28.5M in 2023, $29.9M in 2022) relative to expenses.
Consistent filing history of 10 IRS 990 forms, indicating good transparency.
Spending Breakdown
How Bill And Carol Latimer Charitable Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Bill And Carol Latimer Charitable Foundation
Is Bill And Carol Latimer Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bill And Carol Latimer Charitable Foundation (EIN: 203450991) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Bill And Carol Latimer Charitable Foundation a good charity to donate to?
Bill And Carol Latimer Charitable Foundation has a Mission Score of 95/100. Revenue: $66.8M. Assets: $177.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bill And Carol Latimer Charitable Foundation?
The Employer Identification Number (EIN) for Bill And Carol Latimer Charitable Foundation is 203450991. 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 Bill And Carol Latimer Charitable Foundation spend its money?
Bill And Carol Latimer Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bill And Carol Latimer Charitable Foundation's tax-exempt status?
You can verify Bill And Carol Latimer Charitable Foundation's tax-exempt status using EIN 203450991 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 Bill And Carol Latimer Charitable Foundation demonstrates strong financial health, with its assets growing significantly from $124.5 million in 2011 to $161 million in 2023, and reaching $177.7 million most recently. The organization consistently reports minimal liabilities, often just $1, indicating a very stable financial position. Revenue has fluctuated but shows a strong upward trend in recent years, with $28.5 million in 2023 and $29.9 million in 2022, far exceeding expenses in those periods. This suggests a robust capacity for grantmaking and program support.
The foundation's spending efficiency appears high, as indicated by the substantial difference between revenue and expenses in recent years. For example, in 2023, expenses were $8.6 million against $28.5 million in revenue, suggesting a significant portion of funds are retained or directly allocated to program services. The absence of reported officer compensation across all available filings is a notable indicator of efficiency and potentially low administrative overhead, as it implies that leadership may be unpaid or compensated through other means not captured as officer compensation, or that the foundation operates with a volunteer board.
Transparency is generally good, with a consistent filing history of 10 IRS 990 forms. The detailed financial data provided in these filings allows for a clear understanding of the foundation's revenue, expenses, and asset growth. The lack of officer compensation also contributes to a perception of transparency regarding how funds are utilized, as a major potential area of concern for nonprofits is often executive pay. Overall, the foundation appears to be well-managed and financially sound, with a clear focus on its charitable mission.